Search found 1963 matches
- Sun Apr 16, 2023 9:20 am
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
You might be able to get a directive to not feed you, then when you start starving/dehydrating, be put into hospice (morphine drip). Hideous. Maybe I should get that Wingsuit. Yes, advance directives are very important and you should get that done. Make it as specific as you can, because many of th...
- Sat Apr 15, 2023 10:45 am
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
You might be able to get a directive to not feed you, then when you start starving/dehydrating, be put into hospice (morphine drip). Hideous. Maybe I should get that Wingsuit. Yes, advance directives are very important and you should get that done. Make it as specific as you can, because many of th...
- Sat Apr 15, 2023 10:41 am
- Forum: Other Discussions
- Topic: Another Covid thread (2023 April)
- Replies: 7
- Views: 1281
Re: Another Covid thread (2023 April)
Sophie, I'd still love to hear your thoughts about the COVID vaccine in general if you feel inclined to share them with us. But if not, I understand why you might not care to respond. The political environment we live in does not allow for the safe and free expression of opinions. Certain topics ha...
- Fri Apr 14, 2023 5:53 pm
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
One of the biggest problems with Alzheimer's is that the victims have no insight into their condition. They could be standing in an unheated house with no food in the fridge, poop all over the floor etc, and they will insist they're managing just fine and don't need any help. A trueism in neurology ...
- Fri Apr 14, 2023 2:04 pm
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
Yes that's part of the problem. Which children are you going to count on to take care of you in old age, when they're part of a generation that currently can't take care of themselves? Back in the day, children did indeed help take care of elderly parents, but it wasn't something that could go on fo...
- Thu Apr 13, 2023 3:38 pm
- Forum: Bonds
- Topic: What happens to I-bonds if rates plummet again
- Replies: 46
- Views: 50616
Re: What happens to I-bonds if rates plummet again
I've got a big slug of cash in I Bonds, built up slowly over the years. I just bought them automatically each year, and then this past year - jackpot. The returns are still way better than anything else right now, including stocks. And....tax deferred! You don't buy these for their current interest ...
- Thu Apr 13, 2023 8:57 am
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
Some of those 15k/month places will take your estate, then keep you after you've burned through it at 15k/month rate, so it works out to less 15k/month. Also avg life span in nursing home is 2 years. Once you burn through your savings, you get put on Medicaid. If you had a private room you'll be mo...
- Wed Apr 12, 2023 5:38 pm
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
Sorry I've been away for a bit, indulging in some Mom care.... As per usual, Maddy asks some really good questions. My answers below. The tenor of this discussion is revealing that it is not saving for retirement that is the problem; it's saving for medical care. <== TRUE!!! The retirement savings a...
- Fri Apr 07, 2023 2:37 pm
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
All any of us can do is to do our best and we’re going to end up with whatever we end up with. People have been retiring that way forever. That they have. But several things are different now. First, people are living longer while getting substantially less healthy. That means far more time spent n...
- Thu Apr 06, 2023 12:39 pm
- Forum: Bonds
- Topic: When is it time to load up on bonds.
- Replies: 40
- Views: 41890
Re: When is it time to load up on bonds.
Here's a big reason why I've been having a really hard time with the PP's bond allocation: That is the one asset that truly is dependent on the US dollar being the world's reserve currency. Long bond rates are lower than the Fed would like because they are the universal flight from the stock market ...
- Thu Apr 06, 2023 12:09 pm
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
Thanks @boglerdude! I found something similar in northern NJ, where my mother lives: Fox Trails. They have similar houses in the community and they specialize in dementia care for small groups. Cost was about $7-8K/month but they had a much better staffing ratio (3 aides to about 20-30 residents) th...
- Wed Apr 05, 2023 1:03 pm
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
CCRC's are a response to an almost intolerable situation that is guaranteed to get much worse over the next 20-30 years. I agree that a CCRC could be a risk if it suddenly implodes or gets mismanaged, but that's true of just about any arrangement you might make. You can move on from other arrangeme...
- Wed Apr 05, 2023 1:00 pm
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
Hiring privately means finding aides who aren't employed by an company providing formal home care that is registered with the state. They may be entirely independent, but more often I've found that they work in organized groups with usually one person acting as a matchmaker. This gives them many of ...
- Wed Apr 05, 2023 11:19 am
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
Did your friend catch anything on tape? Yes, apparently quite a bit. Great idea about the tape recorder. Of course, the nursing home could claim that the tape is inadmissible because I'm sure they have a rule against unapproved listening devices. And they'd probably win. I think you have to get per...
- Tue Apr 04, 2023 12:47 pm
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
I did have a great offer some months back for a live-in aide, but sadly Mother wouldn't have anything to do with that. Same for carers - refusal as 'get out - my son will do all of that'. Oh how I relate to this too!!!! It took my mother falling and breaking her pelvis to get an aide into the house...
- Tue Apr 04, 2023 12:31 pm
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
The existence of those commercials indicates to me that this is a serious and ongoing problem, rather than that bad stuff doesn't happen because of the threat of lawsuits. The fact that terrible nursing homes exist would seem to indicate that the mechanism of state penalties / governor embarrassmen...
- Tue Apr 04, 2023 12:20 pm
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
CCRC's are a response to an almost intolerable situation that is guaranteed to get much worse over the next 20-30 years. I agree that a CCRC could be a risk if it suddenly implodes or gets mismanaged, but that's true of just about any arrangement you might make. My mother picked me to manage her car...
- Sun Apr 02, 2023 10:36 am
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
$5600/month ($1400/week x 4) is already miraculously low cost compared to prices around here. And yeah, I doubt that "better" means anything anymore, because all the nursing homes (including euphemisms such as "memory care") are understaffed, or staffed with "quiet quitters&...
- Sat Apr 01, 2023 6:51 pm
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
Re: How much to save for retirement
Thanks for posting that Tyler! I took a peek through the report you linked to, and it still cites figures by account balance, not total of all accounts per person. For example see this sentence: "The average account balance of those families owning IA plans increased from $79,262 in 1992 to $25...
- Sat Apr 01, 2023 1:25 pm
- Forum: Other Discussions
- Topic: How much to save for retirement
- Replies: 101
- Views: 98653
How much to save for retirement
Everyone's favorite topic! A recent WSJ article put this onto my radar - claiming that most Americans have such small retirement savings (median is $266K/person) that we are headed for a disaster. Especially with Social Security set to run out of money in 2033, forcing 25% cuts if Congress does noth...
- Thu Mar 23, 2023 10:00 am
- Forum: Permanent Portfolio Discussion
- Topic: I'M OUT!
- Replies: 64
- Views: 79043
Re: I'M OUT!
Take heart, Maddy, all is not lost! In one of his books, Harry Browne made it very clear that he designed the Permanent Portfolio to deal with exactly the disruptions to the market & economy caused by the Fed and other central bank "planners" that you describe. If it weren't for them, ...
- Sun Feb 19, 2023 8:50 am
- Forum: Bonds
- Topic: What happens to I-bonds if rates plummet again
- Replies: 46
- Views: 50616
Re: What happens to I-bonds if rates plummet again
Maddy, a few more corrections to your understanding of Series I bonds.... First, they are 30 year bonds in which all interest is tax-deferred until either you cash in the bond, or the bond matures (at 30 years). That itself is incredibly useful, as it's effectively an extension of a traditional IRA ...
- Sun Feb 19, 2023 8:20 am
- Forum: Cash
- Topic: Best place for cash
- Replies: 7
- Views: 3355
Best place for cash
Hey all, greetings! A rare post from me today....still way too busy to do much more than check in occasoinally to read posts, but I do have a topic for the group to ruminate on. For the past decade, I've focused on building up cash reserves in my taxable investment account. Cash was ideal for taxabl...
- Sun Dec 18, 2022 11:43 am
- Forum: Politics
- Topic: Deep-State Lies
- Replies: 25
- Views: 3024
Re: Deep-State Lies
Yes and no. I'd like to see this forum back to what it was a few years ago before saying my piece on such a topic. Not to mention, the evidence that has emerged about the FBI directly involving itself in moderating/censoring online speech at Twitter indicates that excessive caution is probably a goo...
- Sun Dec 18, 2022 8:07 am
- Forum: Politics
- Topic: Deep-State Lies
- Replies: 25
- Views: 3024
Re: Deep-State Lies
Slightly related, with the twitter unbannings/revelations, weren't there a few conservatives people on this forum who should have been banned for a month instead of forever? This forum used to welcome conservative views, but that stopped being the case some time back. Even if the bans are reversed,...