Reverse mortgage...redux

Is he really.. or is this coming from the consultant report from the conference a couple of years ago that was brought up during the election?
The trick is to keep talking about it until people no longer pay attention. When you fall asleep, they drop the bomb and say "Why are you surprised? We've been talking about it for ages."
 
Shades of Soylent Green but if they cut Medicare to seniors the government saves money. More seniors die and the government gets access to RRIF taxes, Cap gains, probate fees, HST on funerals.
How`s that go?..... Oh yeah! The best government is a benevolent dictatorship tempered by an occasional assassination. You know, to keep them in line.
 
Keep in mind they will likely have fairly strict home maintenance requirements to maintain value which may cost some significant money down the road

If your plan is to live large and give zero f*cks about the house when it's all said and done, who cares? Do they do inspections inside and outside at any point or is this just a "you should now do this" type letters in the mail? If it's just "you really should do this to protect your (and our) asset, just ignore it all - when you expire, you won't care, and if there's nobody at the end that's going to see any equity when the house is sold anyways (or isn't on the hook for any of the bills), just F it all.

You hit the wall where you need actual care and heaven forbid long term care and that shite is expensive

LTC is fully subsidized by the province if you can't afford it. My dad did it right, he sold his business and retired a bit early, lived life, bought what he wanted when he wanted it, set aside a little bit of money for the 4 kids (and somehow it was structured that it was untouchable) and when he want into LTC there wasn't much left, so they took his CPP and OAS every month minus a $200 stipend (for things like haircuts and a few dinners out ever month) and the rest was subsidized. He had a nice semi private room at Hillsdale in Oshawa (and a modern semi is basically a private room with just a shared bath) and he seemed pretty content and had great care.

It sure seemed like a fine idea to me, why skid into a nursing home with hundreds of thousands of dollars in your bank only to see it all go to the nursing home, particularly if it's a for-profit one. Screw that, I'm spending that **** lol. My health isn't great, my job has already taken a great physical toll on me to the point where I'm in constant pain already in my 50's (which then impacts my ability to be as physically active as I'd like, which then becomes a vicious circle with weight gain etc), so I expect by the mid 70's to early 80's (if I even make it that far) I'll be wanting to have that chat with my kids.

While not the path for everyone, in his case (without decendents), there is a strong case for living large and then pulling the plug instead of maximizing time on earth.

MAID is more complicated than just deciding to apply on a whim, there are requirements. But there's also other options like talking to your family and making your intentions and desires clear, just taking one of the cocktails you can find the ingredients for easily online, and then telling one of those family members that they should "come check on you" tomorrow morning at 9AM, and then climbing into bed to doze off.

Forever.

long ago when I lived in Markham there was a bike crash at Markham Rd. and 14th, might have been McCowan or Kennedy though, long ago remember. A rider on a RZ500!! torpedoed the huge concrete base of a railroad overpass at high speed, in a suspected suicide.

WIth my luck I'd survive and end up like this lol.

1749428708662.png

If I'm going out on my own accord at some point I want the peaceful quiet method, not the potential "oh **** I didn't expect to wake up from this, why are there hoses in every orifice?!" method lol.
 
LTC is fully subsidized by the province if you can't afford it.
LTC is a benefit for all Ontario residents - rich or poor. A private room is about $3k, semi private $2.2k - doesn’t matter how poor or wealthy you are.

On my dads floor, several residents were multi-millionaires, some were penniless pensioners - all got the same great care. Better than the $15k/month care at a local private facility.

Not all LTC homes are great, we got lucky and had a great experience.
 
If your plan is to live large and give zero f*cks about the house when it's all said and done, who cares? Do they do inspections inside and outside at any point or is this just a "you should now do this" type letters in the mail? If it's just "you really should do this to protect your (and our) asset, just ignore it all - when you expire, you won't care, and if there's nobody at the end that's going to see any equity when the house is sold anyways (or isn't on the hook for any of the bills), just F it all.



LTC is fully subsidized by the province if you can't afford it. My dad did it right, he sold his business and retired a bit early, lived life, bought what he wanted when he wanted it, set aside a little bit of money for the 4 kids (and somehow it was structured that it was untouchable) and when he want into LTC there wasn't much left, so they took his CPP and OAS every month minus a $200 stipend (for things like haircuts and a few dinners out ever month) and the rest was subsidized. He had a nice semi private room at Hillsdale in Oshawa (and a modern semi is basically a private room with just a shared bath) and he seemed pretty content and had great care.

It sure seemed like a fine idea to me, why skid into a nursing home with hundreds of thousands of dollars in your bank only to see it all go to the nursing home, particularly if it's a for-profit one. Screw that, I'm spending that **** lol. My health isn't great, my job has already taken a great physical toll on me to the point where I'm in constant pain already in my 50's (which then impacts my ability to be as physically active as I'd like, which then becomes a vicious circle with weight gain etc), so I expect by the mid 70's to early 80's (if I even make it that far) I'll be wanting to have that chat with my kids.



MAID is more complicated than just deciding to apply on a whim, there are requirements. But there's also other options like talking to your family and making your intentions and desires clear, just taking one of the cocktails you can find the ingredients for easily online, and then telling one of those family members that they should "come check on you" tomorrow morning at 9AM, and then climbing into bed to doze off.

Forever.



WIth my luck I'd survive and end up like this lol.

View attachment 74503

If I'm going out on my own accord at some point I want the peaceful quiet method, not the potential "oh **** I didn't expect to wake up from this, why are there hoses in every orifice?!" method lol.
Not all attempts are successful. One case was to be death by subway train but they survived and continued on in life looking like they had been hit by a train.
 
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