Gyroscopic Investing

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.

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.

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!

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.

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.

craigr wrote: Please stay on topic.

My apologies for participating in the thread hijack.

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.

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.