I will not go into a nursing home...I will not go through hospice, everyone is well aware I am going out on my terms.
Unfortunately there is no clearcut way to insure that happens. We are all simply one bad stroke away from serious disability. Spouses are not always able to perform at home care. States do not always offer the best at home coverages. Waiting lists. Small reimbursements. Sometimes the care facility is the only way. And that, my friend, will tap assets in a hurry.
I forgot to say the same, anyone who says “they aren’t going into a facility” is being incredibly naive!!! Many never have a choice and I can give about 50 diffeent examples where you have no choice.
And if this happens you’ll be damn happy you have a paid for house that isn’t leveraged.
anybody that plans on going into a facility ......you do see how they get treated in those places ,don't you? have at it.....bob
I will type slower: I don’t wish for myself or others to need to go to one of these places, but sometimes you don’t have a choice. That’s my point!
And Jim you also miss the point, I’m trying to illustrate that having more liquidity and free cash gives you more options down the road versus overspending your budget. It’s called living within your means. 😄
