Elder Index Measures the True Cost of Retirement
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Q. My husband and I plan to retire in the next 5-10 years. We’ve been saving, but we’re not sure we have enough to retire comfortably. Is there any one place to look at all of the costs of retirement to figure out how much we will really need to retire in the DC Metro area, as well as possibly in other parts of the country? Thanks for your help!
Critter Corner: Caregivers and Planning for Retirement
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I stopped working full time when I was 45 to begin caregiving for my mother and it's been fifteen years now. I have worked part time jobs here and there, but I have nothing that’s going to provide me any type of pension income (other than a small amount of Social Security income) when I completely stop working. I hope to completely retire some day, but I lost a lot of income by leaving the workforce
so young, and my mother’s assets have all been mostly used up to pay for her needs over the years, so I’m not expecting any inheritance. I'm sure a lot of caregivers are in my position, trying to juggle responsibilities and save enough money while making ends meet. What tips can offer to people like me?
Order Books by Evan Farr, 4-Time Best-Selling Author
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Certified Elder Law Attorney and Medicaid Asset Protection Expert, Evan H. Farr, CELA, has written four best-selling books in the field of elder law. For more information and to order, click here.
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