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Let’s Retire at the Holiday Inn

I ran across this letter in my archives and think it’s worth posting here.  If you’re starting to think about retirement and worry that a nursing home is in your future, worry no more.  Here’s an alternative.

LET’S RETIRE AT THE HOLIDAY INN

A few days ago, we received one of those infinitely forwarded emails that struck our fancy because it was so clever and, as you’ll soon read, has a certain quirky logic. Kudos to the anonymous writer:

“No nursing home for me! I’m checking into the Holiday Inn.

With the average cost for a nursing home per day reaching $188.00, there is a better way when we get old and feeble. I have already checked on reservations at the Holiday Inn. For a combined long-term stay discount and senior discount, it’s $49.23 per night.

That leaves $138.77 a day for:
Breakfast, lunch and dinner in any restaurant I want, or room service.

Laundry, gratuities and special TV movies. Plus, they provide a swimming pool, a workout room, a lounge, washer, dryer, etc. Most have free toothpaste and razors, and all have free shampoo and soap. They treat you like a customer, not a patient.

$5.00 worth of tips a day will have the entire staff scrambling to help you.

There is a city bus stop out front, and seniors ride free. The handicap bus will also pick you up (if you fake a decent limp). To meet other nice people, call a church bus on Sundays.

For a change of scenery, take the airport shuttle bus and eat at one of the nice restaurants there. While you’re at the airport, fly somewhere. Otherwise, the cash keeps building up.

It takes months to get into decent nursing homes. Holiday Inn will take your reservation today. And you are not stuck in one place forever, you can move from Inn to Inn, or even from city to city. Want to see Hawaii? They have a Holiday Inn there, too.

TV broken? Light bulbs need changing? Need a mattress replaced? No problem. They fix everything and apologize for the inconvenience.

The Inn has a night security person and daily room service. The maid checks if you are OK. If not, they will call the undertaker or an ambulance. If you fall and break a hip, Medicare will pay for the hip. And Holiday Inn will upgrade you to a suite for the rest of your life.

And no worries about visits from family. They will always be glad to find you, and probably check in for a few days mini-vacation. The grandkids can use the pool. What more can you ask for?

So, when I reach the golden age I’ll face it with a grin. Just forward all my emails to the Holiday Inn!”

Upon telling this story at a dinner with friends and too much red wine, we came up with even more benefits the Holiday Inn provides to retirees:

Most standard rooms have coffee makers, reclining chairs, and satellite TV-all you need to enjoy a cozy afternoon. After a movie and a good nap, you can check on your children (free local phone calls), then take a stroll to the lounge or restaurant where you meet new and exotic people every day. Many Holiday Inns even feature live entertainment on the weekends.

Often they have special offers, too, like the Kids Eat Free Program. You can invite your grandkids over after school to have a free dinner with you. Just tell them not to bring more than three friends. Pick a Holiday Inn where they allow pets, and your best friend can keep you company as well.

If you want to travel, but are a bit skittish about unfamiliar surroundings, in a Holiday Inn you’ll always feel at home because wherever you go, the rooms all look the same.

And if you’re getting a little absent-minded in your old days, you never have to worry about not finding your room — Your electronic key fits only one door and the helpful bellman or desk clerk is on duty 24/7.

Being perma-skeptics, we called a Holiday Inn to check this story out — and are happy to report that they were positively giddy at the idea of us checking in for a year or more. They even offered to negotiate the rate (we could have easily knocked them down to $40 a night!).

See you at the Inn!



I’ve Been Elfed – 2010

Send your own ElfYourself eCards



Now that you’ve watched mine – Thank you very much! – Click here to make your own. And be sure to come back and post a comment with a link, so I can watch yours.

ElfYourself is compliments of OfficeMax and JibJab.



Marilyn Kvasnok

Retirement Planning

A lot of people believe that Social Security and Medicare will finance their retirement.  But, Social Security was never meant to be a total retirement income.  We all need to fund our own retirement.  And the sooner you start, the more you’ll be able to save.  If you haven’t been able to save anything from your current income, how will you be able to live on less when you retire?  Here are some ideas to jump start your retirement nest egg.

Stop Spending
When you’ve dug yourself into a hole, the first thing to do is stop digging!  Think about your purchases and only spend what’s truly necessary.  No, a Starbucks latte is NOT necessary.

Make a Budget and Stick to it
Do you really know how much you spend?  It’s easy to see the rent/mortgage, utilities and car payment.  But, what about the impulse spending?  Keep track of every penny you spend for a month.  Sort it into categories.  At the end of the month, you’ll have a true picture of what you really spend.  Now, add all the other expenses that occur throughout the year:  Real estate tax, car insurance, homeowner’s insurance, AAA, Costco membership, credit card interest, etc.  Next, the trick is to make your expenses total less than your income.  The difference can be saved for retirement.

Pay Yourself First
Once your budget is under control, choose a savings vehicle.  I like The Vanguard Group mutual funds.  If you can’t meet the minimum contribution, start with a savings account at a bank or savings and loan.  The idea is to get the money out of your hands and put it where it will earn income, even if it’s minimal to start.  Set up an automatic monthly transfer from your checking to the savings account.  One goal would be to live on 90% of your income and save 10%.

Don’t think you can live on 90% of your income?  The Richest Man in Babylon is a short, easy to read book, written like a fable.  It has a common sense approach to saving money – No matter how much or little you make.

Roth IRA (Individual Retirement Account)
One good way to save for retirement is to open a Roth IRA.  It’s funded with after tax dollars, so it grows tax free.  That means you pay income tax on the money you deposit into the IRA account.  When you withdraw the money, it’s all tax free because you’ve paid the tax on your contribution. You can open a Roth IRA at many financial institutions, including banks, brokerage firms and mutual fund companies like The Vanguard Group.

The alternative is to open a Traditional IRA and fund it with pre-tax dollars.  It grows tax deferred, so you don’t owe tax until you withdraw the money.  But, if you contribute every year and your investment grows, you’ll have to pay tax on all the money you withdraw – Not just your contributions.

Free retirement planning info and programs:  Analyze Now!

Yahoo Finance, Financially Fit:  A Guide to Saving Smart and Living Well

Yahoo Finance, Financially Fit:  Boost Your Social Security Benefits

Social Security Administration: What You Need To Know When You Get Social Security Disability Benefits

What else can you do to plan for retirement?  Comments are welcome.

Marilyn Kvasnok


I’ve Been Elfed – 2009

Send your own ElfYourself eCards

Now that you’ve watched mine – Thank you very much! – Click here to make your own.  And be sure to come back and post a comment with a link, so I can watch yours.

ElfYourself is compliments of OfficeMax and JibJab.

Marilyn Kvasnok

Welcome Perrie Meno-Pudge

Welcome to my new friends, Joanne Fsadni and Barbara Kimmel, co-creators of Perrie Meno-Pudge. Baby boomers will appreciate the mid-life humor of Perrie Meno-Pudge. The cartoons bring back memories of the “Good Old Days.”

This is one of my favorite Perrie Meno-Pudge cartoons. Many years ago, my parents owned an antique shop in Miami, Florida. The shop has been closed for a long time, but I still remember row after row of old oak furniture and collectibles. Dad loved clocks, so the walls were lined with them – Most of them ticking, chiming and striking the hour.

Visit Perrie Meno-Pudge to view all the cartoons – And tell them Health Talk Today sent you.

Marilyn Kvasnok
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