Probably good advice with the exception of spending everything you’ve saved...How many of us aren’t concerned about the $$$$ that will be needed for our healthcare which could include assisted living? The person who put this list together obviously thinks it won’t happen to him/her...It usually does and who is going to pay the $5,000 - $10,000 per month for that care if everything one has saved was spent according to this list? If you want a shock, check out the costs in your area. You won’t want to spend a penny unnecessarily after looking at those figures..
I can see with friends/family it doesn’t really matter how well one has prepared for that eventuality. No - my advice is to NIX the first idea on the list...
Yep. Assisted living in our area is well over $300/DAY, closer to $400.