Shocked by Senior Care Costs: My Retirement Plan Nightmare! 😱

Lately, I've been losing sleep over my retirement planning. As a financial analyst in my mid-40s, I thought I had everything mapped out for my wife and me. But then I learned that dementia rates in people over 65 are rising fast—possibly hitting 20% in the next 30 years. The cost of senior care, especially for dementia patients, can run into the hundreds of thousands per year in the US! 😨 Now, I'm stuck at work, distracted and anxious, trying to figure out how to model these potential costs into our FIRE (Financial Independence, Retire Early) number. Should I be setting aside a huge chunk just in case? Or am I overthinking it? My coworkers don't seem worried, but I can't shake the feeling that I'm missing something big. Has anyone else faced this dilemma? How are you factoring in the possibility of needing expensive senior care in your retirement planning? I’d really appreciate any advice or experiences you can share. 🙏 #RetirementPlanning #SeniorCare #WorkplaceStress #JobCareer #Career