Assisted living is extremely expensive. My mom paid nearly $8,000 a month. That said, I doubt the Holiday Inn will provide help with lifting, toileting assistance, bathing, medications and such.
I hope the guy stays healthy or his plan is not going to work.
“That said, I doubt the Holiday Inn will provide help with lifting, toileting assistance, bathing, medications and such.”
Medicare and Visiting Angels would take care of it,
“Assisted living” is a scam.
Had friends who owned a couple of facilities in Southern California. They were hyper wealthy. Every year they had to attend the BoD meeting and it was anathema to them, even though they chaired it.
They made so much money fleecing the retirees, it was stunning. They laughed about it.
Anyone can do the arithmetic. The absurd amounts paid compared to the “care” you get is, well, absurd.
The retirement homes are complete scams designed to separate the retirees from as much of their pensions as possible and put it in the pocket of smirking trash.
The guy is doing the right thing. If he ever gets to the point of needing real “assisted care” he can hire a temp service to stop by twice a day. It’ll still cost him about half what the scammers charge.
“Assisted living is extremely expensive.”
And being around nobody but people my age or older would be a supreme pain in the ass.
Before my mom died at 100, her assisted living facility was nearly $12,000 a month! She lived there for 10 years.
It will work until his health gives out, at which point he will have a lot more money left that he would have if he had chosen "senior care" to start with.
What is not to like about that?
It would be more practical to stay in your home. (I still have a mortgage, but in 20 years I won’t). Once the mortgage is paid, my insurance is 1301 a year and the taxes are 2100 a year (in Florida for 2,000 square foot single family). Even if they taxes triple, it would still be cheaper. When he needs assistance, he could sell his him and have enough to stay at the facility till death.
Yup. If you have a home, savings account, stocks, bonds, that sort of stuff, you have to cough it all up to them also. You get to keep enough to buy a candy bar every day.
“I hope the guy stays healthy or his plan is not going to work.”
It’s not about assisted living, but retirement living — no property maintenance, no lawn care, minimalism. In this case, no housecleaning and free breakfast, too. Just lunch, dinner and laundry.
I suspect someone staying at the HI would find it easy to hire support service for less that $8000 per month.
Exactly as long as healthy not a problem. Once you are not it’s not a viable option
Hi, mplsconservative-!
“I hope the guy stays healthy or his plan is not going to work.”
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Most likely it will actually help him with the funds should he eventually have to go into an Assisted Living Center.
He’s saving money each day/week/year and banking it. So that’ll make more funds available for when it comes to the point of actually not being able to take care of himself.
Until then, he’s living, I mean really living, not being told what to do, when to do it and he can enjoy the grandchildren if they want to visit. Not many Assisted Living Centers will let grandchildren into their pools. LOL
I read this article earlier and told my beloved about it. We own our home and plan to have visiting nurses should the time come. We simply cannot see signing over a home we’ve paid for only to have to worry about what happens when an Assisted Living Center decides the value of the home has become out spent by the time in the Center.
We have a wonderful neighbor and she went into an Assisted Living Center and about 6 months later, she was gone.
Sigh. I think it was from sheer boredom. And the place she stayed was/is a nice place. She just became ‘old’ being in that place.
It know it’s always a tough call to make, though.
My MIL is at the family home and has doctors come to see her and a visiting nurse. The 2nd oldest bother is staying at the home and he along with the 2 sisters are really good about monitoring her finances and medical needs.
Still, that’s in NY and no way, no how, are we going back up Northeast.
We’re Texas-rooted and really like to live out our lives here.
Who moves into a retirement home at age 64?
Agreed. Most of the cost in assisted living is for the help you’re getting.
You’re still an independent person but the daily activities of living become harder and more burdensome.
I’m spared having to cook, to do laundry and to clean, I can just enjoy life.
Just perfect for me after having a heart surgery that’s depleted my strength.