[Ruger2506]

Originally Posted by AMB444

This is such a cool Plan B.

But as you say your wife doesn't like this plan. And you're plan depends on your back, knees, ankles not giving out.

Plus you and wife not slipping on the ice and breaking a hip. Plus your wife unhappy in MN living through 8 months of winter.

I'm from Wisconsin and Minnesota. Lets' not kid ourselves.

Nice thing is. I come from a world where family and friends got your back. And I could go back to that. I’m blown away here at how many people have nobody who has their back. No wonder they need multiple millions to retire.

[Aces4]

Originally Posted by AMB444

This is such a cool Plan B.

But as you say your wife doesn't like this plan. And you're plan depends on your back, knees, ankles not giving out.

Plus you and wife not slipping on the ice and breaking a hip. Plus your wife unhappy in MN living through 8 months of winter.

I'm from Wisconsin and Minnesota. Lets' not kid ourselves.

Lol, one can suffer a very bad fall in Florida on the cr*ppy sidewalks, not necessarily in The Villages. You're getting old and all I can say is watch the ground when walking.

[Aces4]

Originally Posted by Ruger2506

Nice thing is. I come from a world where family and friends got your back. And I could go back to that. I’m blown away here at how many people have nobody who has their back. No wonder they need multiple millions to retire.

We don't have multi-millions but we have no intention of having our children or friends take care of us due to poor planning.

[Aces4]

Originally Posted by Ruger2506

Florida Medicaid is an option for the healthcare issue. I believe it works like MN (which I'm familiar with). They don't care what your net worth is, they care what your INCOME is. So you could have a million in the bank but as long as you make "low income" you can receive the Medicaid. Pretty sweet option for those years between retirement and Medicare.

I believe that's a big ole loophole that requires closing.

[Aces4]

Originally Posted by vintageogauge

Yes, you can retire with one Million in savings/investments but do you want to live on a tight budget in a Historic District Mobile Home?

I didn't know that was a bad thing.. It's a very pretty area.

[Ruger2506]

Originally Posted by Aces4

We don't have multi-millions but we have no intention of having our children or friends take care of us due to poor planning.

Nobody said that. But you fall and hurt yourself or something like that. Where I come from you have friends that’ll go shoot a deer for you or split some wood for you or shovel you a path. That doesn’t take money. That takes loyalty and love. And that’s something money can’t buy.

Back to my comment, the one you were responding to. I cannot believe how many people move here and have no friends or family or loved ones. They’re all alone. I’d rather be p1$$ poor and have family and friends than have piles of money living in some lonely place.

[Ruger2506]

Originally Posted by Aces4

I believe that's a big ole loophole that requires closing.

Possibly. But until then, why not take advantage of it. The government’s gonna screw you. You must try and screw them back.

[AMB444]

Originally Posted by Aces4

We don't have multi-millions but we have no intention of having our children or friends take care of us due to poor planning.

Exactly. A frightening plan. I've seen this go wrong so many times.

[AMB444]

Originally Posted by Ruger2506

Back to my comment, the one you were responding to. I cannot believe how many people move here and have no friends or family or loved ones. They’re all alone. I’d rather be p1$$ poor and have family and friends than have piles of money living in some lonely place.

I'm from where you're from.

I completely understand the mentality of center Wisco.

You cannot believe how many people move here and have no friends or family or loved ones. But it happens.

[AMB444]

...

[CoachKandSportsguy]

Originally Posted by dewilson58

I've thought about that....................would you want to know??

I've decided, I don't.

Wasn't there a Twilight Zone show about that? "One for the Angels?"

[OrangeBlossomBaby]

Originally Posted by Ruger2506

Nice thing is. I come from a world where family and friends got your back. And I could go back to that. I’m blown away here at how many people have nobody who has their back. No wonder they need multiple millions to retire.

My parents planned for their family. It was a great plan, there was lots of funding to cover the costs of their last weeks, should they need full-time nursing care.

Unfortunately, those weeks turned into years, because dad had never been athletic and chose not to worry about physical fitness in his later years.

Fast forward - mom has a brain-bleed stroke, and spends the next three years having more mini-strokes, and dying, with the need for 24/7 home health care that sucked ALL of her "planning" funds away. Now dad's needing 24/7 home health care, and the doctors won't put him into hospice because he could live another 3 years. So much for all HIS "planning funds." There will be nothing left for us when they're gone, and we'll probably have to cover the burial expenses out of our own limited budgets.

Planning is great if you have multiple millions. If you have less than a million, and you assume you'll go peacefully in your sleep with no long-term care necessary, you're fooling yourself.

[CoachKandSportsguy]

Originally Posted by OrangeBlossomBaby

My parents planned for their family. It was a great plan, there was lots of funding to cover the costs of their last weeks, should they need full-time nursing care.

Unfortunately, those weeks turned into years, because dad had never been athletic and chose not to worry about physical fitness in his later years.

Fast forward - mom has a brain-bleed stroke, and spends the next three years having more mini-strokes, and dying, with the need for 24/7 home health care that sucked ALL of her "planning" funds away. Now dad's needing 24/7 home health care, and the doctors won't put him into hospice because he could live another 3 years. So much for all HIS "planning funds." There will be nothing left for us when they're gone, and we'll probably have to cover the burial expenses out of our own limited budgets.

Planning is great if you have multiple millions. If you have less than a million, and you assume you'll go peacefully in your sleep with no long-term care necessary, you're fooling yourself.

This is a very unfortunate position to be in, and sorry to hear about the prolonged care needed.

My mom is in a similar condition, excellent physical shape, mentally gone, until a broken hip, and still going strong though unable to perform any functions except eat a bit by herself, weight dropping monthly

So the cost of home health care was 2X + assisted living care, after 4 years, am getting my parents home ready for sale for funds. . . the downside of modern medicine, is that we live can live along time.

but this post is a very typical example of the axiom: most plans work, until they don't because the future is uncertain, sometimes very uncertain.

And most people don't know how or when they will die, just that we all will someday, not of our choosing

[Pugchief]

Originally Posted by OrangeBlossomBaby

There will be nothing left for us when they're gone....

This is indeed a very unfortunate situation, and I'm also sorry to hear about the prolonged care needed.

But it sounds like you have the expectation of an inheritance. Money your parents earned is primarily for their own benefit, not that of their heirs. You should never plan on receiving anything, and never be bitter if you don't. IMO.

[Ruger2506]

Originally Posted by OrangeBlossomBaby

There will be nothing left for us when they're gone, and we'll probably have to cover the burial expenses out of our own limited budgets.
.

Not sure how you intended that. I’m assuming not the way it reads. But it reads in a disgusting and selfish manner. That’s their money. Not yours. Who cares what they do with it, including it gets burnt up with late in life care.