Author Topic: So how much does it really cost to live early retired?  (Read 23585 times)

pbkmaine

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Re: So how much does it really cost to live early retired?
« Reply #150 on: May 26, 2018, 07:06:45 PM »
Dicey, that is interesting. I just assumed it was a general rule as it is too dangerous to be alone.  Losing friends is hard as you know. We have lost 3 friends between 59 & 67.

In order to qualify for hospice care a doctor has to certify a patient is sick enough that she might die in the next six months. It's funny the state would be worried it's too "dangerous" for a hospice patient to be alone... Wonder what they're worried about? I mean, what's the worst that can happen? :)

I know you're not being serious, but falling, breaking a hip or arm, then dying of starvation over the course of a week because nobody visits and you can't reach the phone doesn't sound like a good way to go.

Yeah, sure, but that doesn't seem like a very good reason to not allow somebody to stay in her home alone. It wouldn't be hard to attach a small cell phone or emergency alert button to a lanyard around a patient's neck, so that in an emergency she could call for help. It just seems like if a patient is expected to die within six months or less, anyway, worries about "safety" shouldn't need to be taken quite as seriously...

Yes! This is what Atul Gawande’s Being Mortal is all about. There’s a big trade-off for the elderly between safety and freedom. Most children want their parents to be safe, but most older people would prefer less safety and more independence.

Cassie

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Re: So how much does it really cost to live early retired?
« Reply #151 on: May 27, 2018, 01:29:20 AM »
Yes I agree most people prefer freedom.

Shane

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Re: So how much does it really cost to live early retired?
« Reply #152 on: May 30, 2018, 02:32:08 AM »
My sister told our mom to keep her cell phone in her pocket at all times so she could call for help. She forgot to and had laid 24 hours in her waste until her sister checked on her.  Then they took her to a hospice facility where she got awful care even though it looked nice.

@Cassie sorry to hear your mom had to suffer like that. That sucks. Paying $10K-$15K/month for in-patient Hospice care seems crazy and sad to me. By definition, the care people are getting in a Hospice facility is "unskilled," which means any able-bodied person could provide it. It's sad that the norm in our society, now, is that most people are so busy working at jobs to earn money to pay mortgages and other bills that they can't afford to take time off to care for family members who need it. One of the nice things about FIRE is that we are now available to move anywhere in the world to help any family members or close friends who may need it.

Cassie

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Re: So how much does it really cost to live early retired?
« Reply #153 on: May 30, 2018, 09:23:49 AM »
My sister lived a hour away and was retired. She would stay for the weekend and go home. I was still working and lived 2k miles away.

marion10

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Re: So how much does it really cost to live early retired?
« Reply #154 on: May 30, 2018, 12:19:10 PM »
I googled and there are some hospices that are now providing service if you live alone.

Acastus

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Re: So how much does it really cost to live early retired?
« Reply #155 on: May 31, 2018, 12:01:53 PM »
Car Jack, do you even realize that most people can't afford 65k/year for private tuition and do not live in your world?  The median salary for a family of 4 in the US is around 50k last time I checked.

Your point is valid, however, here are some better numbers. Median household income, regardless of household composition and size for 2015 was        $56k.
Male head of household:    $56k
Female head of household: $38k
Couple household:             $82k
Single Male:      $41k
Single Female:  $29k

I think this really helps demonstrate why the upper 10% think they are middle class. Couples with families live in neighborhoods with other couples with families, and they average 2 times the income of 3 of the 4 other household types. They think this is normal, and it is for them.

dmc

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Re: So how much does it really cost to live early retired?
« Reply #156 on: June 04, 2018, 10:06:34 AM »
My 83 yr old fatherís assisted living home cost $72,000 per year. In he Midwest

My wife and I retired at 50 a little over 10 yrs ago.  We spend $100k to 120k a year.  Health insurance runs $18,000.  We live in SW Florida.