Last week I was asked to evaluate an older couple’s assets to see for how long they could get by. The very bad news was that it was only 13.3 years. Given the fact that they were 74 years old, this doesn’t seem alarming. But it is. The husband had Parkinson’s disease a progressive debilitating condition. My projections were based on their lives and needs remaining constant. Should he need 50% more in home care than he currently uses (20 hours a week), that figure goes down to 6.5 years of money. That’s it. I was told that there is longevity on both sides of their family. Indeed, this woman left her mother of 98 back in Pennsylvania.
This couple moved to California despite the fact that their children told them that they would not care for them in their old age. Surprisingly, this was music to my clients’ ears. They really did not desire to be a burden to their children. But, what will happen in 2021 when she is still in good health, but not strong enough to work. She will be out of money. How will she eat? Where will she live? Will her children abandon her?
This is what is happening in Japan. The BBC reported on the amount of theft by displaced and impoverished seniors in that county. I usually do not post links in my blogs, but is fascinating. At a minimum, it should cause you to think about whether your fingers will grow glue.


































