How so escorts handle the mundane yet pricey aspects of living? Such as...

[healthguy]

These are a few of the questions that pop into my mind in the early am hrs.

How do escorts handle things like:

A) Health insurance? Do you just take a chance and hope you never get

slammed with a $100,000 hospital bill?

B) How do you plan for "retirement?" 401k's, investments, stocks? Are you not

required to list an occupation in this stuff?

C) And, taxes??? Again doesn't the occupation thing come up?

Just wondering, not trying to be nosey, and really concerned. Seems like there are some escorts that have been doing this for a number of years, and are great individuals. Would hate for them to end up in a rocker looking out the window of some state assisted nursing home!! Take care all, and thanks to all who took the time to answer my questions about "older clients." Very bright and enlightening group of you out there.

[bigvalboy]

I can't answer for all escorts, but of the ones I have hired, all had other jobs, some very lucrative. I just hired a very well known escort for my trip to Fort Lauderdale, and in an exhange of very nice e-mails as we were trying to coordinate our schedules he began telling me about his other job..The boy is very talented indeed, so as young as he is, if he continues on this course I am sure that he will be fine.

[Kevin Slater]

Health insurance? Do you just take a chance and hope you never get

slammed with a $100,000 hospital bill?

 

I certainly hope not. One can easily purchase an individual plan.

 

 

And, taxes??? Again doesn't the occupation thing come up?

 

The IRS doesn't really care what you do, so long as you pay taxes on it. Yes, form 1040 has a line for the six-digit code of your profession; I simply put "999999: Consultant".

 

How do you plan for "retirement?" 401k's, investments, stocks? Are you not

required to list an occupation in this stuff?

 

The investment house doesn't really care, either. The forms to enable derivative trading may ask your profession, but they're just trying to figure if you're a professional money manager. Again, I'm a consultant.

 

Truly, none of this is any different than any other sole proprietor would (or should) do.

 

Kevin Slater

[+ Charlie]

. Seems like there are some escorts that have been doing this for a number of years, and are great individuals. Would hate for them to end up in a rocker looking out the window of some state assisted nursing home!!

I have the same concern about the clients (myself among them).

[seeker630]

I have the same concern about the clients (myself among them).

 

Definitely! I'm currently managing the affairs of my 87-year old father and doing all I can to enable him to live in his own home as long as possible. Often, when I buy his groceries or take him to his medical appointments, he thanks me and then asks, "Who's going to do this for you?"

[Epigonos]

Interesting question!!! All of the GREAT escorts I have known do NOT have other jobs (occupations/careers). All had previous jobs (occupations/careers). They all have private health insurance plans. The ones I know are either certified masseurs or physical fitness trainers/consultants. These occupations allow them to pay taxes with little hassle. Several of the guys invest in property, others invest in the stock market, and others buy 401K or ROTH Ira’s. ALL these guys share one quality they are highly intelligent and most are highly educated. They are going to make it just fine in the future.

[jjkrkwood]

My GREATEST concern at this stage of my life is WHO will care for me and my affairs IF it is needed??? Its a consuming thought....

[gallahadesquire]

A) Health insurance? Do you just take a chance and hope you never get

slammed with a $100,000 hospital bill?

 

ONLY $100,000? When I last looked, the FIRST part of my hospitalization last year was over a quarter of a million.

WHole thing probably came to $350,000.

[bigvalboy]

Definitely! I'm currently managing the affairs of my 87-year old father and doing all I can to enable him to live in his own home as long as possible. Often, when I buy his groceries or take him to his medical appointments, he thanks me and then asks, "Who's going to do this for you?"

 

Hi Seeker, just went through this exact thing with both my parents, whom I lost both in the last 3 years. My mother needed a live-in nurse 24/7...The cost is about 5k a month, and her medical insurance didn't cover that expense. So I was concerned about myself, having no children or family of my own, what would I do if in my late 80's I needed that kind of help. At around 5k a month plus your normal living expenses, a person could quickly exhaust a life time of savings. I have investigated LONG TERM HEALTH CARE. Many insurance co's provide such a plan. They would cover the majority of your care, should you find yourself in that position. First of the year, a couple friends and I are all going to get together and research this further. It is a solution for gay men as we age, since most of us do not have children that can help. In a month or so I will post my findings in the forum for others to consider.

[jjkrkwood]

ONLY $100,000? When I last looked, the FIRST part of my hospitalization last year was over a quarter of a million.

WHole thing probably came to $350,000.

 

I was hospitalized for 5 days with Kidney stones and got a $72,000 bill.... Long TERM health insurance is, for people of the more MATURE generation, QUITE EXPENSIVE, and in some cases prohibitive. Also you are NOT eligible for MOST plans if there are pre-exisiting conditions. As a cancer survivor, I DID NOT qualify.....

 

Our govt assumes ALL its people have HUGE savings and therefore CAN afford the supplemental health care you need to have once you reach retirement age. With no income coming IN, and all your savings going OUT, how long do they expect the average person is able to sustain themselves with housing and health care your 2 BIGGEST expenses. ?

[KMEM]

Seeker630 and bigvalboy,

 

I am very interested in what you discover. I am more than a little afraid the "facts" will not be pleasant but then nothing about getting old, feeble and unable to not only care for oneself but pay for one's care is pleasant, is it?

 

Even IF the "state" provides care for the elderly in dire straits, is that a "good" deal? The point being that both the well insured and the "poor" are not likely to be "happy" with elder care, are they? Even the wealthy will need a "supervisor" with their care or they will be neglected in some way or another, or so I fear.

 

Best regards,

KMEM

[seeker630]

Seeker630 and bigvalboy,

 

I am very interested in what you discover. I am more than a little afraid the "facts" will not be pleasant but then nothing about getting old, feeble and unable to not only care for oneself but pay for one's care is pleasant, is it?

 

Even IF the "state" provides care for the elderly in dire straits, is that a "good" deal? The point being that both the well insured and the "poor" are not likely to be "happy" with elder care, are they? Even the wealthy will need a "supervisor" with their care or they will be neglected in some way or another, or so I fear.

 

Best regards,

KMEM

 

KMEM and BigValBoy,

 

I am (hopefuly) fortunate that, in my 40's, a friend convinced me to take out a long term care policy that was promoted at work, and I have continued to pay the monthly premiums (although I have not opted for several 'upgrades', which might have been mistakes).

 

But even if I have the financial resources, having a person to watch out for me is worrisome. My father has dementia and although he is functional in his own home, he is unable to learn new routines (e.g., changes in medications) or to form new memories, generally. I am likely to outlive my only sibling and possibly my closest friends, so the lack of an advocate is troubling.

[+ deej]

If you are age 50 or over, join AARP. (The discount you'll get on your first hotel stay or car rental will pay for a two year membership. It's a wash.)

 

You'll get regular offers for things like long term care insurance, and as a targeted demographic the rates generally really are better than on the open market. AARP has some muscle in the insurance sector.

[+ Charlie]

I fear that I hijacked the direction of this thread with my first comment. The topic that has developed is quite important, and deserving of a thread of its own so that people who are interested in it can find it, so I will start one.

[jjkrkwood]

I fear that I hijacked the direction of this thread with my first comment. The topic that has developed is quite important, and deserving of a thread of its own so that people who are interested in it can find it, so I will start one.

 

I wouldnt call it "hijacked" Charlie, afterall, escorts are people too, and they get old like the rest of us, and some valuable info has been presented which may be of interest to them now or in the future.

[jimboivyo]

a great escort can manage these things with ease. they have savings, investments, fall back plans, medical insurance, etcetera. I smile in knowing that a few of my favorites will leave this profession with the ability to retire. for good.

[bigvalboy]

KMEM and BigValBoy,

 

I am (hopefuly) fortunate that, in my 40's, a friend convinced me to take out a long term care policy that was promoted at work, and I have continued to pay the monthly premiums (although I have not opted for several 'upgrades', which might have been mistakes).

 

But even if I have the financial resources, having a person to watch out for me is worrisome. My father has dementia and although he is functional in his own home, he is unable to learn new routines (e.g., changes in medications) or to form new memories, generally. I am likely to outlive my only sibling and possibly my closest friends, so the lack of an advocate is troubling.

 

I certainly understand your concerns, my sister and I went through a rather exhausting process choosing nurses, and on more than one occasion I came over to my parents house un-announced and surprised a few nurses not doing there duty. I terminated them on the spot. There are however several organizations that would help with those decisions, once you were unable to. You would have to contact and contract with them as part of your long term health care before you were unable to make those decisions on your own. Also my Aunt who is 93, pays about 5k a month for her facility she stays in. In SoCal there are a chain of them called 'Sunrise'. They provide various levels of care and are very attentive to her needs. She has her own little apartment in the complex. It works perfect for her, and most of her insurance covers this cost. there is so much information out there, you just have to start the research.

[cany10011]

Forgive me for being contrary, but I think that to attain investments, property, etc..as an escort requires a great deal of frequent clients as well as discipline and budgeting like anyone. The guys I see normally are students who escort as a means to an end and not as a profession. They live month to month and are often looking for more frequent hookups towards the beginning of the end of the month when rent is likely due.

[seeker630]

Forgive me for being contrary, but I think that to attain investments, property, etc..as an escort requires a great deal of frequent clients as well as discipline and budgeting like anyone. The guys I see normally are students who escort as a means to an end and not as a profession. They live month to month and are often looking for more frequent hookups towards the beginning of the end of the month when rent is likely due.

 

I think you make an important distinction. There are those who escort merely to supplement their income, usually short-term, and there is a minority, I suspect, who view it as a profession and a ''serious' job (even if they have another career as well).

[jimboivyo]

and that is what separates us in hiring. I don't want to see guys who are desperate for money because the experience, in my opinion, suffers for it.

[Guest joeburger]

I've always had a full time job that covered all of that. Escorting was always a side job.

[+ Tygerscent]

A). I pay $525 each month for health insurance~

B). I invest diversely.

C). I declare everything and keep it all above board~ The gov takes quite the percentage~ I file quarterly. There is nothing illegal about being an Escort/Companion.

[maxwellissmart]

A). I pay $525 each month for health insurance~

B). I invest diversely.

C). I declare everything and keep it all above board~ The gov takes quite the percentage~ I file quarterly. There is nothing illegal about being an Escort/Companion.

 

Wow, $525 is steep. I pay like, $150 for an individual policy through BC/BS, plus an additional $35 for Delta Dental.

 

Oh, the days when insurance was given to employees and their families as perks for working there...

[jjkrkwood]

Wow, $525 is steep. I pay like, $150 for an individual policy through BC/BS, plus an additional $35 for Delta Dental.

 

Oh, the days when insurance was given to employees and their families as perks for working there...

 

MAX, $150 for a single a month with BC/BS sounds unbelievable. It must carry a HUGE deductible, meaning there is co-insurance costs YOU are responsible for until you have met your deductible. I also have BC/BS, but as a flex spend plan that I actually fund. No office copays, but I am still spending MY money until i reach my deductible... and it is thru my business and THAT plan costs $300 per month for a single....

[Bosguy]

Wow, $525 is steep. I pay like, $150 for an individual policy through BC/BS, plus an additional $35 for Delta Dental.

 

Oh, the days when insurance was given to employees and their families as perks for working there...

 

With that vast difference, I think Tyger pays on his own--no group discounts or contributory monies. Not being nosey, but is yours a group plan through an employer who pays a percentage in addition to a lower rate?

 

Boston Bill