My MIL is 61 and works in a high level administrative position with a law firm. She has been working various jobs in that field for roughly 35 years. Over the last 2 or 3 years, she has developed extreme issues with memory. For instance, when visiting she will ask the same question 5x an hour. She has told us that after working on a given case, the moment she sends it off she basically can't recall what she has just done or any of the details. While she is managing now by working extra hours, she wants to retire before she makes a major mistake or causes problems that other employees must clean up. It is placing her under a large amount of stress.
Currently, they will only go to homeopathic doctors, but that's another story.
She has a mortgage with a 269k balance, but no other debt. The house is worth roughly 500k. She has roughly 80k in savings and retirement, as she is very generous and has bailed her siblings out of trouble several times to the tune of six figures. Her husband works at a minimum wage grocery store job. They estimate they need about 4.5k a month in retirement.
My question is what options does she have for early retirement, given that she seems to have a medical condition preventing her from effectively working? Obviously 80k wont go very far, but are there other programs or options I can be looking in to? What is the process for medical retirement if such a thing exists? I would love and appreciate advice from anyone who has experienced a similar situation.
I am happy to provide any other information or clarify if more information is required.
Submitted November 30, 2020 at 02:47PM by Banyonwood https://ift.tt/2VjKmmf
