Caregiver
Confused about dryer sheets
Greetings All,
Most recently, I found myself at a crossroad of either caring for my elderly parents full-time or continue a career spanning 19 years and counting....
My parents are both approaching 80 years of age and their health has been ailing them particularly over the past few years. Dad is in the mid-stages of Alzheimer's and essentially homebound. Mom has her own health issues of which poor vision is the biggest worry. On top of this, they both care for my sister who is in her mid-40's and mentally disabled. She was born this way and has been under my parents care from birth.
I'm anticipating that my mom will no longer be driving by the end this year given her vision issues and all 3 family members will require a caregiver(s) in some form or another. Mom's burden between taking care of my dad and sister has taken a big toll on her while setting aside her own health needs in a very selfless manner.
Elderly neglect is a rampant problem in our society and I have ruled out a nursing home or hired helpers as a possibility - no way, no chance, nada!
They have steady revenue streams from rental property, SS and to a modest extent, revenue opportunities from IRA and individual stock accounts. Their home is paid-off and assets include:
Me? 45/single/no kids with:
Question: could I afford to retire at 45 (today) given the combined asset portfolios? I want to make certain my family and sister are properly cared for in their deepest time of need and I'm willing to give up a career to make this happen!
Viewpoints or those sharing a similar situation are welcomed!
Cheers!
Most recently, I found myself at a crossroad of either caring for my elderly parents full-time or continue a career spanning 19 years and counting....
My parents are both approaching 80 years of age and their health has been ailing them particularly over the past few years. Dad is in the mid-stages of Alzheimer's and essentially homebound. Mom has her own health issues of which poor vision is the biggest worry. On top of this, they both care for my sister who is in her mid-40's and mentally disabled. She was born this way and has been under my parents care from birth.
I'm anticipating that my mom will no longer be driving by the end this year given her vision issues and all 3 family members will require a caregiver(s) in some form or another. Mom's burden between taking care of my dad and sister has taken a big toll on her while setting aside her own health needs in a very selfless manner.
Elderly neglect is a rampant problem in our society and I have ruled out a nursing home or hired helpers as a possibility - no way, no chance, nada!
They have steady revenue streams from rental property, SS and to a modest extent, revenue opportunities from IRA and individual stock accounts. Their home is paid-off and assets include:
- primary residence: $500k
- rental property: $900k
- IRA and cash equivalent accounts: $400
- sister: SSI benefits
Me? 45/single/no kids with:
- Equity between primary residence and condo rental: $225k
- Stocks and cash equivalents: $200K
- IRA: $100k
- My job brings in $140k; rental net neutral.
Question: could I afford to retire at 45 (today) given the combined asset portfolios? I want to make certain my family and sister are properly cared for in their deepest time of need and I'm willing to give up a career to make this happen!
Viewpoints or those sharing a similar situation are welcomed!
Cheers!