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CNN Stroumboulopoulos August 4, 2013 03:17:00

Security only gives you $1,230 a month and medicare only covers you up to 100 days for an extended period of time in a rehab or nursing facility. that s not much help when today some experts predict the average person will need roughly $900,000 to cover their expenses throughout their retirement. a staggering amount when you consider that the majority of senior citizens have less than $30,000 saved for retirement. if you want to live forever, you better find a way to pay for it. no, i want to just kind of hear your thoughts on tootie s financial situation. oh, my. and where she is. well, our dad when he retired, he opted for them to, you know, take his retirement money and invest it. they were guaranteed a certain amount of money every month. right. for 20 years. well, mother has outlived it. ....

Nursing Facility , Senior Citizens , Mo Ney ,

CNN Stroumboulopoulos August 4, 2013 03:08:00

She really does. she looks good. sharp as a tack still. oh, i think tootie is very, very fortunate, okay, in a lot of respects. tootie s got two or three people that she can call if she has problems with the house or got a water problem or, you know, whatever. they re right there. yeah. what do you think it would take for you and becky to make the decision that tootie would have to go into some sort of an assisted living or a rest home? if she were to the point that she absolutely could not take care of herself at all. yeah. what brings you out here today? my grandmother is 91. okay, okay. and my father s mom. okay. and so we re just looking at, you know, some possibilities where she could possibly be in a few years. okay. all right. the needs of aging americans are changing, and so are the facilities that care for them. nowadays, many of them are actually comprehensive care facilities that offer the benefits of independent living, plus a high level of supervi ....

Water Problem , Rest Home , Assisted Living , Care Facilities , Independent Living ,

CNN Stroumboulopoulos August 4, 2013 06:04:00

Every week someone helps her with her grocery shopping. okay. and drives her to her weekly appointment at the beauty parlor. how long has tootie been coming here? she started coming when i first opened the shop 41 years ago. wow. but this week tootie has a monumental event, her 74th high school reunion. and i get to be her date. one, two, three, big smile, toots! oh, that s good. that s a good one. there you are. look at that, class of 38, lorraine spurlock. are you the only one at your place? i m the only one i know of. i think you re a miracle. tootie has lived in the same town for 91 years. she is a cornerstone of her community, and to this day, has friends she has known for decades. all right, sweetie. well, bless your heart. how you doing? ....

Grocery Shopping , Beauty Parlor , High School Reunion , Big Smile , Lorraine Tootie Spurlock ,

CNN Anderson Cooper Special Report August 4, 2013 00:15:45

Transcripts for CNN Anderson Cooper Special Report 20130804 00:15:45
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CNN Stroumboulopoulos August 4, 2013 03:30:00

Okay. then let it go. oh, look at that, there it goes! you could go all the way! nice! see? you left two. there it goes. tootie, you re going to pick up the spare. you re going get the spare. that is looking good. that s looking oh! oh, goodness. oh, my gosh. so you re good at this game. i love you. you re sure sweet. thank you. you re a good somebody. how are you doing? oh, i m fine. good. you look pretty as usual. ....

Aunt Becky , I Love You ,