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Old 04-24-2014, 12:46 PM
 
Location: NY
9,130 posts, read 20,009,690 times
Reputation: 11707

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Of course you still save for retirement. Otherwise, what happens if you get to retirement healthy and happy, and have $0 in the bank. You won't be happy, because you won't be retiring.
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Old 04-25-2014, 12:30 PM
 
4,862 posts, read 7,962,597 times
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Get a good size life insurance policy, marry a good woman and live the best you can. Have a plan in case you do live a long life and have a plan in case you don't. Nothing is guaranteed be it health or an accident.
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Old 04-25-2014, 12:41 PM
 
Location: NJ
31,771 posts, read 40,693,520 times
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Quote:
Originally Posted by davebarnes View Post
Leave something for your children.
Give them a head start on retirement savings.
you should be saving up so that your kids never have to work since you basically murdered them with your genes.
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Old 04-27-2014, 03:00 AM
 
Location: Tucson, Arizona
339 posts, read 832,766 times
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Quote:
Originally Posted by KosmoKramer View Post
Let's say your immediate family has a history of early deaths (e.g., cancer, heart disease, high predisposition to certain illnesses, etc.). The longest that any of your family members has lived to is in the 50-60 year range.

At this point, would you even bother saving for retirement? Why or why not?
I would, because you never know, you could be the one to start a new trend in the family and break the cycle. Also with more advances in medicine these days by the time you reach 60 they may have more cures than when previous family members were alive. Plus we're more educated on how to eat healthy and live healthy than previous generations and that could be the thing to break the cycle. So yes I would save.
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Old 04-27-2014, 03:27 AM
 
106,658 posts, read 108,810,853 times
Reputation: 80146
as the old debate about whether or not god exists concluded:

if you live your life like there is a god and no god exists at best you would have led a more righteous life than you may have otherwise and went to a few more sermons.

but if you lived your life like there was no god and one exists then you could burn in hell forever.

sooooooo the point is it would be wise to plan around the fact you may outlive methusela when everyone else in your gene pool died early or face the consequences of being wrong.
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Old 04-27-2014, 09:31 AM
 
16,393 posts, read 30,277,953 times
Reputation: 25502
Quote:
Originally Posted by ~PaperMoon~ View Post
I would, because you never know, you could be the one to start a new trend in the family and break the cycle. Also with more advances in medicine these days by the time you reach 60 they may have more cures than when previous family members were alive. Plus we're more educated on how to eat healthy and live healthy than previous generations and that could be the thing to break the cycle. So yes I would save.

My father had a triple bypass and a stroke at age 65. Yesterday, he was out planting his garden ... having just celebrated his 84th birthday.

My FIL was diagnosed at age 54 with colon cancer. At age 80, he still works 50 hours weekly on his farm.

People are surviving illnesses and conditions that would kill them in the past. So, yes, you should plan in the future.
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Old 04-27-2014, 01:35 PM
 
Location: Texas/Louisiana
143 posts, read 319,863 times
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Just save and invest some money in retirement accounts. They are safe from litigation and bankruptcy (in the U.S.).

Or you could save a lot and retire in your 30's or 40's.

It is good to set some money aside anyway.
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Old 04-28-2014, 12:32 PM
 
43,659 posts, read 44,385,284 times
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If possible one should save for retirement as with medical advances it is possible to outlive/surpass/live longer in terms of age than one's parents did.
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Old 04-29-2014, 08:21 PM
 
Location: Tucson, Arizona
339 posts, read 832,766 times
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Quote:
Originally Posted by jlawrence01 View Post
My father had a triple bypass and a stroke at age 65. Yesterday, he was out planting his garden ... having just celebrated his 84th birthday.

My FIL was diagnosed at age 54 with colon cancer. At age 80, he still works 50 hours weekly on his farm.

People are surviving illnesses and conditions that would kill them in the past. So, yes, you should plan in the future.
Oh wow! Good for them! Yup, you never know.
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Old 04-29-2014, 08:48 PM
 
1,242 posts, read 1,689,789 times
Reputation: 3658
My family is short lived (55-70ish) and I don't see much point in saving but my husbands family is the opposite. I save for retirement to humor him. For my own peace of mind I took out a large life insurance policy to take care of them should I bite the dust early.
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