Nursing Case Study Essay

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The Blake’s have the issue of determining how they are going to save for retirement while still helping pay for their children’s college education and Fran’s mother’s care. The need to secure the future (security during old age), especially in the situation of limited economic activity, is one of the basic human needs (Szczudlinska-Kanos & Peter-Bombik, 2016). While making sure that their children are able to afford college and assisting Fran’s mother are both important, ensuring that they have sufficient income after retirement takes priority. Patrick has a savings/income issue. He was unprepared to be without a job for longer than 3 months. This also means that Patrick is likely unprepared for unexpected expenses such as a flat tire or broken …show more content…

and Mrs. Blake there is lots of missing information. First, how much is their daughter’s tuition? Does she have any scholarships? Is she eligible for other financial aid? Next, will their son even attend a college or a trade school? If so, will he have scholarships or financial aid? The next set of questions is in regards to Mrs. Blake’s mother. We will need to know how much of her mother’s care the Blakes will be responsible for. Finally, how much have the Blakes saved for retirement and how close are they to retiring. We would need to analyze their budget and determine if the amount they are saving will support them throughout their …show more content…

Their children should be able to apply for scholarship and other financial aid. I understand that as parents they do not want their children to have to pay for college or leave college with debt. However, it is in their best interest to have a sufficient amount of savings for their retirement. To ensure that they do not run into similar issues in the future, I would suggest that they restructure their current savings plan. They need to have enough funds saved for retirement to not only support them in day-to-day life but, also be prepared for unexpected

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