Recent content by WordsMyth43

My financial questions are certainly a "red flag" for me! I understand and appreciate the "options" that this sort of senior living facility offers, but it is, in fact, a for profit business and is also subject to the risks and whims of that system. The "unsureness" of the future financial...

Good point. This older housing situation is one of the reasons we so frugally saved all the money in the first place. And I do not mind spending money on quality care and quality lifestyle, but ... the financial "uncertainty" of the open-ended rent situation and the overall instability of the...

2,000 sq, ft, split level, 3 BRs, 1½ Baths, attached 1 car garage on ¼ acre lot, built in 1956 in a small suburban community in northern Anne Arundel County Maryland (between Baltimore and Annapolis). Four steps up from driveway to front porch. Interior: 6 steps up from garage to main level...

Exactly why I find the financially "uncertain" situation unacceptable at this point. And, Yes, we have been looking for a smaller, rancher style (all on one level living) in our area but without any success.

That's an excellent point, HoneyNut. I definitely will never put us in a position where we'd "run out of money" and NOT have optional plans. But ... I haven't yet looked at or developed such a plan in the event we'd go with this facility. Something I will definitely be doing now, regardless...

Thanks for your input and ideas. My health and abilities are very sound (at 82). My wife's "comfortable mobility" is somewhat diminished by arthritis (at 79). I've carefully factored in future income changes (sale of house, etcetera). We've been cautiously, but not always successfully, been...

I'm doubtful that moving from a paid off home into a very nice - and relatively expensive - "monthly rental" senior living facility is a wise choice. We're in our 80s. We're financial quite sound. Our 2,000 Sq. Ft.+ home has long been paid for (we've been in it since 1976). The very nice...