Why should I be saving for retirement when I think that money could be better used when I am younger?

I have seen my parent's savings dwindle from over $200K to almost nothing due to nursing home charges. What is the point of saving if it will all eventually end up as payments to a nursing home? I am retired and have some money in a 401(k), but would like to spend some of it while we are young enough to enjoy it. My husband thinks we need to not touch it. What should we do?

Retirement, Senior Care
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June 2017
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Finding a balance to meet your life's financial goals of today with fulfilling goals in the future is a challenge faced by many.  The question becomes even more emotional when one has seen a loved one die to early, or find them challenged to fullfil goals of travel and adventure due to physical or mental limitations.  

The choice is, of course, yours.  But expereince tells me that having money later in life allows you to better control your choices.  If you spend it all before you reach your most mature ages, you could be faced with living conditions, quality of care and medical support that may not be comfortable to you.  


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