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Retirement is expensive. According to the latest Bureau of Labor Statistics data, households that are 65 or older spend an average of $45,756 per year, or roughly $3,800 a month. That’s just $1,000 short of the average spent by all U.S. households combined. And considering that a GoBankingRates survey found that 57% of Americans have less than $1,000 in savings, people are looking to save a little money in retirement.
Terry Robinson, from Spring, Texas, has a pretty clever plan for his retirement. Instead of heading to a retirement home, he’s going to spend his twilight years at a Holiday Inn—and it’ll be cheaper.
Robinson wrote a Facebook post detailing his retirement plans, which has since gone viral with over 105,000 shares and plenty of comments. He starts:
“No nursing home for us. We’ll be checking into a Holiday Inn! With the average cost for a nursing home care costing $188.00 per day, there is a better way when we get old and too feeble.”
“I’ve already checked on reservations at the Holiday Inn. For a combined long term stay discount and senior discount, it’s $59.23 per night.”
Robinson goes on to detail all the benefits of living at a Holiday Inn instead of a nursing home.
“Breakfast is included, and some have happy hours in the afternoon.”
“That leaves $128.77 a day for lunch and dinner in any restaurant we want, or room service, laundry, gratuities and special TV movies.”
“Plus, they provide a spa, swimming pool, a workout room, a lounge and washer-dryer, etc. “
“Most have free toothpaste and razors, and all have free shampoo and soap.”
“$5-worth of tips a day and you’ll have the entire staff scrambling to help you.”
“They treat you like a customer, not a patient.”
“There’s a city bus stop out front, and seniors ride free. “
“The handicap bus will also pick you up (if you fake a decent limp).”
“To meet other nice people, call a church bus on Sundays.”
Living at a Holiday Inn also opens up the opportunity to travel.
“For a change of scenery, take the airport shuttle bus and eat at one of the nice restaurants there.”
“While you’re at the airport, fly somewhere. Otherwise, the cash keeps building up. “
“It takes months to get into decent nursing homes. Holiday Inn will take your reservation today.”
“And you’re not stuck in one place forever — you can move from Inn to Inn, or even from city to city.”
“Want to see Hawaii ? They have Holiday Inn there too. “
“TV broken? Light bulbs need changing? Need a mattress replaced? No problem.. They fix everything, and apologize for the inconvenience.”
“The Inn has a night security person and daily room service. The maid checks to see if you are ok. If not, they’ll call an ambulance . . . Or the undertaker.”
“If you fall and break a hip, Medicare will pay for the hip, and Holiday Inn will upgrade you to a suite for the rest of your life.”
“And no worries about visits from family. They will always be glad to find you, and probably check in for a few days mini-vacation. The grand-kids can use the pool. “
“What more could I ask for? So, when I reach that golden age, I’ll face it with a grin.”
What a plan. Plenty of people seem to be on Robinson’s side with his ingenious plan. One commenter wrote: “I agree with you. The hotel will wash the sheets and towels for you too. In some of the assisted living places you have to wash everything.”
Another Facebook user pointed out that some people are already doing this very thing: “I’ve actually met an elderly lady one time that was actually living in a Hampton Inn. She was quite content.”