Retiring in Style…the Holiday Inn way

(LFC Comments: Thanks to our Kirtland lobbyist for this article on alternative senior living.)

Some interesting excerpts:

“…found out that when applying the senior discount he qualifies for, the Holiday Inn would cost less than $60 per day. The senior home, on the other hand, cost around $188 per day, making it more than three times more expensive than the hotel chain.”

“That leaves $128.77 a day for lunch and dinner in any restaurant we want, or room service, laundry, gratuities and special TV movies. Plus, they provide a spa, swimming pool, a workout room, a lounge and washer-dryer, etc. Most have free toothpaste and razors, and all have free shampoo and soap. $5-worth of tips a day and you’ll have the entire staff scrambling to help you,”

“Over the course of a year, Robison would pay approximately $21,900 to stay at a Holiday Inn at the senior discount rate for 365 days. The retirement home he looked at would cost $68,620. And that’s typically the price for a senior home, according to Forbes. In 2017, the outlet examined the cost of retirement homes, and found that while many senior homes weren’t transparent about pricing, the data they could find suggested a retiree could pay up to almost $100,000/year.”

“Median annual cost for assisted living, according to the 2016 Genworth Cost of Care Study: $43,539; for a private room in a nursing home: $92,378,” wrote Forbes’ Richard Eisenberg.”

(LFC Comments: Well, there you have it….an alternative to paying property taxes.  You could also buy an RV and travel the country, and you never have to worry about those pesky conservative or liberal neighbors.)

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