Quote:
Originally Posted by retiredguy123
Yes, but as I understand it, those who move from the independent living to assisted living pay a much lower monthly rate because of the initial buy-in payment. That seems to be a big sales pitch for the independent living building.
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Could be. That wasn't mentioned to us because MIL is at the point of needing assisted living now. However, the buy-in is something like $250k. It would take a lot of discounting to make that a good deal!
We know a couple who moved into a place in the Midwest with a buy-in when they were in their early 80's. He lived to be 105. I think she made it to 102 or 103. They got their money's worth.
Anyway, I just didn't want anyone to be scared off of Freedom Pointe's AL facility because they think it requires a large buy-in.
k.