Do you have 1 million saved for retirement? May not be enough.

[mnhtnbb]

26. After my aunt died four years ago

my uncle moved into an assisted living facility in Pasadena. Rent was about $5K/month,
not much more than what it was costing him to keep up their house in Pasadena.
Sold the house--no mortgage. But my uncle was pushing 90 and within a year
he had so many falls at the assisted living place they insisted he have an aide
with him from 7 a.m. to 7 p.m. His monthly cost skyrocketed to almost $11K/month.
Eventually his only child, my cousin, came and moved him to Seattle where he lived. Tried to care
for him for about 6 months at home--too much for him even with home care help--back my uncle went
into assisted living. My uncle died just before Christmas last year at the age of 94.

He was fortunate that he had a great business in the boom years of California--electrical contracting
work on schools being built all over L.A. His wife was a terrific investor and they owned their
own house in a nice location overlooking the Rose Bowl. They paid about $60K for it in the early70's
and he sold it for well over $1M--no loan.

That situation--the timing of their lives and the boom years in California--is not going to be repeated.

If hubby and I don't live to be 90 something--and I don't want to--we'll probably be ok. But I definitely
worry for my 20 something boys and how they'll ever save enough for retirement.