Stock Market is the bottom in?

[buckvelvet]

@bwoods11 what are you going to do with your ZIM stock? Sounds like this buyout is gonna pay shareholders around $35 a share?

 

[Mortenson]

Yeah if you have assets they will need to be sold. (For an unfortunate multi-year stay in the home.) Ideally people here stay off medicaid. The idea, for us (and I'd think some of the guys on the forum), is to avoid having to sell the land. If I'm strong enough to be living on a cruise ship indefinitely I assume I'm also healthy enough to stay out of a home. But yes I have heard of people doing that. I was reading an article about long term care insurance and the comment section pretty much agreed it was a scam. Biggest reasons were how the companies jack premiums up as you get older, making them impossible to afford. And how the companies are difficult to work with when it comes time to pay.

 

[Telemark]

If I'm strong enough to be living on a cruise ship indefinitely I assume I'm also healthy enough to stay out of a home. But yes I have heard of people doing that

It's mostly that they cook all your food, clean up everything, change your bed linens, wash your clothes, do any and all maintenance, etc.

You would still need to dress yourself and be mobile, but you no longer have any work or chores to do. And you get to sip cocktails by the pool every day.

 

[bwoods11]

@bwoods11 what are you going to do with your ZIM stock? Sounds like this buyout is gonna pay shareholders around $35 a share?

I don’t have any ZIM stock at the time . I’m guessing some did very well on it ?

 

[b116757]

My mother in-law has a long term care policy she has paid on for many years she is 89 her health recently took a turn for the worst and she wanted to move into a rest home to use the insurance. I said that’s fine but it has a maximum benefit of $180k and your not really in horrible condition as far as needed care goes just need daily things taken care of like cooking/housework and driven to DR appointments. So we convinced her to move in with us in January until her care needs are beyond what my wife, kids and I can handle then she can test out her long term care insurance policy. I’m sure that when she took out the policy $180k sounded like a ridiculous obscene amount of money but in today’s health care costs it’s a drop in the bucket even if she is able to utilize it all and living with us she gets to interact with family including two grandkids still terrorizing our house. She was still driving and living on her own in early December things change very fast when they change. I had tried to get her to move in with us when the old farm manager that lived with her passed away several years ago but she was hell bent on living alone. We have a 4-5 bedroom 2 bath house so room wasn’t ever an issue.

 

[PatinPA]

I don’t have any ZIM stock at the time . I’m guessing some did very well on it ?

Woohoo I have 6 shares. I'm rich!

 

[Foggy47]

My brother-in-law has COPD....and it's gotten worse. Went with him to look into assisted living and independent living situations.....which also have a nursing home and memory care in the same facility. Looked a a number of these over the past year or more.

Kinda interesting experience to see the big variations in these facilities. Some are much nicer than others....for sure. Pays to shop around as it seems the costs run pretty similar.....but the facilities can vary big time. He' finally made a decision to go into a one bedroom place and is getting the assisted living benefits (laundry, cleaning, most meals, etc). He will finally have some people to talk to. His social life sucks as it is now....and he is having allot of difficulty snow plowing and doing the daily chores. I think he is getting a mobility scooter too. (medicare) Not sure if that is good or bad.....but he is losing the ability to get around quickly.