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Author: matthewgoss Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19257  
Subject: Re: Long Term Care Insurance Date: 2/23/2000 8:40 PM
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Jasmada,

First let me say that I am 24 years old, so custodial care is far in my future if it ever is to be. Second I personally believe it is wrong to dump your parents in a nursing home when they spend 20+ years raising and caring for you. If, however, you decide to place a parent or other relative in a nursing home for whatever reason, I believe it to be YOUR responsibility to pay for that care. I also believe that no one should hit the inheritance lottery when anyone dies, and have advised my parents that if they feel I am entitled to any portion of their estate upon their death that I will promptly donate the money to their favorite charity.

I may have what are termed lately as "traditional" values, but I believe that FAMILY comes before the plant that dad works at, or Mary Kay Cosmetics. I am making investments now that will ensure my retirement long before I start a family because I believe that kids need not only a full time mom but also a full time dad. Family paradigms have definitely shifted in the past 50 to 100 years, to the point where family is the final priority, not the first. I hope to be part of a new life model that includes young people working until age 30-35 and then taking a 20 year hiatus from employment to ensure the full time education of their children, and then return to work. This is entirely possible if your future has been planned accordingly. I plan to retire from the work force to raise my family and then return to full time activities involving voluteer work for the betterment of humanity. This is a personally and socially responsible choice that I hope others will imitate. Today's society lacks personal responsibility due to the socialistic attitude of our government, which thru the services it provides to "help" the "needy" eliminates the need for strong family ties that have been replaced by social programs, and that is something I hope to change as well. If the issue is that children cannot afford to place their parents in a nursing home or pay for assisted living, I think the solution is to change the way we live and not the way we pay for it (i.e. care for our parents instead of worrying about long-term care insurance).

As to your argument that kids can barely afford to pay for their own needs, if this is true then they have CHOSEN to live irresponsibly, and have no one to blame but themselves. I only wish we saw more young people at the Fool making sound decisions about their future.

In case you are wondering, I AM wise beyond my years because I am a very observant person and choose to learn from the mistakes of others as well as my own, and firmly believe I am a 52 year old man trapped in a 24 year old body.

Matt :)

P.S. Thanx for the reply, you gave me a soap box to stand on!

P.S.S Did not realize this board was for retirees! Guess maybe I don't belong here but you may find the views of a young'n interesting...
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