Pete, have you seen the meals he eats and where he lives. If he is happy, which he sure seems to be, and he has the money...........
I am living in Assisted Living Pete. My rent pays for three meals per day plus snacks, all laundry, cleaning, bed making, Cable TV, Internet, Wi Fi, Transportation within 10 miles, Fitness Center, bathing assistance, dressing assistance, Personal attention. Activity Center, I receive interest monthly from the interest on the proceeds of my home that I sold seven years ago. Picture of home is attached.
Assisted living is very expensive I looked into it runs around S5500.00 CDN that's the low end places .
That nice fence in your pic would probably last a few days before someone stole it and sold it for scarp I've had two catalytic converters cut off my car in the last few years, That's the Hood Lon
I own my place outright. Real estate taxes + homeowners insurance = $150/month or so. I recently applied for the "I promise to not develop it" real estate tax break, and cut my taxes to less than half. But I still got upkeep expenses, utilities, etc. Groceries continue to be my #1 expense...by far. I've not been inclined to figure out why, since I don't spend money on alcohol or sodas or prepared food (heck, I mostly buy house brands), and cooking is my primary hobby.
I've been online and looked at the cost of various elderly support situations, and the total-cost spread between Lon's 7 x 24 x 365 situation and other options (where you pay for your own lodging, meals, medical care, etc) is not all that much. This is the Monthly Cost comparison for the Charlottesville VA area I posted in The Cost of Senior Living Facilities thread: -Homemaker Services: Clean house, make meals, run errands ($4,600) -Home Health Aide: Extensive in-home personal care ($4,900) -Adult Day Health Care: Community-based center for daytime only assistance ($1,700) -Assisted Living Facility: Full-time residence facility, one tier below Nursing home ($5,800) -Nursing Home, Semi-Private Room: Self-explanatory ($6,700) -Nursing Home, Private Room: Self-explanatory ($7,300) Of course, different areas will have differing prices. Charlottesville's costs are probably somewhere in the middle. It is insane.
The trick is to die before you run out of money. I just talked to my financial advisor, and I'm good until next Thursday...