I was talking to my mom tonight… she is getting a bit older, just turned 60 which is still young enough, but she is starting to have serious health problems. It is making her nervous with the economy because she works for the State which is very uneasy right now. They are talking furloughs or straight out layoffs. She is a single woman – has been since we were about 3. She is getting worried that with all these health problems that she may not be able to work as much, or get laid off because of the economy and she even talked about having to sell her house and where she would go. She never has worried like this before. I think when she hit 60 she kind of thought “wow, I’m alone, getting older and not sure what to do” which I think is very normal.
But that made me wonder. I’m only 35, and I know I have some years to go, but who is going to take care of me when I get older? The fact is, my mom would never want me to take her in, and she has clearly stated that. She is used to being alone and doing her own thing, and I think the thought of having to move to a townhouse, a condo or god forbid, an “elderly” living facility freaks her out. She is incredibly independent – too much so honestly. I feel exactly the same way – I don’t want someone to take me in either… which brings me to retirement funds. I don’t have $10 in my savings account, never mind anything for retirement.
At what point in your life do you realize that I have probably lived half my life and yet have nothing to show for it but an awesome child. My mother does have savings, although technically not enough to live on for the rest of her life, and she does worry about her financial well being., but at least she has something. She has a career, good credit, savings, and the means to do almost anything she sets her mind to.
I have nothing really… and it is starting to freak me out. It makes me nervous that my mom who seemingly has it all together would worry so much, and I have a lot less than her. When is it too late? You always here about how you can save a million dollars if you put X amount away every month, but it is always starting at 20 or 25. What about when you are 35 and don’t have X amount to put away.
I don’t know who I’m more nervous about… her (although she always lands on her feet) or me (who doesn’t)… either way, I feel for her for what she is going through. I would hate to have that “what if” feeling being 60 years old. God knows I hate having it now.






