Re: How much do you need to retire?

brii · ‎06-20-2010

On 1/14/2014 glb613 said:
On 1/14/2014 brii said: My father in law was in a nursing hime where he died. There was no distinction between Medicaid and non-Medicaid patients. There shouldn't be either, IMO.

There is a BIG difference between all private pay nursing homes and those who have public aid patients.

That was the only one I have ever been in. I have no experience other than the one my FIL was in

Sooner · ‎03-10-2010

On 1/14/2014 brii said: My father in law was in a nursing hime where he died. There was no distinction between Medicaid and non-Medicaid patients. There shouldn't be either, IMO.

Well, that would deprive some of us of the joy and satisfaction having a PRIVATE nurse change our diapers I suppose. See what you learn posting here?

pattypeep · ‎06-06-2011

As I posted earlier, my mother was in assisted living. When I signed her up she was on public assistance and got a private room right along side the other patients. When we sold her home, she had enough proceeds to pay for a few months (that's how we knew how much it cost), then when her home funds ran out and she went back on public assistance, she stayed right where she was. It was more like a private suite with bedroom, full bath, living room and small kitchenette. Most of these places are required by law to house a percentage of their patients that are on public assistance. She was very fortunate and had the same amenities that the other patients had.

Women and cats will do as they please, and men and dogs should relax and get used to the idea-Robert A. Heinlein

SurvivedOne · ‎11-04-2013

On 1/14/2014 Sooner said:
On 1/14/2014 brii said: My father in law was in a nursing hime where he died. There was no distinction between Medicaid and non-Medicaid patients. There shouldn't be either, IMO.

Well, that would deprive some of us of the joy and satisfaction having a PRIVATE nurse change our diapers I suppose. See what you learn posting here?

My grandmother is in a nursing home, doesn't have a private room, nor private nurses. She would NEVER want to be in a private room all by herself. She is too dynamic, positive and wants to be around others. She has had several other ladies as "roommates" over time as she call them. The staff, which are worth their weight in gold, are IMO angels. It is those that care day to day for the residents, patients that are the heroes and my family are beyond grateful for them every single day. There is tons going on in the facility so those that can partake do. My grandmother isn't able to a lot of the time, but when she is able she is so happy.

Sooner · ‎03-10-2010

On 1/14/2014 magicmoodz said:
On 1/14/2014 happy housewife said: Our financial guy said as long as we are only taking our growth out in our monthly payout we are good. We should not touch our original investment for our monthly allowance - just our earnings from that money - and we don't even take all that. BTW - we all got a pretty nice COLA raise from SS this year AND no increase in medicare.

happy housewife, can you help me understand something? Just when are you suppose to enjoy the fruits of your labor? I don't believe you have children, correct? Who are you saving that principal for?

I get that financial planners make money off of the size of your financial portfolio (and that is why I am very cynical when dealing with mine). But really, why preserve that money when you could be enjoying it?

Let me toss out this thought and see if it helps clarify your question--of course I cannot speak for sure about someone I do not know: Some people enjoy money for what they can do or buy or where they can go with it; Some people enjoy money. It makes them feel special just to have it, so they keep it and add to it. And yes, at the end of their lives the nursing home gets it and if you live long enough for them to get all of it, then you are on medicaide, but you probably won't know the difference by then any way. I say this because I have seen it up close and personal more than once.

magicmoodz · ‎03-16-2010

On 1/14/2014 Sooner said:
On 1/14/2014 magicmoodz said:
On 1/14/2014 happy housewife said: Our financial guy said as long as we are only taking our growth out in our monthly payout we are good. We should not touch our original investment for our monthly allowance - just our earnings from that money - and we don't even take all that. BTW - we all got a pretty nice COLA raise from SS this year AND no increase in medicare.

happy housewife, can you help me understand something? Just when are you suppose to enjoy the fruits of your labor? I don't believe you have children, correct? Who are you saving that principal for?

I get that financial planners make money off of the size of your financial portfolio (and that is why I am very cynical when dealing with mine). But really, why preserve that money when you could be enjoying it?

Let me toss out this thought and see if it helps clarify your question--of course I cannot speak for sure about someone I do not know: Some people enjoy money for what they can do or buy or where they can go with it; Some people enjoy money. It makes them feel special just to have it, so they keep it and add to it. And yes, at the end of their lives the nursing home gets it and if you live long enough for them to get all of it, then you are on medicaide, but you probably won't know the difference by then any way. I say this because I have seen it up close and personal more than once.

Sooner, you are right on the money -- pun intended! LOL

Money is an EMOTIONAL asset. What makes me feel good might not necessarily make you feel good and vice versa.

Burnsite · ‎03-10-2010

On a private room: anyone unfortunate enough to develop Alzheimers will not have much privacy anyway. The patients are locked into part of a care facility (they have to be--they wander). Inside the place itself, they are not restricted and they flow into and out of all the rooms.

Honestly, the place where my father recovered from his hip surgery, he was in a room with four beds, usually with only one other bed filled; and I think it was better for him. First of all, there were random patients "visiting" all the time even when he had a private room, and secondly, he had other families keeping an eye on him as well as our family, and we fed him 3 times a day.

There are certain illnesses where privacy means very little. My poor dad was not able to get up and use a bathroom.

I will make careful plans not to be a burden on my family, but I don't think I will care much whether I have a private room. A room with more beds _in a good facility_ is better than a private room in a bad one. Money doesn't equal excellence.

tansy · ‎01-02-2011

My mother had so many issues with roommates but especially with sharing a bathroom. We're all different.

brii · ‎06-20-2010

I would not want to share a room or a bathroom with anybody. That's just me. The hospital that we use had all private rooms with its own bathroom. There are also no restrictions on immediate family sleeping there. There is a recliner and a pull out bed in each room.