In view of the fact that we work 24/7 with no breaks, it seems difficult to arrive at a wage that reflects our time.
Consider the overnite hours: while we mostly are sleeping, we are still on call and rise to demand when needed.
Up to now I have reported my income as “personal care in lieu of rent” on applications for food stamps and Medicaid. I want to affix a dollar amount now in order to draw up a care contract.
I live with my 93yo mother in her home which is paid off and she often feels bad because she can’t pay me. So she insists on paying for groceries and utilities herself.
(I often think how I’ve not paid into social security these past ten years, or have any other job related benefits.)
I do most of the spending and see that this is unrealistic as she runs short about $100 a month, so I use my retirement to make some purchases and I pay for any repairs and upkeep like lawn care.
Anyway, all this is in anticipation of having to be accountable when it comes time to apply for state aide, as she has no long term care coverage.
Please enlighten me. The only other preparedness in place is a will, a durable power of attorney, and she’s put her house in a trust with my older sister as executor and poa.
PS: my retirement is negligible as I was a homemaker and cannot collect spousal benefits until my exhusband becomes of retirement age in a couple of years. FYI