I've been helping my mother and step-father with pre-planning for a nursing/retirement home. Mom has 2nd stage alzheimers. I look at the money they have in savings and realize they have spent the last 20 yrs fixing up the home so it has "good resale value". New roof, new windows, new furnace, new flooring, new drapes The whole maryann. The money they have in savings might last a year if she goes into memory care -- maybe 1 1/2 yrs. All the traveling they could have enjoyed and they didn't do it. Realistically she will end up on Medicaid. She has long term care insurance but it will only pay out $3000 for 2 yrs, then he has to make pmts another 6 months and then it'll cover her another 2 yrs. $3000 is pennies in memory care units.
After the last jaunt to their house we got to thinking..... We can't leave our home for more than a week in the summer because of having to care for the place, we need to do maintenance even though we stay on top of it. We leave in the winter and worry about the house because of 40 below temps here. So.......why not travel, enjoy, sell the house, and then if we go to a retirement home, go on Medicaid faster???? After working in a nursing home, I know most homes do NOT tell the staff who is on medicaid or who is private pay. Maybe I'd get better treatment, who really knows......but if I get alzheimers, I won't really know.
This thinking may not set with some of you ---- but regardless, we're getting rid of "stuff" and going to put the house on the market next spring. The plus on this is we'll be able to stay in the town where my folks live for about $300. a month......yeah a win-win. Right now, the gas to get over there for all the trips we need to make will cost us that much!!!!!!
My mind is a garden. My thoughts are the seeds. My harvest will be either flower or weeds
Dee and Bob
plus 2 spoiled cats
On the road FULL-TIME.......see ya there, my friend