Shock Of Living In Retirement - Friends Can Help 2021

[@susanpettit8751]

Hey guys! Love your creativity. I work in the hospital sector in Ontario Canada as well. Just a clarification of the terminology. Retirement homes in Ontario are run privately. Basically you have to be able to do your own personal care to got into one of them - and yes they run from ~$3000-6000/month dependent in on the amenities. A LONG TERM CARE HOME = a Nursing Home. This were you need assistance with your personal care and they are all subsidized by the Ontario government. Meaning that they all cost the exact same for the same type of room. I think the base shared room is around $2000. If you can’t afford it with your income then the government will subsidize- meaning no one will be turned away from getting the care they need. The wait lists for the Long Term Care Facilities are managed by the Home and Community Care (Home Care) in Ontario. And again, just to clarify - a RPN would cost you about $60000, and Registered Nurse about $90,000, but a personal support worker would likely be about your goal of $40000. Anyways, love the creativity!!!!! Thanks for a great video talking about an important subject.👍🇨🇦🍷

[@ThisIsOurRetirement]

Thanks for your insights, our Daughter in law is a Director of long term care in Ontario. We really meant to say personal care workers. Thanks for watching we appreciate it. 🇨🇦😀😀👍

[@libbyannstew8775]

Thanks Norm and Tina for another timely topic. Susan, great clarification of terms “retirement home” and “long term care home”. They get used interchangeably but it’s so important to make the distinction. If you have a loved one in hospital and you are waiting for a long term care home bed, there are also transitional programs being run out of some retirement homes whereby space is rented therein by the local hospital. Medically stable patients who are on LTC home wait lists are discharged to a transitional program and their care is provided by private home health care companies. These aren’t ideal in all cases (I speak from experience) so if you’re offered this option because the hospital wants your loved on out, make sure you tour the facility, ask about resident to care staff ratios, the availability of a doctor and other allied health professionals, dietician support and check out the physical space. It’s an innovative solution if it works but was a disaster for our family.

[@ThisIsOurRetirement]

Thanks for your comment and watching hope you have a great weekend Cheers 🍷🌺🍺🙂

[@markbajek2541]

Yes, but remember he's thinking of supplying housing for the PSW or nurse so the (lower) salary should reflect free housing in the building or yes pay $60-90K but the person pays for their own housing on site or elsewhere, but on site would be preferable for speed of response..

[@rubycorman469]

Hi Norm and Tina , I'm a PSW in a Government run LTC home with a Retirement home adjoining us . That's great you have a daughter in law as a DOC because there's a lot to navigate if you go into LTC . I think the most valuable thing I've learned is to take care of your health . I quit smoking years ago and exercise/ eat healthy . I've recently started watching KZbin videos on how to get up from a sitting position or a fall . Thank you for sharing all your tips with us . ❤

[@rustykatt3870]

To all of us getting older (especially me)- being open to spending some money (and time looking at government subsidies) to install stair lifts (or similar devices) is something to really consider. Being stubborn and saying "no" to spending a few thousand dollars, but going through the trouble of moving when we really don't need to......will cost us in so many ways. Thanks for the video Tina and Norm!

[@ThisIsOurRetirement]

Interesting point Rusty and yes those things will help you enjoy life more , for us getting rid of the house with the unexpected maintenance and expenses and moving to our apartment is like a dream come true . No grass cutting, snow blowing to name a few but replaced with underground parking, indoor swimming pool , sauna and hot tub but we are all different you need to find what is best for you . Have a great weekend Cheers 🍷🌺🙂🍺

[@billjacobson163]

I heard of a woman who buys yearly tickets on a cruise line. She says it's cheaper than a room in long term care. She also has a medical doctor around the clock, great meals, entertainment, constantly making new acquaintances,...

[@ThisIsOurRetirement]

We have heard of that too , although might not be the same fun with all the Covid restrictions Bill Cheers 🍷😎🌺

[@marlenegearon4709]

I heard about people living on cruise ships year round, granted this was before the pandemic. It includes so much and they even have a doctor available.

[@ThisIsOurRetirement]

Great suggestion but covid puts it on the back for now. Thanks so much for sharing.

[@ThisIsOurRetirement]

Thank you!

[@grammadog1947]

I was on a Carribean Cruise a couple years ago and yes, there was a lady who lived on the ship.

[@busterbiloxi3833]

@@grammadog1947 Expensive. Not a solution for the 99%.

[@mike330i]

Mario Salcedo, also known as “Super Mario” lives full time on a cruise ship. He said it costs about $80K a year with inside cabin. More for balcony and suite.

[@rustykatt3870]

A wise senior once told me something like...... "You can get anything you need from the grocery store deli."

[@ThisIsOurRetirement]

Sounds like good advice 🌺

[@NGUYỄNSƠNMIỀNTÂYVlog]

Hello, share about the retirement life of the elderly, it's so wonderful, I wish your family good health, happiness and success.

[@ThisIsOurRetirement]

Thanks so much hav3 a wonderful weekend Cheers 🍷🌺🍺

[@paultraynorbsc627]

Thanks for sharing this look after your self's enjoy hobbies too Tai Chi yoga

[@ThisIsOurRetirement]

Yes, thank you

[@richardpodnar5039]

After having spent a week-long vacation in four different hotel properties in various places around Northern California, the month-to-month idea in any of the accommodations where we stayed is not only a viable option, but a more secure, carefree and enjoyable one for someone of any age. You two never fail to amaze us ardent fans with all your fabulous videos featuring new, refreshing ways of looking at basic needs.

[@ThisIsOurRetirement]

Hi Richard glad you are enjoying our videos, we like the idea of month to month in a nice hotel with breakfast 🍳 LOL have a lovely weekend Cheers 🍷🇺🇸🍺🇨🇦

[@mrcats1249]

Here in Cyprus the Greeks tend to go for the granny flat option. We have a lot of asian people that work in the cleaning and home care. It’s a win win for both parties. You have the option to either house your helper or they can live in their own accommodation. The law is very strict when it comes to the hours that they work so they cannot be mistreated. Keep up the good work 👍

[@ThisIsOurRetirement]

There are certainly many options, thanks for your information and thanks for watching😀😀

[@mattmathai]

Here in the US, LTC costs are very high, and border on being extortionately high if you need memory care. LTC insurance policies haven't worked because insurance companies don't make any money on them and so keep increasing premiums. At this point, it's cheaper for us to self-insure, and we're lucky enough to be able to do that. It's a difficult subject to tackle, but I appreciate your videos.

[@ThisIsOurRetirement]

Thanks for watching we appreciate your comment have a great week 🌺🍷🍺

[@dorinatudisco1308]

I love this first idea of sharing expenses with 3 other couples putting up a nurse (or even a nurses aid since they’re cheaper) in an apartment and paying her a salary. This is brilliant! My husband and I don’t have children and we’ve thought about getting a live in person to stay with us in our home and look after us for a free rent and perhaps some income. I love thinking outside the box for cheaper and perhaps more enjoyable living options later in life. I’m currently 55 and he’s 56 and we’re looking to retire in 5 years and have a ball!

[@ThisIsOurRetirement]

Thanks for watching we wish you a great retirement all we can say is do it sooner than later as it’s great 🤩 Norm was 60 I (Tina ) was 58 🌺🍷

[@charissatroup5611]

My sister works for Marriott in the US, and she had several long term clients. There was a few people who were working in the area for a 6 month contract, another couple who had a vacation home in the south, but spent 8 months in the hotel. No property tax to pay, no lawn maintenance, etc. It can work, if you can find the right place.

[@ThisIsOurRetirement]

Great ideas thanks for sharing enjoy your weekend Cheers 🍷🌺🍺

[@TripNWithRed]

Although we always hope we can live in our home until we die, it's not realistic for most. My mother moved into supportive living and loves it. She's no longer scared at home alone and she's among others her age. She doesn't worry about numerous individual bills, she has her own apartment, bathroom and belongings. Supportive living is less than assisted living. $3,000/mo gets meals, power, cable tv and trips to and from medical appointments. The best part is it's a beautiful facility with 24 hour staff. She loves it.

[@ThisIsOurRetirement]

That sounds wonderful thanks for sharing enjoy your weekend Cheers 🍷🇺🇸🍺🇨🇦

[@david-lt9wj]

3k a month....that’s good value...where is this wonderful facility ?

[@TripNWithRed]

@@david-lt9wj it's in Illinois.

[@david-lt9wj]

@@TripNWithRed that settles it I'm heading to route 66..for my old age..

[@TripNWithRed]

@@david-lt9wj sounds like a fun plan.

[@twotipsytravelers6701]

My mother decided to move to a retirement residence, where meals and housekeeping were provided. At first the social life was great for her, but after a while (she was in her early 80s) I noticed an increased decline. Think of the most vibrant elderly person you know. They are the ones who still cook, do laundry, keep the house tidy and socialize daily (obiviously with help for heavy duties). You have mentioned the social life your apartment gives you and I think you are absolutely right! Once everything is done for you and you are isolated, you start to decline. I believe it's my "to-do" list that will keep me in the game!

[@ThisIsOurRetirement]

That’s really interesting Jane , when everything is done for you there is nothing keeping you physically and mentally alert thanks for sharing Cheers 🍷🌺🍺

[@PamelaAlston-x5j]

I’m researching this new life insurance with long term care insurance, which is called a hybrid insurance. What I like about it is, you can use the money if you ever need long term care. If long term care is not used, the money will be placed back with your life insurance, which will go to the heirs. I like this idea because a regular long term care insurance keeps the money if you don’t get to use long term care.

[@ThisIsOurRetirement]

Thanks for sharing your information Pamela Cheers 🍷🌺🍺

[@alexandrailnyckyj7058]

Great to think out of the box. I myself see a lot of challenges with your idea. It is similar to hiring a nanny. It is affordable but the workforce is very unstable. In Canada, we cannot attract people into personal care or child care work. It is low paying, isolating work. (As cute as you are, few people will want to live next door to assist you). Therefore, majority of workers in this sector are brought in on working visas. Now you have to take on responsibilities that you may not want to assume at a ripe age. Then the next problem is that as your physical and mental capacity declines, you have to worry about contingencies for when the worker’s visa ends, one of your friends wants to leave the cooperative etc. Young parents deal with these stressors when employing a nanny. However, they are healthy, sharp and dealing with less moving parts. I think the answer lies in pressuring our governments to develop sustainable and attractive models of group care for those who can no longer live independently. On the positive side, the need for long term care is remote. And for those who do need long term care, the time period is short.

[@ThisIsOurRetirement]

Thanks for your interesting comment 🤔have a great day Cheers 🍷🌺

[@arlenedowdall2011]

I've actually worked at an arrangement along the lines of what you're talking about. I'm a PSW and was hired by a family to do shopping weekly and prepare and stock fridge with homemade meals 3 times a week. They hired a house cleaner for a weekly clean and it worked out very well with the govt supplied one hour daily homecare. We were able to keep her happily at home for 4 years . I'd definitely want that kind of arrangement for myself and hubby. Thoroughly enjoy your videos !

[@ThisIsOurRetirement]

That is awesome! thanks for watching 🌺🍷

[@Susancshell]

I think that is a great idea. I have also heard of a group of widows (sorry Norm- lol) who built a house together to all live together to share expenses and cooking and cleaning....a second chance at dorm life maybe. Lol

[@ThisIsOurRetirement]

That's a great idea!

[@mossstudio7325]

I've heard of seniors living aboard cruise ships long term. Not a good idea now but would be interesting to look at the costs..

[@ThisIsOurRetirement]

Yes we had seen a story about that, thanks for sharing.

[@jennyd9543]

After a recent stay at a modest hotel, I was also thinking that staying at a hotel could be a good long term care option if I was on my own. Great idea to share a nurse and pay for her apartment in the same building. In Kingston, On. some people in an apartment building arranged for community meals to be prepared for them. Just the bit of help they needed to stay in their own apartments.

[@ThisIsOurRetirement]

Sounds a great idea thanks for watching enjoy your weekend Cheers 🍷🙂🌺

[@MrGearoid65]

Hey Guys, another very interesting look at retirement issues. I am 56 and single, recently retired from the education sector so I am starting to look seriously at my options with respect to possible care needs hopefully later on..... Very interesting!

[@ThisIsOurRetirement]

Thanks for watching glad you found it helpful enjoy your week 🍷🌺🍺

[@brucehamm6197]

A few noteworthy concerns with this scenario: A. Anticipated RN salary needs to be $80k or above if you desire quality care. B. Medical supplies and equipment weren't included C. What happens when your friends die off prior to you? Who will contribute to footing your bill? What happens when you have a falling out with your friendship? This is similar to a partnership business venture that is prone to sink..

[@ThisIsOurRetirement]

Getting a paid apartment including utilities if paid for out of earned income is worth $35,000 pre tax added to $40,000 we are quite close. What about an older person in their 50’s who already has her pension years and is looking to take it easier and maybe avoid being in a care home at risk of covid?

[@lolwamohamed7674]

I love both of you guys god bless you and keep you together all the time

[@ThisIsOurRetirement]

Thanks so much enjoy your weekend 🍷🌺

[@wendyelainedonald]

Thanks for contributing more to the thoughts on retirement. I drove my son quite nuts for several years as I explored different options. He found it very challenging I was looking at these options. On picking up a phone call from one retirement village in the sun he told me "I told them you are not retired and in fact are still working". I ended up putting my name on a long waiting list for a life-long lease not-for-profit apartment. The architects just won an award for the development. When I want/need higher levels of support this is available. I am here for life, something I thought I would find very challenging, but strangely I am quite content. I sold my two bed apartment and paid one third of proceeds for the guaranteed life long accomodation. I am close to walking trails, parks and middle of city. There is a very active community with plenty of activities. During our frequent lockdown I feel supported. Keep up the discussions

[@ThisIsOurRetirement]

Thanks Wendy for your story, something we are not familiar with, we are sure other viewers will find it interesting. We do these videos to remind or prompt others into thinking about their retirements and future, we certainly don’t have all the answers but enjoy reading comments from others. Have a nice week and thanks for your contribution.

[@cntrygrl6985]

I love your story. It reminds me of my mother, who moved from Yorkshire to London to Toronto in the 60s, met my American dad who was there on business, and then married and brought up family in NE U.S. I think it takes an adventurous spirit to leave the familiar behind. Kudos to you for figuring it all out in a new culture!

[@ThisIsOurRetirement]

Thanks so much we are loving living here in Canada 🇨🇦 enjoy your week 🍷🇺🇸🍺🌺🇨🇦

[@nighatnaqi6797]

Sell everything or put some stuff in Storage unit & live in a hotel or motel sounds like fun now, but not sure if I would be able to do it at 75🤔

[@ThisIsOurRetirement]

Thanks For Watching and your comment 🍷🌞

[@GoingGreenMom]

I've heard someone lives on cruise ships.... Dr on board, and otherwise similar to the hotel stay person.

[@ThisIsOurRetirement]

Before Covid that might of been an option 🤔but not realistic now shame as we used to love cruising 🚢 Cheers 🍷🌺🍺

[@GoingGreenMom]

@@ThisIsOurRetirement yes, I've heard the guy got an apartment somewhere in Florida where he typically sailed out of.... I haven't heard where the lady went.

[@carolmichael1813]

Hi, glad you have plans. Sadly my mum had to go from a hospital trip straight into care. Previously I had carers and cleaners and everything she required. I was shocked at the price of care here. £5600 ! Had to clear and sell her house which has been brutal on the emotions and I was due to move into her house in the future so my plans have disappeared which is stressful. Wishing you a lovely day. See you next week. Have a good week. 💖🏴󠁧󠁢󠁳󠁣󠁴󠁿🍷🍺

[@ThisIsOurRetirement]

Sorry to hear about this Carol, the same happened to Norm’s Aunt in Glasgow, the house and all her money went on long term care. We hope you can work something out for your future home. Great to hear from you as always, have a nice week. 🏴󠁧󠁢󠁳󠁣󠁴󠁿🇨🇦👍🥂🥃🍺

[@KeepItMowed]

Always think outside the box. I've heard of people hiring an assistant for a fair wage and putting a Life Insurance policy in their name for a farewell bonus. You will be surprised the creativity people come up with. The USA has very expensive long term care. Great video to get people thinking.

[@ThisIsOurRetirement]

Thanks for watching glad you enjoyed it 🌺🍺

[@dorinatudisco1308]

Wow love this idea!

[@ddavidson5]

Long term care places in Ontario unlike retirement homes are subsidized and a single room (the most expensive type) costs about $2,700/month and there is a waiting list. There are less expensive options than a private room and additional subsidies are available if you need them. Retirement homes are a different animal from long term care and you can can choose just about anything. My mother had a nice one bedroom apartment in a retirement home in Niagara Region and her cost, everything included - phone, cable TV, laundry, cafeteria level meals - came to $3,300/month. I know of another person living a beautiful GTA retirement home over looking the river and green space with a top notch restaurant level menu meal service that is paying $8,000/month. As I said you can get just about anything.

[@ThisIsOurRetirement]

As you say lots of options available thanks for watching enjoy your weekend Cheers 🌺🍷🍺

[@dorinatudisco1308]

I have a friend who along with her husband lived on cruise ships during retirement! They take care of your room, provide meals and entertainment, and even have doctors on staff. There are so many options to consider. Well this was before COVID :/

[@ThisIsOurRetirement]

It was a great concept before Covid , in fact we met some people who were going from cruise 🚢 to cruise hope you have a great weekend 🍷🌺

[@jimbertrand2499]

You guys are some of the few that think out of the box! Great ideas!!

[@ThisIsOurRetirement]

Glad you think so! have a great weekend Jim Cheers 🍷🌺🍺

[@AhJodie]

Thank you. I work in nursing homes in Wisconsin USA. Medicare will pay but take funds from family after person dies. Good to have ideas.

[@ThisIsOurRetirement]

Thanks for watching have a great weekend Cheers 🌺🇺🇸🍷🇨🇦

[@Dingle1234]

Wow you really know how to pick them! Hee hee. Actually this plan sounds good, sharing a nurse. A co-worker and her friends planned like that.

[@ThisIsOurRetirement]

Thanks for watching glad you enjoyed it hope you have a wonderful day 🌺🍷

[@duckman5642]

What organised lives , I'll work until i drop and die in the gutter, perfect.

[@ThisIsOurRetirement]

Thanks For Watching enjoy your day 🍷🌺🍺

[@duckman5642]

@@ThisIsOurRetirement no i won't

[@billypenney9384]

When do you anticipate going back to Portugal, we really like your articles on Portugal..Stay safe.

[@ThisIsOurRetirement]

Maybe winter of 2022/3, we would love to go back but…… Thanks for your question.

[@pudgyboypudgyboy898]

I think there is an expectation in most Canadian’s that the provincial health care system will be there for them when they need long term care. What they need to realize is that the transition period from being fully competent to government funded long term care will be a real challenge. I worry about seniors who don’t have competent family that can help them navigate and support them during this transition.

[@ThisIsOurRetirement]

Thanks for watching and your comment have a great weekend Cheers 🌺🍷🇨🇦

[@MA-cy7su]

Those are my worries, too. Next question: who does the administration of the bank accounts for me, a single person = in an honest way?

[@colleenla40]

God bless you for providing your take on this important topic. Independent Living and Assisted Living are separate from Memory Care or Long Term Care. The latter two require skilled nursing and other costly measures to ensure the safety of the patients/residents. There are facilities for all budgets in all of the above categories. Researching or having a plan in advance of any ill health is the best advice. Well done.

[@ThisIsOurRetirement]

Thanks for watching it’s just a starting point to make everyone aware that there are choices as you get older hope you have a wonderful weekend Cheers 🍷🌺🙂

[@gunnertravel]

very informative, so helpful with the tips. Congrats for passing 30k Subscriber. keep up the good work. You really find your niche.

[@ThisIsOurRetirement]

Thanks so much! We see your close to 1 Million views well done and keep going.

[@gunnertravel]

@@ThisIsOurRetirement yes, but subscriber is not so much

[@BeFree-BeFrugal]

I have a friend who stayed in a hotel here in the UK , he negotiated his own long rental rate

[@ThisIsOurRetirement]

Sounds great enjoy your weekend 🍷🌺

[@Elli-Kelli]

I think you are on to something there. Co-operative living is a great idea. It wouldn't even have to be a group of friends. Could be any small group willing to live and share in this sort of lifestyle. I think the costs would be slightly higher especially for the nursing. Forty thousand per year seems low, at least in BC it is. I like it!

[@ThisIsOurRetirement]

Yes cooperative living as we age should be something that the governments could support. Don’t forget free housing including utilities and $40K

[@bearsandbutters]

Hey Tina and Norm! Great to see you guys out at the trailer. Interesting topic today on long-term care. They really do have some nice ones around here also if you have the money to afford the really nice ones. Bears used to work at one while she was in college and said it was like working in a hotel for geriatrics. All the food and entertainment is included plus they have their own private apartments for privacy. They now cost about 6k a month per person here and up to 10k per person for the larger nicer places. Makes sense to rent an apartment for the nurse for 4 couples. Great idea and much cheaper than these homes. Great video today and love you guys to the moon and have a great weekend. 💖🌛

[@ThisIsOurRetirement]

It’s amazing just how much these LTC places can charge , and if it’s two of you it’s double LOL 😂😂🌺 our 🥵 hot and humid weather is at a close so cooler now which is nice . Have an awesome weekend and keep well Cheers 🍷🇺🇸🍺🇨🇦🤗

[@NunontheRun]

Those are some great ideas for long term care! I'm just at 54 right now, but I'll be retiring in Canada eventually.. it's where I'm from, and I can't be a bike courier in London forever :-D

[@ThisIsOurRetirement]

Thanks for watching we wish you a happy retirement when you take it enjoy your weekend Cheers 🇬🇧🍷🇨🇦🍺

[@memathews]

Great video, you might want to expand this to a series or playlist a number of your videos with this subject. You're getting great advice and ideas in your comments. I've dealt with this twice now, once for each of my divorced parents. And my experience is in the U.S. But I would look at the spectrum of long term care needs before taking any action. Needs range from someone to make the beds and regular household maintenance; to changing oxygen tanks, providing meals, laundry, etc,; to long term medical assistance following a stroke or debilitating disease that requires help dressing, bathing, possibly even feeding. And then there's a possible transition into a modest to long term care while bedridden and declining dementia. Acknowledging the above stages and as many permutations as necessary doesn't mean having to plan everything, it just means being prepared for working through those possibilities when they arrive. Discuss what happens when one spouse needs full care and the other is holding tickets to the cruise they can no longer take together. Or how four couples with a very creative plan for sharing care resources deal with one couple needing to leave the group because they require greater care and how a replacement couple is managed (and maybe there's a need for a lawyer to write an agreement on the procedures). Best of luck with this, you are really thinking ahead and I like your creativity. I'm hoping for painless and quick on my sleep before I lose basic functions. I've seen them other ends results and they are not pretty.

[@ThisIsOurRetirement]

Thanks for watching we really appreciate your support some good ideas hope you have a great weekend Cheers 🍷🇺🇸🍺🇨🇦

[@edcouto3711]

Hello folks! Seniors residence / Retirement homes are Not the same as Long-Term care facility! You sure don't look like you need to go into Long-term care .Usually a care team and your family would make that choice or suggestion when the time comes .As long as you have your mind and heath hire help and stay in your own home. Cheers

[@ThisIsOurRetirement]

Well said! thanks for watching have a great week Cheers 🍷🌺🍺

[@RenLuuk]

Love the idea of sharing the nurse or personal assistant. I have met a couple of people who live in hotels in London long term - cheaper than the rent! I love the thought of all my hotel loyalty points stacking up 😂 another stellar video. Anything we can do to live happy and well in our old age 👍

[@ThisIsOurRetirement]

It is an old concept if you remember Faulty Towers TV show, half the residents were living there and there was the Anglo Indian movie The Best Exotic Marigold Hotel, all seniors living cheap in India. Thanks for watching Karen, we recommend the movie there were 2 in the series.

[@RenLuuk]

Hey! I’m not old enough for Marigold Hotel movies!! (I’m lying of course 😂). But super important issue. We all assume we will healthy to the bitter end. Your videos always make me think of my future. Keep ‘em coming!!

[@ThisIsOurRetirement]

Thanks Karen enjoy your weekend 🌺🍷

[@RetiredLovingIt]

We love those ideas of thinking out of the box. 👍 there are options

[@ThisIsOurRetirement]

Thanks for watching have a great weekend Cheers 🍷🇺🇸🍺🇨🇦

[@busterbiloxi3833]

Good people. In Canada health care is free.

[@ThisIsOurRetirement]

Just like the U.K.

[@cametientaucoeur]

I like some of your ideas however you don’t need an RN, LPN or skilled nursing care. I gather you’re thinking of a nursing assistant/ attendant/ driver person? The 4 couples will probably require different levels of care. In the US, I was a Home Health/ Hospice RN Case Manager for 30+ years. Short term Skilled Nursing would be covered under Medicare. I like that we live in a 55+ gated community with lots of social activities & support services available. There is another model of care here - the CCRC that works well for some of our friends of more advanced age & you are correct you buy in, then you pay monthly fees for all amenities. I would never buy in, as the company might go bankrupt… the hotel room might be a little lonely no real neighborhood? Jeanne

[@ThisIsOurRetirement]

Thanks for this, we are exploring alternatives and possibilities, baby boomers can make a form of cooperative housing in small groups work. Yes we were either thinking about a senior RN who has the years in to get a good pension and want “lighter” duties of independent people who need a little bit of help or a personal care worker. Thanks for watching.

[@guachatierna]

So correct! Thank you Tina and Norm for all the thoughts and research. 👍❤️

[@ThisIsOurRetirement]

Thanks for watching! 💕🙏

[@85728itsmeee]

Would love to see a more comprehensive outline of all the options for Canadians along with average costs as well as more 'outside the box ideas!! Great topic!

[@ThisIsOurRetirement]

Great idea!

[@garykembel8144]

Your idea is terrific. We'd love it if our favorite neighbours could share a care giver. This would be a great business idea for some young couple, along the lines of a property management model

[@ThisIsOurRetirement]

Absolutely! thanks for watching have a wonderful weekend Cheers 🍷🌺🍺

[@miniacifamily2273]

This is brilliant!!! To have friends you can share that with is truly wonderful. We are near approaching retirement (husband is now retired and I have 4 years to go) and have been thoroughly enjoying your candid videos, topics you cover and so much more. It is so hard finding Canadian retirees that are so open about these subjects and they are important ones. My MIL was in a Retirement Home before going to LTC and it was costing $8500.00 +/per month. How can people afford this or how long will generations be able to? Insane pricing. We truly appreciate your videos and soak them up! It would be great to see a bit more on investing such as stocks etc. Thanks again and keep up the great work. :)

[@ThisIsOurRetirement]

Thanks for your comment yes some retirement homes are expensive that’s why we liked our idea LOL 😂 thanks for watching Cheers 🍷🌺🍺

[@christopherbarker976]

Hi Tina & Norm a very good video as there are going to be so many boomers that sorting yourself out I think is a very good option. Happy New Year to you both and keep the good work up. Thanks once again. Take care. Christopher Barker

[@ThisIsOurRetirement]

Yes we didn’t want to be in a flood of Boomers selling single family homes. Happy New Year and thanks for watching.

[@matthewgarythomasblockley8995]

Excellent presentation Tina and Norm. Thank you for sharing.

[@ThisIsOurRetirement]

Glad you enjoyed it

[@DesmondsDonders]

We are off on a 10 trip at the end of this week so will be missing for a little while. Videos are all scheduled though. Just catching up after this weeks trip.

[@ThisIsOurRetirement]

Have a great trip, scheduling is our friend 😂😂

[@ChrisR_72]

Hi Norm and Tina! Good to start thinking about this. I have a friend who is a financial advisor that tells me to always hold onto your house to pay for your long term care later on in life. His philosophy is to save for retirement in an rrsp and then use the house for long term care. But... I kinda like the path you both took. Selling your house helps fund your retirement and if I invest the proceeds properly there should be money left for long term care. Let's hope!

[@ThisIsOurRetirement]

Thanks for sharing!! hope you have a wonderful weekend Cheers 🍷🌺🍺

[@tjmarie6554]

I really appreciate your Canadian content. Thank you for sharing your experiences and ideas!

[@ThisIsOurRetirement]

That’s very kind of you to say!

[@pl3666]

Splitting the long term care between 4 people is a great idea. The only thing I'm wondering is what if one person dies? Do the remaining 3 people have to make up the difference all of a sudden?

[@ThisIsOurRetirement]

Our example was for 4 couples , so if one was to pass the other would still benefit from everything , thanks for watching Cheers 🍷🌺🍺

[@carmenmariacortesmarin2664]

You came up with a great plan!

[@ThisIsOurRetirement]

Glad you liked it Cheers 🌺🍷🍺

[@ericmyers3561]

Love this video. Very creative ideas.

[@ThisIsOurRetirement]

Thank you! 😊 have a great weekend Cheers 🍷🌺🍺

[@kimincanada7011]

Thanks for the informative video. Seniors can also apply through their Dr. And local health unit to have various support workers come into the individual’s home to do such tasks as cooking, cleaning, laundry and even nursing checks. I believe it is called the smile program. However, it is means tested. If a person makes over $38 K pensions could be clawed back. My mother in law who is in her 90 s and wants to stay in her own place is in the process of applying for this program.

[@ThisIsOurRetirement]

Wow sounds like a great idea 🙂thanks for joining the conversation enjoy your weekend 🍷🌺🙂

[@GYX2021]

Really great idea! A lot of people don’t think they would end up in a nursing home. It Is always cheaper to get long-term care insurance when you are in relatively good health/Younger age.

[@ThisIsOurRetirement]

Thanks for watching glad you enjoyed it Cheers 🌺🍷🍺

[@TheEvie202]

Yes! That’s what we did ! Love insurance I call it.. I don’t want to be a burden to my loved ones.

[@ThisIsOurRetirement]

@@TheEvie202 Thanks for watching 🌺

[@maryjoan4128]

Brilliant thanks..here is another one..many areas of Mexico cater to the LTC client.. cheaper and warmer.🎂

[@ThisIsOurRetirement]

Thanks for sharing enjoy your weekend 🍷🌺

[@maureenpluthero8543]

Sounds like a good plan. The average salary for a nurse in Ontario is between 70,000-88,000 a year. If you take off the housing you are looking at a salary of 46,000-64,000 a year. Making each couples contribution 17,500-22,000 a year factor in the cost of your own apartment the cost is 41,500-46,000. Which is still a lot cheaper than the 60,000-96,000 a year you would pay to stay in a long term care facility. A friend of mine was just looking into a place for her mother and it was almost 8k a month while other people in our group have parents paying 5500-7500 a month.

[@ThisIsOurRetirement]

The fees are outrageous, we really meant a personal care worker but having said that a lot of older RN’s are looking at early retirement with what has evolved over the last 18 months. We appreciate you watching our videos thank you.

[@cleaningtime8156]

Wow another very useful and very informative Video . Thanks

[@ThisIsOurRetirement]

Glad you liked it enjoy your weekend 🌺

[@ftkinsella]

Definitely something to think about and my wife and I are. Cheers!!!

[@ThisIsOurRetirement]

Thanks for watching enjoy your weekend Cheers 🍷🌺🍺

[@BTom16]

Thank you for your perspective. Some great ideas here.

[@ThisIsOurRetirement]

You are so welcome! enjoy your weekend Cheers 🌺🍷🍺

[@ATJHTRAVELS]

Enjoyed and shared sledgehammered that like button stay safe awesome and blessed

[@ThisIsOurRetirement]

Thank you! You too!

[@deelara78]

Love your creative ideas and pretty good research on the topic. You guys are great♥️

[@ThisIsOurRetirement]

Thank you so much! glad you enjoyed it have a nice weekend Cheers 🍷🌺🍺

[@lilybeth7565]

Great options was curious about option one the nurse spread across 4 couples. That seems like a lot of responsibility for one person looking after 4 couples and their apartments what would her daily duties include and what would her overall responsibilities be? Thanks.

[@ThisIsOurRetirement]

It would be similar to a care home, checking medications were organized and taken. Keeps an eye out for symptoms. It wouldn’t be much, cleaning and meals would be done by contracted services. Would suit a Personal Care Worker or Practical Nurse. Thanks for watching.

[@lilybeth7565]

@@ThisIsOurRetirement like that idea..

[@markbajek2541]

I do like the idea of a live in nurse, either in a hotel where you get to pocket the little soaps or in an apartment building where you pay for his or her residence and tack on a salary, maybe a meal allowance for them. And it would be nice to be able to split that cost up among neighbors (until, they decease or need a very high level of care) then you might have to split the costs across 3 instead of 4 apartments then 2, then it's just you left to take the entire cost of care. Get a lawyer to set up the legal paper work , nothing spoils a friendship like arguments over who get's to pay what costs when and on what days etc. Have a defined set of rules for everyone to play by and treated equally and it should be much easier sailing.

[@ThisIsOurRetirement]

Thanks for watching have a great weekend Cheers 🍷🌺🍺

[@richardmeech7422]

I don't understand how it would work. Should Norm require care before any one of the other seven people in the group, would those seven be expected to contribute to Norm's care immediately? And what happens to the last survivor of the group? Who will be paying for their care when everyone else is dead?

[@ThisIsOurRetirement]

The pool of money 💰 is paying for the care for all 8 people as and when they should need it , thanks for watching enjoy your weekend Cheers 🍷🌺🍺

[@richardmeech7422]

Yes get that but, presumably, each of the eight people will pay an amount into the pool each month. Therefore, as each member passes away, there will be increasingly less money being paid in. I doubt whether the scheme would be sustainable.

[@nssiraziz3246]

I prefer one of our children to stay with us, and one of them really have shown keen interest on the idea (if she gets married and her family buys the idea) - at least that is the plan for the moment. Another option would be to have a part time domestic helper who comes in 5 times a week. Something for us to think about ....

[@ThisIsOurRetirement]

Sounds like a good idea we hope it works out for you have a lovely weekend Cheers 🍷🌺🍺

[@TheEvie202]

Smart guy. Good scenario living in the Holiday Inn 👍🏼❤️ Love it! I’m not giving a retirement home my hard-earned pension! Bad enough I have to pay taxes on my pension in the USA 🤦‍♀️

[@ThisIsOurRetirement]

Isn’t it a great idea 💡 thanks for watching enjoy your weekend Cheers 🍷🇺🇸🍺🇨🇦

[@hannahjames3398]

This would be a great plug in for one of those meal delivery services if you were sponsored 😏

[@ThisIsOurRetirement]

It would! But we took a conscious decision to refuse sponsorship from companies. We are trying to keep an “authentic” voice. Thanks for watching have a great week.

[@4iglesias]

As always the information provided is very much appreciated. As another viewer said, "Thank you for sharing your experiences and ideas". Looking forward to the next one- Cheers

[@ThisIsOurRetirement]

Our pleasure glad you enjoyed it we really appreciate your support Cheers 🍷🌺🙂

[@rudfil]

I don't know about Ontario's long term care system...it scares the living daylights out of me. A better option would be to stay in your own place and hire a live in care worker from another country.

[@ThisIsOurRetirement]

Thanks for the suggestion Cheers 🍷🌺🙂

[@jlt1160]

Great options! Thx!

[@ThisIsOurRetirement]

Glad you like them!

[@eamonhunter8978]

Great topic guys. Do you have senior apartments though the different citys in Ontario based on your income etc. Edmonton Alberta 30% of your income and lodges when you need more support ? Thanks.

[@ThisIsOurRetirement]

We have all sorts , there are some available for lower income as well Thanks for watching have a great weekend Cheers 🌺🍷🍺

[@david-lt9wj]

Expensive care homes....fabulous wages for the staff...lovely jubbly..

[@ThisIsOurRetirement]

Just trying different ideas out

[@keepcreationprocess]

David.....Noooo.....you didn't do your homework do you ?

[@david-lt9wj]

@@keepcreationprocess w/o you diddle do your stuff there..and now.

[@neilrankin9945]

Excellent video! Hopefully provincial governments will incentivize this concept by having personal care workers living and caring for seniors in the same apartment building. It seems like they drive more than they care for people.

[@ThisIsOurRetirement]

It seems like a solution, how many homes can they afford to build?

[@neilrankin9945]

@@ThisIsOurRetirement No additional buildings required; designate one apartment unit in existing apartment buildings for a PSW or other medical professional looking like a nurse.

[@nickn146]

What about staying on a cruise all year

[@ThisIsOurRetirement]

Great option but covid? There was a news story on this with a guy living on a cruise ship 🛳 It is also quite expensive. Thanks for a great suggestion and adding to the conversation.

[@marksmith7896]

Another great topic !!!!! Like !!!!!

[@ThisIsOurRetirement]

Thanks for the visit have a great weekend Cheers 🍷🌺🍺

[@susanh6287]

Great ideas!

[@ThisIsOurRetirement]

Thank you! 😊

[@robgilbert3395]

I've been thinking a lot about the idea of running out the clock overseas, perhaps Portugal, Costa Rica, Spain or Ecuador (we've been to each). We've no kids, no mortgage, and no love of snow. Apart from missing our friends (and we'd hope to make new ones of course) is there a down side I'm not seeing to the notion of growing old somewhere more affordable than Canada?

[@shawnmoote4466]

My plan, too. A villa in Bali with a live in maid/chef is very affordable.

[@ThisIsOurRetirement]

Well we too are having all those thoughts as we too don’t like the snow ⛄️ even thinking 🤔 we might consider moving to BC where we hear the climate is a lot milder than Ontario 🧐thanks for joining our conversation have a great weekend Cheers 🍷🌺🍺

[@ThisIsOurRetirement]

Sounds great 🌺

[@LiveontheSunshineCoast]

@@ThisIsOurRetirement Hi! I enjoy your videos. Good work, you two!! I think it is in southern BC where you'll find the mildest weather in Canada. That's why we moved here to Gibsons, BC which is part of BC's Sunshine Coast. Lovely community here. 😃 Love to have you!

[@JP-tq7ni]

Quebec rates are less. My 92 years old relative rents a very very nice appartment like a condo. In a 55* senior bldg. she pays 2,300$ per month. All inclusive but meals are extra. The diner in nice dining room is about 10-12$. She makes her own lunch. Lots of activities. She can ring a buzzer if she needs help. For a small fee she can get cleaning, bath, wash hair or pedicures. etc. She loves it.

[@ellymunslow436]

Great video as usual 👏👏👏👏 Thank you❤️

[@ThisIsOurRetirement]

You are so welcome 🌺

[@mikedennington8856]

Alone is a hotel there is no interaction with others. Better to get together with a few other seniors and rent a house/apartment and get a nurse in as the first example here.

[@ThisIsOurRetirement]

Thanks for watching there are some hotels that do Happy hours and breakfast where you could meet people , enjoy your weekend Cheers 🍺🍷🌺

[@cdnsilverdaddy]

great ideas

[@ThisIsOurRetirement]

Glad you like them! thanks for watching 🌺🍷

[@edubermudez]

Cheers and like from Spain😁👍

[@ThisIsOurRetirement]

Thank you! Cheers! 🇪🇸 🍷🍺🇨🇦

[@mumzthewurd1]

It sounds like a good idea but Nurses make a lot more than $40k/year. Like double that. You might get a PSW for less.

[@ThisIsOurRetirement]

Free housing as well worth $35K in pre tax dollars

[@13noman1]

I think those are some creative options -- especially the Holiday Inn -- but are predicated on maintaining a fair level of health and function (ADLs and IADLs) -- including cognitive function. Sadly, the dementias (Alzheimer's is the most common but there are other types as ultimately devastating) are increasingly common with aging -- ~ 5% of the population @ 65...and upwards of 20% by the mid-80s -- and in the middle to later stages require a considerable amount of care that ultimately (sadly) does consume your capital (at least in the US). Bottom line? Continue doing what you're doing and enjoy life and independence as long as you can!!

[@ThisIsOurRetirement]

Sounds like great advice thank you , none of us has a crystal ball 🔮 we don’t know what the future will bring so it’s best to try and enjoy every day as it comes. Have a wonderful week Cheers 🍷🌻🍺

[@Dr.Sheffield]

God bless and many thanks 🙏

[@ThisIsOurRetirement]

You are so welcome!

[@qqummunicate9887]

one nurse may not be enough considering full time work is 8 hours per day for 5 days a week....you may be needing more help?

[@ThisIsOurRetirement]

It’s just a starting point Cheers 🌺

[@elterrifico9522]

Noooohm! I’m not sure the Holiday Inn idea is practical but it might work for a year. As I have no family I’ll have to move to a third word hell hole for my retirement. Haiti, perhaps

[@fjohn8985]

Haiti can't catch a break. They just got hit with another earthquake. :-( International Living website will give you Costa Rica, Panama, Mexico, Colombia, Portugal, Ecuador, Malaysia, France, Malta, Vietnam as the top 10 options for 2021.

[@elterrifico9522]

I was kidding about the Haiti thing, but truthfully I’ll have to leave the country shortly to finish off my life. Some of your suggestions are already at the back of my mind

[@elterrifico9522]

I was kidding about the Haiti thing, but truthfully I’ll have to leave the country shortly to finish off my life. Some of your suggestions are already at the back of my mind

[@ThisIsOurRetirement]

Hi El Terrifico, honestly Haiti 🇭🇹 doesn’t sound so terrifico 😂

[@elterrifico9522]

Ha! Maybe Birmingham. 😁

[@Y_Not1]

👏😊👍Wonderful video today. 😍💕😃

[@ThisIsOurRetirement]

Thank you! Cheers!

[@msbarb1]

WOW...I like the hotel ideal, bet more people will do this now that you mention it and the hotel will, start banning this, but hope not I like this ideal

[@ThisIsOurRetirement]

Thanks for watching we think it’s a great idea 🍷🌺

[@jennysoregonianretirement]

You can hire me as your nurse as long as HH is included with my salary!

[@ThisIsOurRetirement]

Great thanks for watching Cheers 🍷🌺🍺

[@Katy32344]

I have always thought I would rent a hotel if I didn't have a dog.

[@maureenpluthero8543]

Find a pet friendly hotel.

[@ThisIsOurRetirement]

There are pet friendly hotels motels, thanks for watching

[@mtadams2009]

I like your channel but this one was more like fantasy land. I am in my early 60s and have taken care of elderly parent and also financed their care in their own apartments and paid for their care in a nursing home. All of those in my family who have needed care needed real care. Either because of poor health or dementia which is the worst. Getting healthcare workers for the numbers you are running are extremely low and good luck getting good care. My mother had so many people I lost count. Sadly as we age things happen to us we never could have imaged. You did not mention it but both my mother and my wife's gift was their family. We all did our best to help and also payed up. My wife's mother has long since gone through her savings and it's on us now. We pay thousands a month and fortunately we can do this. In the US we need a better system but it will never happen. This is a very difficult subject and don't take my criticism to hard I though your ideas were not really doable from what I have experienced. To be honest I fear getting old like my parents. Take care

[@ThisIsOurRetirement]

Thank you for sharing your personal story we were only giving some ideas for people to think about , enjoy your weekend 🌺