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Old 10-11-2017, 10:00 PM
 
Location: Central Massachusetts
4,800 posts, read 4,856,396 times
Reputation: 6379

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Quote:
Originally Posted by LTCShop View Post
would you invest in a mutual fund that had a 30% chance of losing a quarter million dollars of your net worth?
No and I don't have to. I have a paid off house just at the moment that is valued between 400k and 500k and in a state where housing values are stable. That is all I need with all of my other income if I need to put either DW or myself into care we can start with our own net assets and sell the house to pay off what is needed. I know you might not like that but I think our area where we live is an up and coming city. It has a very good reputation and I live very close to downtown and I have land and privacy. It is a 5 bedroom 3 bath house with a 2 car garage and finished basement with place there for a 4th bathroom. I know some will say that it is just as speculative but I do not think so in the market we live in. It is a very sought after area and is fairly easy commuting to Boston with the major road there being enlarged. Does my daughter want the house? Nope! I asked. So there you have it.
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Old 10-11-2017, 11:08 PM
 
Location: LTCShop.com
236 posts, read 113,426 times
Reputation: 151
Quote:
Originally Posted by oldsoldier1976 View Post
No and I don't have to. I have a paid off house just at the moment that is valued between 400k and 500k and in a state where housing values are stable. That is all I need with all of my other income if I need to put either DW or myself into care we can start with our own net assets and sell the house to pay off what is needed. I know you might not like that but I think our area where we live is an up and coming city. It has a very good reputation and I live very close to downtown and I have land and privacy. It is a 5 bedroom 3 bath house with a 2 car garage and finished basement with place there for a 4th bathroom. I know some will say that it is just as speculative but I do not think so in the market we live in. It is a very sought after area and is fairly easy commuting to Boston with the major road there being enlarged. Does my daughter want the house? Nope! I asked. So there you have it.
we have a communication gap.
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Old 10-12-2017, 07:54 AM
 
216 posts, read 114,637 times
Reputation: 168
Quote:
Originally Posted by oldsoldier1976 View Post
No and I don't have to. I have a paid off house just at the moment that is valued between 400k and 500k and in a state where housing values are stable. That is all I need with all of my other income if I need to put either DW or myself into care we can start with our own net assets and sell the house to pay off what is needed. I know you might not like that but I think our area where we live is an up and coming city. It has a very good reputation and I live very close to downtown and I have land and privacy. It is a 5 bedroom 3 bath house with a 2 car garage and finished basement with place there for a 4th bathroom. I know some will say that it is just as speculative but I do not think so in the market we live in. It is a very sought after area and is fairly easy commuting to Boston with the major road there being enlarged. Does my daughter want the house? Nope! I asked. So there you have it.
Congratulations for having a plan. So many don't.
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Old 10-12-2017, 11:24 AM
 
Location: LTCShop.com
236 posts, read 113,426 times
Reputation: 151
Quote:
Originally Posted by Pintail07 View Post
Congratulations for having a plan. So many don't.
it's not unique.
that's the default "plan" for everyone:
"Liquidate assets starting with...."
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Old 10-12-2017, 11:36 AM
 
Location: Central Massachusetts
4,800 posts, read 4,856,396 times
Reputation: 6379
Quote:
Originally Posted by Pintail07 View Post
Congratulations for having a plan. So many don't.
Thank you. My wife and I talked about it a lot. We went over the numbers and looked at the statistics. It was not something we took lightly.
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Old 10-12-2017, 11:59 AM
 
11,999 posts, read 17,517,866 times
Reputation: 6093
Long term care insurance

Bought it when I was about 38 or so. Cost me around $650.00 per year.
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Old 10-12-2017, 04:24 PM
 
216 posts, read 114,637 times
Reputation: 168
Whenever a prospect tells me they have a plan and they are comfortable with it I congratulate them and move on down the highway, I may not agree, but I respect their decision.
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Old 10-12-2017, 07:37 PM
 
Location: LTCShop.com
236 posts, read 113,426 times
Reputation: 151
Quote:
Originally Posted by Pintail07 View Post
Whenever a prospect tells me they have a plan and they are comfortable with it I congratulate them and move on down the highway, I may not agree, but I respect their decision.
I didn't know you were "prospecting".
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Old 10-12-2017, 07:40 PM
 
Location: Central IL
15,253 posts, read 8,564,754 times
Reputation: 35698
Quote:
Originally Posted by mathjak107 View Post
i was surcharged about 900 bucks a year for being prediabetic after having a blood test in the diabetic range previously
Diabetic care and the many complications that can accompany it are quite expensive....
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Old 10-12-2017, 11:01 PM
 
6,353 posts, read 5,170,148 times
Reputation: 8528
Quote:
Originally Posted by LTCShop View Post
would you invest in a mutual fund that had a 30% chance of losing a quarter million dollars of your net worth?
I'm pretty sure I already have. The market was down 57% from the top in 2007 to the bottom in 2009 and I survived.
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