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The Other Side of Retirement - After the Dance is Over !
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Retirement Planning
The Other Side of Retirement - After the Dance is Over !
<font face="arial, helvetica, sans-serif" size="1"><div>Wondering if you'll have enough for your retirement? Considering early retirement? These questions and much more are addressed in this investment plan, saving strategy-oriented message board.</div></font>
How many have you have planned for the other side of retirement - meaning what are your plans and the payment of such plans for your long term care, if the need arises? I really would like to know if
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Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:f30f5dc6-f3c4-4828-8510-fbe290ff0053Discussion:02fa626b-48a9-49df-b435-4eee2c15e70f
Forums » Work & Retirement » Retirement Planning » The Other Side of Retirement - After the Dance is Over !
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The Other Side of Retirement - After the Dance is Over !
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The Other Side of Retirement - After the Dance is Over !
posted at September 7, 2012 4:35 PM EDT
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Posts: 1924
First: November 27, 2011 Last: May 31, 2013 |
How many have you have planned for the other side of retirement - meaning what are your plans and the payment of such plans for your long term care, if the need arises? I really would like to know if we have lots of people who are able to pay out of pocket for care, or who have planned with LTC insurance or how many the taxpayers are gonna be supporting. |
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Re: The Other Side of Retirement - After the Dance is Over !
posted at December 7, 2012 12:50 AM EST
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Posts: 587
First: May 28, 2012 Last: June 10, 2013 |
Gail, we all dont have a lucrative business, like your husbands to fall back on. Why are you so worried about some of your tax dollars being spent on the less fortunate. You are asking very personal questions and frankly speaking, it's not your concern. What is your title and position on this site ? With all due respect, you act as an authority on many subjects. Response to The Other Side of Retirement - After the Dance is Over !: How many have you have planned for the other side of retirement - meaning what are your plans and the payment of such plans for your long term care, if the need arises? I really would like to know if we have lots of people who are able to pay out of pocket for care, or who have planned with LTC insurance or how many the taxpayers are gonna be supporting.
Posted by GailL1 |
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Re: The Other Side of Retirement - After the Dance is Over !
posted at December 8, 2012 11:12 AM EST
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Posts: 1924
First: November 27, 2011 Last: May 31, 2013 |
Just trying to get folks to think about it. It is not a personal question - it is a discussion about ideas to plan for something that is a part of life - "retirement" and what could go along with it - LTC of one sort or another - help for when you may not be able to do everything that you once did. Who knows there could be somebody out there with a really good plan and they could share. Or a discussion of available options based on income / assets that somebody else might not know about and could fit with somebody else. I don't see that my post indicated any authority; just askin' but since nobody has posted anything in three months, it must not be something which anybody wants to discuss. You got a plan? |
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Re: The Other Side of Retirement - After the Dance is Over !
posted at December 8, 2012 1:50 PM EST
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Posts: 587
First: May 28, 2012 Last: June 10, 2013 |
I do have a plan and with God's grace, it will work out. I have friends and family, who have been hit by hard times, to no fault of their own and those are the people I pray for and try to help. Some people's plans collapse with unforeseen tragedies. I feel we should all be thankful for our good fortune and help others, who are struggling.Response to Re: The Other Side of Retirement - After the Dance is Over !: Just trying to get folks to think about it. It is not a personal question - it is a discussion about ideas to plan for something that is a part of life - "retirement" and what could go along with it - LTC of one sort or another - help for when you may not be able to do everything that you once did. Who knows there could be somebody out there with a really good plan and they could share. Or a discussion of available options based on income / assets that somebody else might not know about and could fit with somebody else. I don't see that my post indicated any authority; just askin' but since nobody has posted anything in three months, it must not be something which anybody wants to discuss. You got a plan?
Posted by GailL1 |
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Re: The Other Side of Retirement - After the Dance is Over !
posted at December 9, 2012 8:08 PM EST
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Posts: 115
First: August 9, 2010 Last: May 19, 2013 |
In planning for the other side of retirement, I’d like to know if you have included in your plan on what to do with parents who are over 92 years, are in their right mind, can still make their own decisions, are still independent and are determined they are not going into a nursing facility, which means it will cramp a retirees actual retirement plan. If you haven’t, I’ve got news for you. Your retirement years are spent as a caregiver. Poof!!! There goes your retirement. |
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Re: The Other Side of Retirement - After the Dance is Over !
posted at December 10, 2012 10:42 AM EST
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Posts: 1924
First: November 27, 2011 Last: May 31, 2013 |
In Response to Re: The Other Side of Retirement - After the Dance is Over !: In planning for the other side of retirement, I’d like to know if you have included in your plan on what to do with parents who are over 92 years, are in their right mind, can still make their own decisions, are still independent and are determined they are not going into a nursing facility, which means it will cramp a retirees actual retirement plan. If you haven’t, I’ve got news for you. Your retirement years are spent as a caregiver. Poof!!! There goes your retirement. Posted by keonne I moved mine into 1st a Senior Independent Living Facility - nice place and very reasonable in price. After 12 years there, she started having physical and mental issues and she went to an Assisted Living Facility, then to Memory Care in the same facility and then to an absolutely wonderful Personal Care Home for total care until she died under the care of hospice. She was 90 then and may I add, she was the youngest of the (6) in the Personal Care Home. The Senior Independent Living was great - a one bedroom roomy apartment with a small but adequate kitchen , laundry room on each floor, 24/7 desk monitoring, catered meals if you wanted them, computer room, exercise room, activities, beauty shop and barber shop facility, fellowship room, large TV room, a full staff of various helpers - social worker, etc., bus service to various places. And all of this for less than $ 700 a month (unsubsidized - lower if subsidized) and it included all utilities, even cable, except phone. There they could be as active or as in-active as they wanted - they were free to bring in extra help as needed if that was what they wanted. I was still very much involved with her ALL her life, since she had always been deaf - my roll was handling her finances, and her medical needs, or bring in whatever else that she needed whether help or items. The decision making became more and more because she lost all cognitive ability in the later years so communication with her was nil. |
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Re: The Other Side of Retirement - After the Dance is Over !
posted at December 10, 2012 11:09 PM EST
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Posts: 115
First: August 9, 2010 Last: May 19, 2013 |
You stated the magic words - "I moved mine into." We haven't reached that level yet. Right now, we are still being treated as the children even though we're in our 60's. Next week, his mother is scheduled for surgery on her legs. My hubby has to stagger his time at the hospital with his mom and time with his dad. At some point in time, he has to get a caregiver during the day to be with his dad and he'll spend the nights at their home. To me, they should be in some type of facility now. We shouldn't have to rush and find a place for them when they can no longer live in their home. To me this is very poor planning. We have space that is available for them right now - I don't know how long that space is available for them. Time is running out. I feel our hands are tied. In Response to Re: The Other Side of Retirement - After the Dance is Over !: In Response to Re: The Other Side of Retirement - After the Dance is Over ! : I moved mine into 1st a Senior Independent Living Facility - nice place and very reasonable in price. After 12 years there, she started having physical and mental issues and she went to an Assisted Living Facility, then to Memory Care in the same facility and then to an absolutely wonderful Personal Care Home for total care until she died under the care of hospice. She was 90 then and may I add, she was the youngest of the (6) in the Personal Care Home. The Senior Independent Living was great - a one bedroom roomy apartment with a small but adequate kitchen , laundry room on each floor, 24/7 desk monitoring, catered meals if you wanted them, computer room, exercise room, activities, beauty shop and barber shop facility, fellowship room, large TV room, a full staff of various helpers - social worker, etc., bus service to various places. And all of this for less than $ 700 a month (unsubsidized - lower if subsidized) and it included all utilities, even cable, except phone. There they could be as active or as in-active as they wanted - they were free to bring in extra help as needed if that was what they wanted. I was still very much involved with her ALL her life, since she had always been deaf - my roll was handling her finances, and her medical needs, or bring in whatever else that she needed whether help or items. The decision making became more and more because she lost all cognitive ability in the later years so communication with her was nil. Posted by GailL1 |
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Re: The Other Side of Retirement - After the Dance is Over !
posted at December 11, 2012 10:45 AM EST
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Posts: 1924
First: November 27, 2011 Last: May 31, 2013 |
The 1st move for my mom was hard because at that time she still had a will - I had to convince her it was the best because of her physical condition, an old very expensive house that needed major repairs and cime in the area where she was living alone. Did I have to force her - YES. I already had POA but if she had not agreed, I was ready to go get legal "guardianship". She was angry and it It took a little time (a few months) for her to settle in but it worked out well and this was a great relief to me and my life. The next moves were my own decisions because she no longer had a will or any decision making capacity. Your husband needs to talk to them or both of you if that be the case - you have to just tell them he (perhaps he and you) cannot keep doing for them and a caregiver will have to be called in to relieve some of the pressure and stress. Or you can offer to show them some other living arrangements that fits their needs and pocketbook. You also need to realize that sometimes we, as children of the needing elderly parent(s), put more stress on ourselves than what is needed. I know I did. I felt like I had resorted to being a kid again beckoning to her every need - even the needs that were only in my head. I could not live (2) lives and be good at both and it did create a whole lot of stress within me. The safe living arrangement took away a lot of the stress but the decision making and the heath stuff continued on but I made decisions about those things as the situation changed. Yes, they should have made plans but the situation is what it is so now the plans have to be made. If given a choice, wouldn't they prefer to live out the rest of their days in a more stress-free environment. I hope things work out for all of you - taking charge of the situation definitely helps - but that means that you change the role with them from child to adult. Good Luck- |
Forums » Work & Retirement » Retirement Planning » The Other Side of Retirement - After the Dance is Over !
