A middle-aged gentleman had recently turned 45 when he started thinking about his retirement, as most people do at this age. He had originally planned on checking into a retirement home when he was old enough to retire using the funds from his 401K plan. When he researched the costs of most retirement plans, he had an epiphany: Why not just check into a Holiday Inn?
This can sound ridiculous, until you actually think it through a little. Most nursing home costs amount to about $188 a day, and are steadily increasing. With long-term stay and senior discounts, a room at the Holiday Inn will only cost you about $49.23 a night! There is a lot you can do with the $138.77 left over.
He realized that he could eat at almost any restaurant he wanted to. He would also have enough left over for expenses like laundry, groceries, TV movie specials and tips for the staff.
Along with the money saved, he would have access to a clean swimming pool, a customer lounge, a laundry room and a gym. Guests also receive free shampoo, razors, soap and toothpaste. With the extra money he had for gratuities, the staff would probably not be able to do enough for him!
He considered the added benefit that seniors can ride for free on city buses around the country. If he wanted to, he could move to a Holiday Inn in another city for a change of scenery. Family and friends could easily visit whenever they wanted to. The list of benefits quickly increased the more he thought about it.
In this new economic environment, it pays to use your own unique judgement skills to save yourself unnecessary pains and overspending.
