Baby Boomers

otohara

(24,135 posts)

4. Nope

Sun Dec 11, 2011, 01:58 PM

Dec 2011

Plus, we just got news of a devastating downgrade to our health insurance - if one of us got sick and had to go to the hospital now, our savings could be wiped out due to the outrageous costs of hospital care. My friend who had a minor stroke went to the emergency room, had a few tests to confirm if it was a stroke and it cost $30,000. He's now facing foreclosure for one hospital visit.

This is the crisis that many boomers will face as we age and get sick.

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Issues for Boomers: can you afford to retire? [View all] OKNancy Dec 2011 OP

Working part-time as independent contractor Turbineguy Dec 2011 #1

I retired four years ago with virtually nothing in the bank. Speck Tater Dec 2011 #2

Not really proud2BlibKansan Dec 2011 #3

But once you are on Medicare it will SheilaT Feb 2012 #14

Yes but that's a long time after I retire proud2BlibKansan Feb 2012 #16

In which case you are retiring SheilaT Feb 2012 #17

Nope otohara Dec 2011 #4

No. BiggJawn Dec 2011 #5

No, but I've been unemployed for 3 years so it's a moot issue for me LiberalEsto Dec 2011 #6

Can't the kids pay their own loans? SheilaT Feb 2012 #15

I wish they could! LiberalEsto Feb 2012 #18

I have some similar issues with the kids. annabanana Mar 2012 #19

absolutely agree LiberalEsto Mar 2012 #20

I'm going to be okay. SheilaT Dec 2011 #7

i am retired shanti Dec 2011 #8

Almost there. sinkingfeeling Dec 2011 #9

Perhaps - we are trying to figure that out right now. NRaleighLiberal Dec 2011 #10

retirement is lookin pretty distant for us. Howler Dec 2011 #11

Not yet Generic Brad Jan 2012 #12

If I move to another country, perhaps in Soth America. bikebloke Feb 2012 #13

I retired last year MrYikes Apr 2012 #21

Retired and never looked back FOBS May 2012 #22

Welcome to DU! Paulie May 2012 #23

Retire? Hahahahahaha schmice May 2012 #24