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Old 03-25-2018, 11:02 AM
 
1,291 posts, read 294,016 times
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Quote:
Originally Posted by charlygal View Post
Care is available but the issue is choice and quality of the places that accept Medicaid. Some good, some bad.
Are there facility reviews out there? There's got to be a way to discern.
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Old 03-25-2018, 11:12 AM
 
4,649 posts, read 6,487,389 times
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Look at life insurance with living benefits.
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Old 03-25-2018, 11:16 AM
 
Location: Philadelphia/South Jersey area
2,879 posts, read 1,408,105 times
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Default absolutely

Quote:
Originally Posted by ncguy50 View Post
I really don't think it's futile to save for retirement. What _IS_ futile is pining for a guarantee in life that simply doesn't exist. People might think socialized medicine is the answer but you truly are just an actuarial concern in that system.

I plan on having quite a few good years before the inevitable. I don't know what the future holds, but I'm going to prepare as much as possible and I'm certainly not going to fret about it. Constant worrying cannot be healthy for you.

Maybe we can all create foundations or some legal construct which shields some portion of our assets. I do agree that medical care should not completely wipe you out.
I do share some of the Op's frustration. 1st there are so many horror stories. even here. remember a while back when all the prognosticators were tell you that if you did not have a million dollars saved you were doomed to eat cat food? yeah right.

Now I find that's true with health insurance. all you hear is if you don't have ltc insurance, forget it, you'll be wiped out and end up on welfare back to eating cat food.

then once you finally think you've got a handle on the acquiring stage lol BAMM turn around and now you have to worry about what's going to happen after you retire. lol, are fees going to eat up your retirement, is the stock market going to tank leaving you penniless. on and on and on.

It can be depressing. some times I want to say "when the heck do I get to sit back and just chill"?
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Old 03-25-2018, 11:25 AM
 
71,735 posts, read 71,829,507 times
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it never ends. once you get all the pieces of the puzzle in place then you have to worry about markets holding up so you can pay for the insurances and generate the income to cover the various parts ..
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Old 03-25-2018, 11:48 AM
 
1,291 posts, read 294,016 times
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Quote:
Originally Posted by mathjak107 View Post
it never ends. once you get all the pieces of the puzzle in place then you have to worry about markets holding up so you can pay for the insurances and generate the income to cover the various parts ..
I gotta believe markets are going to hold up in the long term barring a nuclear war or some other crazy catastrophe. But that does little to assuage anxiety in the short term. Right now I have very limited market exposure and I'm thinking this is going to be my retirement posture as well. We'll see.
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Old 03-25-2018, 11:55 AM
 
Location: Tampa, FL
27,798 posts, read 26,231,496 times
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Quote:
Originally Posted by ncguy50 View Post
I gotta believe markets are going to hold up in the long term barring a nuclear war
tax break for corps will bring a long term benefit but
very hard to say with the trade war with China - I'm skeptical ---
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Old 03-25-2018, 12:12 PM
 
11,145 posts, read 8,555,795 times
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Quote:
Originally Posted by ncguy50 View Post
Are there facility reviews out there? There's got to be a way to discern.
Discern what? There are 10 nursing homes in your area and only three will take Medicaid. Two have bad reviews and one has good reviews. The good one is full with a waiting list. Your only Medicaid option is either of the bad ones. What do you do?
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Old 03-25-2018, 02:04 PM
 
Location: minnesota
6,352 posts, read 2,127,207 times
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Quote:
Originally Posted by Lizap View Post
Savings allows you to be able to make choices you otherwise couldn't make. I promised my mom I would not put her in a nursing home. She had an excellent pension, SS, and some savings (which allowed me to honor her wishes by hiring sitters).
That's how I see it too. Being able to pay for the services be it a LTC policy or out of pocket or both gives a person choices.
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Old 03-25-2018, 02:31 PM
 
29,788 posts, read 34,885,423 times
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Quote:
Originally Posted by L8Gr8Apost8 View Post
That's how I see it too. Being able to pay for the services be it a LTC policy or out of pocket or both gives a person choices.
Bada Bing!
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Old 03-25-2018, 02:38 PM
 
29,788 posts, read 34,885,423 times
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Quote:
Originally Posted by ncguy50 View Post
Are there facility reviews out there? There's got to be a way to discern.
Not sure if this has already been linked. If not just what the doctor ordered

https://www.medicare.gov/nursinghomecompare/search.html
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