Mia, here are some things to think about if one is trying to decide whether to quit work to care for an aging parent.... on average if a working person quits work he/she will lose over the years between $285,000 and $325,000 which includes not only loss of salary over those years... it also includes the net worth loss of the health insurance coverage.... loss of money being put into Social Security/ Medicare..... loss of other benefits such as matching 401(k).... profit sharing.... workman's comp insurance.... company sponsored life insurance.... vacation pay, sick pay.... tuition assistance, etc. [source: in part Reuters 5/30/12]
If you are lucky enough to get unemployment [as of last year 25 States offered such unemployment], claimants are unlikely to meet availability for work conditions while they are engaged in full-time family caregiving. Thus, you would need to keep job searching.... going on interviews... and if you turn down a job, your unemployment could stop.
I highly doubt it. You're not being laid off or fired, and presumably the retirement is voluntary. I would think your employer would challenge any claim you filed.
If you're considering retiring permanent, think again. You're jeopardizing your own future.
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If you are lucky enough to get unemployment [as of last year 25 States offered such unemployment], claimants are unlikely to meet availability for work conditions while they are engaged in full-time family caregiving. Thus, you would need to keep job searching.... going on interviews... and if you turn down a job, your unemployment could stop.
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If you're considering retiring permanent, think again. You're jeopardizing your own future.