corn18
Thinks s/he gets paid by the post
- Joined
- Aug 30, 2015
- Messages
- 1,890
Wanted to get some advice and maybe illuminate some unknown unknowns as we consider what our next steps are in life.
Current situation;
MIL: 78 yo. dealing with COPD and heart failure. Is living on her own, but shouldn't. Lonely and depressed. On oxygen 100% of the time. Still drives but shouldn't. Lives in MD. No debt. Plenty of money. Will NOT consider assisted living. But needs it.
Us: 52&48. moving to TX in Jan for job. 2 years from FI or we could be FI now if we really wanted to.
We are a family first kind of family (the department of redundancy dept). We have talked to MIL endlessly about her need to go to assisted living and she will not. So, instead of fighting her all the time on it, we have decided to consider how we could make her life as wonderful as possible. We floated the idea of her moving into our TX home (we bought one with an in-law suite) and she said heck no. Will not leave MD. Ok, what if we moved to MD and bought a house with an in-law suite? That was not rejected, but no commitment.
We will be with her over the holidays and I want to get a vision in place. I have no beef moving to MD and buying a house that works for all of us (just me and my wife, kids are out on their own). We could afford to buy the house and cover all expenses with just our money. But if we shared the expenses with MIL, then we would be FI and I could retire. Seems like a win-win if we share the expenses.
That's as much clarity I have at this moment. What should we be considering as we approach her about making this a reality vs. just a thought?
Current situation;
MIL: 78 yo. dealing with COPD and heart failure. Is living on her own, but shouldn't. Lonely and depressed. On oxygen 100% of the time. Still drives but shouldn't. Lives in MD. No debt. Plenty of money. Will NOT consider assisted living. But needs it.
Us: 52&48. moving to TX in Jan for job. 2 years from FI or we could be FI now if we really wanted to.
We are a family first kind of family (the department of redundancy dept). We have talked to MIL endlessly about her need to go to assisted living and she will not. So, instead of fighting her all the time on it, we have decided to consider how we could make her life as wonderful as possible. We floated the idea of her moving into our TX home (we bought one with an in-law suite) and she said heck no. Will not leave MD. Ok, what if we moved to MD and bought a house with an in-law suite? That was not rejected, but no commitment.
We will be with her over the holidays and I want to get a vision in place. I have no beef moving to MD and buying a house that works for all of us (just me and my wife, kids are out on their own). We could afford to buy the house and cover all expenses with just our money. But if we shared the expenses with MIL, then we would be FI and I could retire. Seems like a win-win if we share the expenses.
That's as much clarity I have at this moment. What should we be considering as we approach her about making this a reality vs. just a thought?
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