by jimk » Fri 03 Mar 2006, 02:53:42
$this->bbcode_second_pass_quote('Lokutus', '
')It's really painful watching this happen to people you love.
Sorry to hear about these kinds of difficulties in your family. It must be hard to bear. There's not a whole lot to be done about it either, unfortunately. Nobody knows how to make somebody get younger, and medicine still has only very limited power to help with many diseases.
This brings up the question of saving for retirement. Is long term care insurance a good investment? How much money should one invest to be confident that one will cover basic expenses like health care? How much to invest is a question with two flavors: while working, how much present expense to forego in order to stash more in the bank, then at the larger scale, how much should one make career choices based on making money to be able to save for retirement, versus work that could be more immediately rewarding, that one might even do for free.
There are three layers to this kind of question, I think. For starters, no guarantee of living to any very old age, so sacrificing every present reward for planned future reward, that is surely a big gamble. Got to be some balance there.
Secondly, very hard to predict health care costs or what kind of return one might get on investments or what about inflation.
Thirdly, with peak oil and global warming and all the rest of it, really even more absurdly impossible to predict what an investment today will yield in 20 or 40 years.
Taking care of one's mental and physical health, investing in community, these seems like sound investments that will pay off today as well as tomorrow. Slam dunk, just do it. But it starts to get murky fast.
I hope you can at least spend a little time with your mom and trade stories and enjoy each other's company a bit despite all the physical challenges.