Forum Discussion
pasusan
Nov 25, 2018Explorer
Jesseannie - kudos to you two - job well done. I don't think all the folks talking about planning are coming down on you - it's a good subject that has taken a life of its own.
As far as planning - sure it is important, but there should be the realization that unforeseen things can and do happen.
We know a farming family - the farm was going to be passed on to their son. The father had an unexpected debilitating stroke in his sixties and mom took care of him at home till she got unexpected alzheimer's. The care folks took the farm.
Another family - the wife got unexpected early alzheimer's. The husband took care of her at home until he couldn't. They didn't lose the house, but all savings were used up and the kids helped till she died.
We, ourselves are in a scary position. Yes we saved and didn't spend on unneeded luxuries. Worked for a major corporation for 38 years and contributed to pensions and 401Ks. The former blue chip company is completely on the rocks and looks like it might go bankrupt. Have you heard of how many people have lost their pensions? Certainly through no fault of their own.
Bad things can happen to good planners.
As far as planning - sure it is important, but there should be the realization that unforeseen things can and do happen.
We know a farming family - the farm was going to be passed on to their son. The father had an unexpected debilitating stroke in his sixties and mom took care of him at home till she got unexpected alzheimer's. The care folks took the farm.
Another family - the wife got unexpected early alzheimer's. The husband took care of her at home until he couldn't. They didn't lose the house, but all savings were used up and the kids helped till she died.
We, ourselves are in a scary position. Yes we saved and didn't spend on unneeded luxuries. Worked for a major corporation for 38 years and contributed to pensions and 401Ks. The former blue chip company is completely on the rocks and looks like it might go bankrupt. Have you heard of how many people have lost their pensions? Certainly through no fault of their own.
Bad things can happen to good planners.
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