[vg0va3]

Agree. Owning is an option we should all explore. I have explored that option and it just doesn’t work for me (today).

My plan is to buy into a retirement community. There is a purchase amount and then a monthly amount fixed for life. The type I am looking at is attached to apartments with assisted living quarters for later and a retirement home for when my wife and I can no longer care for ourselves. And of course, a cemetery next door.

FYI: moving expenses are $1100. Been here 6 years. Math works out to less than 1 visit to Dr. for hurt back from moving.

I get your point. Mine is that renting isn’t only for the poor living week to week. It can be a legitimate financial option for anyone with different life goals like you and me.

[kaila]

That sounds like a good option.Fixed, unchangeable costs . Just make sure that before you sign on the dotted line and make out that check to the retirement community you need to ask this question-
“What happens if I have a stroke right after I pay, does the money that I have just paid go to my nursing home expenses?”
My mother in law is in one of those retirement communities. She got in relatively young in age, so she has made back the money she put into rent just by living there for a long time However, if she required nursing home care, she would have to pay money to the nursing home ( which is part of the facility)on top of the money she had paid to buy in.
Or , buy long term care insurance.