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Old 08-02-2017, 07:41 AM   #41
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You probably didn't mean this as an insult to Canada, but lumping Canada in with Central America this way is quite an affront. I could afford to live anywhere in the world, but Canada is my home. There are many reasons why, but let's not go there.
I think you're reading something into the post that isn't there.
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Old 08-02-2017, 07:59 AM   #42
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I think you're reading something into the post that isn't there.
Could be, maybe he could clarify? As I said I doubt it was intentional. Wording is basically as follow: "Why would anyone who has some money live in Canada when they can live in the US? ". Sounds a little insulting to Canadians?
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Old 08-02-2017, 08:27 AM   #43
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I think you're reading something into the post that isn't there.
Okay, let's flip it around:

Why would anyone with such excess live in Central America or the United States when they can easily afford to live in Canada?
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Old 08-02-2017, 08:39 AM   #44
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.... I could afford to live anywhere in the world, but Canada is my home... .
Exactly, it's your home--But Canada has NOT been home to the OP and his parents for a long long time so presumably they enjoy living where they are (as do you, in Canada), and now consider that their home.

There may be reasons for them to return or go to a different country but it doesn't sound like finances is one of them.
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Old 08-02-2017, 08:45 AM   #45
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Okay, let's flip it around:

Why would anyone with such excess live in Central America or the United States when they can easily afford to live in Canada?
Because of the winters ONLY (Really that is my only complaint). We lived in Canada for a long time. Left because of the weather mainly, that and I got a Job in California, and I had company sponsored Healthcare. That was hard to resist. Now we have ER'd, we are Seriously considering moving back North if things go pear shaped here. OK throwing another $500k at a home is a little tough, but we would choose that option to live by the West Coast. There are other places, that are not so expensive.

We lived in Ontario and Calgary and visited the Vancouver area of BC regularly. The Healthcare system is fine we certainly had no complaints, and best of all No Paperwork, Deductions, Co-Pays or surprises, and the icing on the cake is, it is basically worry and stress free. You still pay for drugs if you do not have a supplemental insurance package. (Like Medicare Here in the USA). If your condition is minor you may have a wait in some areas, but in all the time we spent there we never did. I had a serious operation and the service was wonderful, 10 days in hospital in downtown Calgary, my room overlooked a reservoir.

It makes me laugh when I hear, Read or talk to people that berate the Canadian healthcare system based on hearsay, when they have no personal experience with it. OK there are some sad stories to every system, but it is leaps and bounds ahead of our pre-retirement system here in the US, but can be compared directly with Medicare. ACA did make some improvements though, but is far from perfect. As it happens it works well or us.
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Old 08-02-2017, 08:54 AM   #46
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Because of the winters ONLY (Really that is my only complaint).
I agree about the weather, but my entire social network is here, so I'm staying.

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It makes me laugh when I hear, Read or talk to people that berate the Canadian healthcare system based on hearsay, when they have no personal experience with it. OK there are some sad stories to every system, but it is leaps and bounds ahead of our pre-retirement system here in the US, but can be compared directly with Medicare. ACA did make some improvements though, but is far from perfect. As it happens it works well or us.
I also agree. I don't know a single person who would trade our healthcare system for the US system.
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Old 08-02-2017, 09:00 AM   #47
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We often find offense when we look for it. People are free to live anywhere they choose, including Canada, Central America, the US, and elsewhere. To state a preference is not to insult or demean the choice of another.

Let's not make this thread about being offended by a stated preference, and let's get back on topic, eh?
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Old 08-02-2017, 09:06 AM   #48
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Exactly, it's your home--But Canada has NOT been home to the OP and his parents for a long long time so presumably they enjoy living where they are (as do you, in Canada), and now consider that their home.

There may be reasons for them to return or go to a different country but it doesn't sound like finances is one of them.
Ya, I get that. I spend about a third of my time in the US and consider it a home away from home. Nevertheless, the post I am referring to is,
on the face of it at least, insulting to Canadians, in my opinion.
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Old 08-02-2017, 09:06 AM   #49
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I also agree. I don't know a single person who would trade our healthcare system for the US system.
The Canadian Prime minister came to the US for open heart surgery. Danny Williams, premier of Newfoundland and Labrador
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Old 08-02-2017, 09:09 AM   #50
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The Canadian Prime minister came to the US for open heart surgery.
I don't know him...

But, I do know a few Canadians who moved to the US that came back to Canada for some medical treatments.
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Old 08-02-2017, 09:19 AM   #51
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What a lot of people love to gloss over is that the US is not monolithic. CA and NYC are so dissimilar that comparisons are laughable. Even Florida is different depending on where you live, e.g. downtown Orlando is totally foreign to people who just visit DisneyWorld et al. Key West has a life of its own.

The OP seems to be focused on their portfolio, probably a tougher thing than where they live.
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Old 08-02-2017, 09:25 AM   #52
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What a lot of people love to gloss over is that the US is not monolithic. CA and NYC are so dissimilar that comparisons are laughable. Even Florida is different depending on where you live, e.g. downtown Orlando is totally foreign to people who just visit DisneyWorld et al. Key West has a life of its own.

The OP seems to be focused on their portfolio, probably a tougher thing than where they live.
+1 Many of my friends have run to Florida, when its important , they fly back to NYC for the operations/second opinions.
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Old 08-02-2017, 09:32 AM   #53
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Ya, I get that. I spend about a third of my time in the US and consider it a home away from home. Nevertheless, the post I am referring to is,
on the face of it at least, insulting to Canadians, in my opinion.
I see why you took it that way and I probably would too if I were you, but I honestly don't think pb4uski meant it that way--I read it as why would one move away from one country to another country if one could afford to stay in the original country. But I could be wrong--I often am
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Old 08-02-2017, 09:33 AM   #54
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I spend a lot of time in Canada and like Canada...and certainly very different than Central America... but too cold in the winter for me. No insult intended.
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Old 08-02-2017, 09:51 AM   #55
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The Canadian Prime minister came to the US for open heart surgery. Danny Williams, premier of Newfoundland and Labrador


For a procedure that was invented in Toronto, and I believe the Toronto hospital still has the best success rate in the world for the valve replacement.
I'm near the border and the only time I hear from my health care working friends of Canadians coming for procedures is Lasix eye surgery when exchange rates are favorable. But I know US citizens that had Lasix in Ontario as it was half price due to exchange rates then.
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Old 08-02-2017, 10:00 AM   #56
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On many measures, Canada ranks very high as a good place to live...
If I could spend the summer in Canada I'd be there in a skinny minute.

I don't handle the sweltering heat in the south as well as when I was a kid.
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Old 08-02-2017, 10:13 AM   #57
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What do you suppose it would be like in Canada vs US if one or both transition to long-term care? Probably not something they want to discuss, but it becomes very important for many, later in life. Do you know of any cost comparisons between the countries?
No cost comparisons, but personal experience in Ontario.

My sister and I (both living in the U.S.) were POAs for our bachelor uncle who lived alone in a large suburb of Toronto, Ontario. In the early 2000s, as he was in his late 80s and starting to need assistance with his daily life, we began shopping for assisted living places and eventually long-term care places in his area.

We visited about 6-8 assisted living places...some were small and old and others were large, modern places. At the assisted-living place he chose, he lived in a very nice, bright private 1-BR room with ensuite bath...and the cost was around $2500/mo. (incl. 3 meals/day, bathing assistance, medication administration). The cost was based on a rent-to-income calculation. He had been a LBYM person with a nice little nest egg and small pension plus OAP (like social security in the U.S.) that was factored-in to what he was charged. Others paid less.

As he aged and his health started declining (he was still mobile, but was starting to develop a few issues that required more care), the staff suggested that we start shopping for a long-term care place for him.

We learned that the LTC places there were always full. Openings occurred on a random basis, usually when a resident passed away. You put your name on a list, when an opening occurred you had 48 hours to take occupancy or you lost your spot and it was offered to the next person on the list.

We visited about 5-6 LTC facilities and chose a modern residence that looked to be very well-run. They even had a few pet cats residing there, which made it seem homey. We put our uncle's name on the list. The LTC place called us a few months later when a room became available and we moved him in. He had a very nice private room for ~$2000/mo. He lived there comfortably for a few years before he passed away at age 94.

We made 6-8 unannounced trips a year to visit him and were impressed with the staff and cleanliness at both the assisted living and LTC factility. We had periodic meetings with the doctor and staff. They kept good records on his care and had suggestions for us when he was in need of something (e.g. vision check or dental work). We felt he was well cared-for.

Our parents, who lived in the U.S., lived out their lives in their own condo, so we didn't have any experience with the U.S. equivalents of assisted living and LTC, although we have heard many stories of how expensive they can be.

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----

I just found this online:
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File Type: jpg Ontario LTC.JPG (34.4 KB, 14 views)
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Now we return to our regularly scheduled program
Old 08-02-2017, 10:13 AM   #58
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Now we return to our regularly scheduled program

Back to the OP's question, I suggest parking Dad's dough in equities and letting it incubate until needed, if ever.

I suggest it's analogous to the lesson we tried to teach our young'uns, that just because you have a pocket full of money doesn't mean you have to run out right away and spend it.

It does no harm to simply possess it, and from a macroeconomic perspective, just by existing it's doing good for people you don't even know. It's part of railways through Africa, dams across the Nile, fleets of ocean greyhounds, majestic self-amortizing canals, and plantations of ripening tea.
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Old 08-02-2017, 10:21 AM   #59
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Back to the OP's question, .
Now We Return To Our Regularly Scheduled Program.
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Old 08-02-2017, 11:45 AM   #60
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The Canadian Prime minister came to the US for open heart surgery. Danny Williams, premier of Newfoundland and Labrador
Yes. This is sometimes used as an argument against the Canadian health care system. Indeed I have travelled to Cleveland from Toronto in order to get a procedure done at the world famous Cleveland Clinic. I did this to save the time and effort of seeing a specialist and getting all the tests required. The 5 figure cost seemed reasonable to me and Cleveland was able to perform the work the next day. No fuss no muss and performed by a world respected specialist. I believe this was a level of service generally not available to Americans.

Danny Williams was a wealthy politician who felt the specialists in the US (could have been Cleveland or Mayo not sure) were better qualified and easier to use than those in his poor province of Newfoundland. He paid for this, I believe, out of his own pocket.

I don't believe the fact that wealthy Canadians sometimes access US healthcare for procedures not available in Canada or hard to find or simply more convenient or performed by world renowned specialists makes the Canadian system in some way inferior. It works very well for the vast majority of Canadians in the vast majority of cases. Just because wealthy people may sometimes buy Mercedes Benzes doesn't mean chevies are bad. As someone has already said, I doubt you could find many Canadians who would voluntarily switch to a US style system. They would very likely be the wealthy who could simply pay cash for health care without worry.

The Canadian healthcare system certainly isn't perfect. My biggest beef is I can't easily access privately paid healthcare in Canada. But Cleveland is only a 5 hour drive from Toronto. It's a reasonable compromise in my view.
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