One simple way to look at it, which nobody wants to: We all have a use-by date and nobody likes that.
But the thing I want you to think about in the context of a use by date is you. We all have one; we all get old, we all die. It is inevitable. And if you look at CMS -- Medicare and Medicaid -- you can see where a huge amount of money goes.
What you won't see is where it comes from beyond the government impact.
It's not just money.
It's also quality of life, and where you live it -- and whether you choose to live it.
We can go through all the insanity that my generation (Boomers) and Gen-X not only permitted but cheered on -- including Obamacare. But until and unless we're all willing to use existing law to start throwing those who have exploited this into prison (and existing law says we can, with no new laws required) costs are not going to come down other than by societal and government collapse.
And if you suffer a heart attack, stroke or other seriously-debilitating condition you had better have figured out how you're going to pay for your personal lack of being willing to force these issues to be addressed and changed which, if you're older than 50, is absolutely your responsibility because for the last 30 years you have let this go on.
Many people presume they'll age reasonably-gracefully and ultimately pass with peace. Maybe. Or maybe you'll have a nasty stroke, or perhaps become demented or have some other condition that you simply can't handle alone and your family either won't or can't. What are you going to do if that happens?
I've made my peace with how that shall play out if and when it happens and "peacefully and gracefully" isn't how it is.
Have you?
Because if not I'll tell you how it will happen.
Every penny you have will be asset stripped to the tune of $10,000 or more a month in a nursing home or $100,000 a month or more in a hospital until you're dead. Your house, your portfolio, all of it. If not directly then indirectly after you die when Medicaid comes and liens all those assets and prevents them from going to your heirs. If you try to transfer them out less than five years before the event happens they will all be clawed back and if you did that your heirs will be double-screwed particularly if they spent any of it. Worse, if you do transfer them more than five years out that has to be irrevocable to count too.
Oh I know there will be people who says there's a way to evade this. Well, maybe. You're free to try to it of course.
The problem with refusing to address issues is that they don't actually ever go away. They just hide around the corner and then come to screw you later when you think you've been so smart.
