Hi friends... I was about to return to work when my dad got sick. So I have stayed at home while we figure out how to make all of this work. My family easily needs to bring in at least 2000 more a month to make it work. We would easily be paying more than 2000 for a nursing home. I feel it is an equitable exchange caring for my dad and him paying me $2,000/month for full time care. My husband feels that he is our parent and that we don't take money from our parents to care for them. I need some outside input to see more clearly. Thanks in advance.
Good of you to want to care for your dad. But given his health conditions it does feel like a lot to take on. We all start out with good intentions. But I wonder if might be better to use your dad's $3,000 a month to arrange for assisted living or a nursing home.
Even if you are compensated financially for taking care of your dad. I wonder if that will add to your resentment and anger in the future somehow. You might even feel trapped at one point. If your father feels hurt about anything he might even say "but I'm paying you to care for me."
In my culture, you are just expected to care for your parents. My father never paid me a salary but I worked his care around my full time job. It did take a toll. In hindsight for me, I failed to see some of the pitfalls of caring for my father and how to resolve those pitfalls.
If you are in the states, not working and gaining social security benefits will affect YOUR retirement. How long would your Dad be able to pay you $2000/month? You would need an agreement in writing if you think that he may need Medicaid at some point (Medicaid is for low income folks. ) Are you able to care for your Dad 24/7 like the level of care he would receive in a facility?