Insurance

Other discussions not related to the Permanent Portfolio

Moderator: Global Moderator

notsheigetz
Executive Member
Executive Member
Posts: 684
Joined: Mon Aug 06, 2012 5:18 pm

Re: Insurance

Post by notsheigetz »

Pointedstick wrote: Unfortunately, that also describes the $85k nursing home my grandmother rotted away in. Dead in three years and rendered penniless and utterly humiliated.

Personally, avoiding nursing homes entirely is extremely high in my list of things to do. Those places are death houses where you go to get the dignity, wealth, and life sucked out of you.
Three years for $85k? My mother would consider that a bargain. She's been spending close to $100k/year for my dad's 1.5 year incarceration. And that's just an average facility. Talked to her the other night and she told me about his grilled cheese sandwich meal - ground up and pureed into soup so he doesn't choke on it.

I'm with you on avoiding this wonderful experience but you have to make serious plans to avoid not getting sucked into it. My parents thought they never would either but it happened to them.
This space available for rent.
User avatar
Xan
Administrator
Administrator
Posts: 4550
Joined: Tue Mar 13, 2012 1:51 pm

Re: Insurance

Post by Xan »

So...  What do you do?  I mean, if you reach the point where your grilled cheese has to be pureed so you don't choke, then there really isn't any way around it, is there?  Maybe the thing to do is aim for a sudden heart attack at 80.
User avatar
Ad Orientem
Executive Member
Executive Member
Posts: 3483
Joined: Sun Aug 14, 2011 2:47 pm
Location: Florida USA
Contact:

Re: Insurance

Post by Ad Orientem »

Xan wrote: So...  What do you do?  I mean, if you reach the point where your grilled cheese has to be pureed so you don't choke, then there really isn't any way around it, is there?  Maybe the thing to do is aim for a sudden heart attack at 80.
Paging Dr. Kevorkian!
Trumpism is not a philosophy or a movement. It's a cult.
notsheigetz
Executive Member
Executive Member
Posts: 684
Joined: Mon Aug 06, 2012 5:18 pm

Re: Insurance

Post by notsheigetz »

Xan wrote: So...  What do you do?  I mean, if you reach the point where your grilled cheese has to be pureed so you don't choke, then there really isn't any way around it, is there?  Maybe the thing to do is aim for a sudden heart attack at 80.
Based on another thread - eat lots of red meat. My dad preferred chicken so maybe that was his problem.
This space available for rent.
User avatar
Pointedstick
Executive Member
Executive Member
Posts: 8883
Joined: Tue Apr 17, 2012 9:21 pm
Contact:

Re: Insurance

Post by Pointedstick »

Ad Orientem wrote:
Xan wrote: So...  What do you do?  I mean, if you reach the point where your grilled cheese has to be pureed so you don't choke, then there really isn't any way around it, is there?  Maybe the thing to do is aim for a sudden heart attack at 80.
Paging Dr. Kevorkian!
That's my idea, personally. I would rather die early, with my dignity intact, than waste away to a shell of my former self, all the while impoverishing myself or my family.
Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant.
- CEO Nwabudike Morgan
User avatar
craigr
Administrator
Administrator
Posts: 2540
Joined: Sun Apr 25, 2010 9:26 pm

Re: Insurance

Post by craigr »

Please stay on topic.
User avatar
Ad Orientem
Executive Member
Executive Member
Posts: 3483
Joined: Sun Aug 14, 2011 2:47 pm
Location: Florida USA
Contact:

Re: Insurance

Post by Ad Orientem »

craigr wrote: Please stay on topic.
My apologies for participating in the thread hijack.
Trumpism is not a philosophy or a movement. It's a cult.
User avatar
MachineGhost
Executive Member
Executive Member
Posts: 10054
Joined: Sat Nov 12, 2011 9:31 am

Re: Insurance

Post by MachineGhost »

Xan wrote: So...  What do you do?  I mean, if you reach the point where your grilled cheese has to be pureed so you don't choke, then there really isn't any way around it, is there?  Maybe the thing to do is aim for a sudden heart attack at 80.
What you do is read this thread and not be a wuss: http://gyroscopicinvesting.com/forum/ht ... 3.msg46692

I fail to see how the future can be any surprise at all if you don't do anything to change it.  We can cut the slack for the Greatest Generation because they did not grow up in a time of scientific abundance, but the generations after that simply have no excuse whatsoever.

The best insurance is not needing it.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes

Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet.  I should not be considered as legally permitted to render such advice!
User avatar
rocketdog
Executive Member
Executive Member
Posts: 688
Joined: Fri Dec 07, 2012 3:35 pm

Re: Insurance

Post by rocketdog »

notsheigetz wrote:
Pointedstick wrote: Unfortunately, that also describes the $85k nursing home my grandmother rotted away in. Dead in three years and rendered penniless and utterly humiliated.

Personally, avoiding nursing homes entirely is extremely high in my list of things to do. Those places are death houses where you go to get the dignity, wealth, and life sucked out of you.
Three years for $85k? My mother would consider that a bargain.
I think he meant it was $85K per year, not for 3 years. 
The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.
- H. L. Mencken
Post Reply