Re: Harley?????Not!!!!



Dr. Quin wrote On 20/02/06 01:12 PM,:
On Sun, 19 Feb 2006 19:25:21 GMT, Don Kent <kentdonald@xxxxxxxxxxxxxxxxx>
declared:


On Sun, 19 Feb 2006 09:40:39 -0700, "SteveI (Irv)"
<steve@xxxxxxxxxxxxxx> wrote:


Don Kent wrote:

On 17 Feb 2006 04:42:17 -0800, "ilbcnurico@xxxxxxx"
<ilbcnurico@xxxxxxx> wrote:

<snip>

ok... I have to toss this out for y'all to chew on.

True story...

First Shirley a drink for the house while they listen...

In 1966, after getting screwed by the Federal Soil Bank program ('nother story
for another time), my dad sold the family farm that was earned by my grand
parents in the Dakota Territory trees for land program (plant an acre of
trees, get 10 acres of land - forget at the moment the actual name).

He took his first professional job, one that actually produced a weekly
paycheck and had benefits - something he'd never ever had running the farm. He
thought the 401(k) program was the best thing since sliced bread.

He contributed for 20 years into his retirement plan, hit 65 and retired but
didn't touch his retirement money. Instead mom and dad decided they would
wait 8 years until mom could retire. The plan was she would continue to run
her restaurant until 64, sell it and they would then start planning their
motor coach excursion around the states.

At 64 mom sold the cafe', at 64 and 3 months her and dad, feeling on top of
the world, went in to get their annual physicals in preparation to traveling.
The Dr didn't wish them well on their travels, but rather advised mom to get
her affairs in order because she had small cell cancer in her right lung -
from smoking... and this *after* she finally was able to quit just 3 month
earlier.

So... it was hospital bills, Dr bills all in the thousands... and
medicare/medicaid wouldn't pay a dime because dad had 20 years of
contributions sitting in his retirement fund, the house was paid free and
clear, the cars and motorcycles were paid free and clear, and because the only
bills they had were the utilities. The bills kept climbing and climbing...
one session at the hospital was averaging $50k.

Bottom line? The house and ALL other assets were auctioned off, my parents
were forced to move into subsidized housing (which, by the way, were brand new
and rather nice) and all the funds, including the 401(k) had to be paid toward
the medical bills... then and *only* then would medicare/mediaid kick in to
cover the balance. Dad wrote a check to the hospital for $1.5M... three
months later, on the morning of her 65th birthday, mom signed her retirement
papers, called me and my two brothers and died at 2:15 that afternoon.

Now today, dad lives in the same subsidized housing, living on social security
wishing the hell they had traveled on vacations all those years instead of
doing nothing...

Isolated incident? After doing research I found this scenario plays out way
too often.

Like Don's comment below:

The commercial on TV that shows ya all kinds of bizarre *** happening
before it tells ya that "Life Come at you Fast" ain't shitting one bit.


It's all too true.

Dr. Quin
we are not evil
(just don't piss us off)
*Remove yourclothes to email me*

1. My sympathies to you. Bitch of a story and one that I hear over here
- even tho we have a totally different system! Even hear of people
getting divorced so that they can seperate their money!

2. I have my super (Suppose it is a little like your 401(k) - but
basically have sunk all my 'spare' money into a very large house. When
wife and I get to retire will sell the house and move to smaller one and
take the capital increase tax free (no capital gains tax on own house).

3. Short sighted (maybe) but we are using SKI money (Spending Kids
Inheritance) - So I have HD and wife has BMW and we are going on a
cruise this year.

4. I would rather enjoy myself now when I can rather than later (when I
either cannot or may not even be here).

5. Taking reincartaion (sic) aside, last time I looked we only got once
chance at life - so I intend to have a ball!

Stan

.

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