My FIL/MIL are. FIL has a 401k, they have lots in savings, I know they have insurance and retirement accounts, plus FIL will have a pension fund when he retires from his job (he works for Halliburton--just had his 25th anniversary a couple years ago).
My parents on the other hand, didn't plan well at all. No retirement accounts, there is only dad's pension check from the Army. They are both retired and get SS and medicare now. He tried to qualify for VA benefits, but they turned him down. My dad drank all his money away. What didn't go to beer went to paying for medical bills for ailments (including surgery) caused by all the drinking.
I'm not close to my parents really, but I feel kind of bad for them. Is there something that they can do to improve their situation?
Answer by LovingSAHMommy at 9:31 PM on Jul. 11, 2010
Answer by musicmom08 at 9:24 PM on Jul. 11, 2010
Answer by laciD at 9:25 PM on Jul. 11, 2010
Answer by MamiJaAyla at 9:25 PM on Jul. 11, 2010
Answer by KTMOM at 9:33 PM on Jul. 11, 2010
Answer by Aqua_Jen at 9:49 PM on Jul. 11, 2010
Answer by musicmom08 at 11:13 PM on Jul. 11, 2010