and a bit bored. I decided to read up on how much retirement homes cost, and I had no idea the cost could be so ridiculously high. I mean, anywhere from $3000 to $5000 on up per MONTH high!
Of course, these are the nice communities where they have gardens, swimming pools, and yoga classes. Also, I think government insurance will cover some of that? I am not sure how much so. Anybody know?
Still, all I can think of is how much cheaper I can live simply on my own... which I will probably end up doing. Hard to say right now since it's still something that's so far away in my mind.
Then again, Fruggies are well-known for planning ahead. So, just for discussion sake, anybody here ever thought about this yet? Any ideas for a frugal retirement?
Oh, and I hope everyone had a nice Thanksgiving! I am easily avoiding the Black Friday hub bub by... simply having to work haha.
I must be getting old...
November 29th, 2014 at 02:17 pm
November 29th, 2014 at 10:15 pm 1417299338
Medicare offers a variety of health insurance plans which you pay for, of course. If you're broke and have no assets, Medicaid will pay for you to live in a nursing home; it will not pay for an assisted living community.
November 29th, 2014 at 11:32 pm 1417303974
November 30th, 2014 at 12:08 am 1417306088
My husband's Grandmother is an exception. She lives in a retirement community rental - not luxurious at all - but they provide meals and I believe they may provide some medical services. I do not know for sure about that since she is so spry and doesn't need any medical assistance, but it seems like most people there are 100+. They probably offer some medical services for those who need it. Anyway, it's crazy insane expensive just because of the part of the country she is in. I mean, the cost is comparable to what any rental would be, with meals provided. I don't believe this is a route any one really money conscious would choose. In her case, maybe she never expected to live this long. She's been there 13 years, she's 90, and she will easily be there another 13 years. She may eventually have to consider something less expensive. Whether that means moving in with family or moving somewhere near us where housing is 2/3 cheaper.
November 30th, 2014 at 02:14 am 1417313663
November 30th, 2014 at 12:36 pm 1417351015
November 30th, 2014 at 09:16 pm 1417382171
The complex near us has services on the main floor of the apartment bldg., hair dresser/barber shop, mini mart, dry cleaner stn./alteration, and they is a largish strip mall [90 stores] across the street. What do you think you want, need, enjoy in that phase of your life?
December 1st, 2014 at 02:08 am 1417399721
December 1st, 2014 at 12:26 pm 1417436809