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Old 02-25-2014, 11:08 AM
 
Location: earth?
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There is a saying that if you find work you love, you'll never work a day in your life (paraphrased).
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Old 02-25-2014, 12:19 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
29,844 posts, read 54,552,867 times
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People do die at 68 or even at 45-50, but could they have retired at 35-40? I have many examples of people making it a lot farther. My grandfather made it to 94, my aunt to 99, another just hit 101. My mother in law will be 95 next month. I'm sure most people also have relatives in their 80s and 90s and others that went early. In our state the latest life expectancy is 79.9, with some other states up above 80. Regardless of what happens with my longevity I love my job and don't plan to retire until 66-70.
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Old 02-25-2014, 12:40 PM
 
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Hard to figure out longevity.

My grandfather ( died in 1927) outlived my dad who died in 1973 at age 82
My mother died at age 77 , but her mother lived to 92
My wife died at age 68 yet her mother lived until 93.

In all three cases, I felt the younger ones were healthier than their parents and worked even harder.

Sometimes, statistics mean little.
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Old 02-25-2014, 01:40 PM
 
71,767 posts, read 71,875,234 times
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I always figured if i planned well for a nice long retirement and my wife and i expire early worst case scenerio is the kids and grandkids will inherit more .

But if we planned for dying early and didn't the results can be catastrophic for us.

Which would you prefer?
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Old 02-25-2014, 01:46 PM
 
Location: Nebraska
1,886 posts, read 2,303,645 times
Reputation: 5327
Quote:
Originally Posted by Hemlock140 View Post
People do die at 68 or even at 45-50, but could they have retired at 35-40? I have many examples of people making it a lot farther. My grandfather made it to 94, my aunt to 99, another just hit 101. My mother in law will be 95 next month. I'm sure most people also have relatives in their 80s and 90s and others that went early. In our state the latest life expectancy is 79.9, with some other states up above 80. Regardless of what happens with my longevity I love my job and don't plan to retire until 66-70.
Woulda, shoulda, coulda, retired. There are NO guarantees in life. If your desire is to be under the thumb of an employer and you need the discipline that work gives you then work until you die. Here comes the kick in the pants, I hope it doesn't happen to you but it has happen tens of thousands of other people that decide to work till they turned age of 66, then 70, 72, then 74, but then when they get the doctors report that they have a life threatening disease and only have a few months to live they are kicking themselves in the pants that they did not retire sooner!

I know several people that have died on the job and while still working and trying to reach some predetermined age that some retirement expert told them to work til. Insurance companies do not take in account the people that die from land mines (car accidents, falls, work accidents, etc) The only deaths that they record are the ones that can be blamed on medical issues. Of the people that I was raised with over 60% of died already from accidents. Food for though, as you get older accidents become more likely because of diminished eyesight, hearing, reaction time, etc.
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Old 02-25-2014, 07:20 PM
 
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If a couple lives to 65 there is at least a 1 in 4 chance that at least one of them will live to 90.
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Old 02-25-2014, 07:30 PM
 
Location: Miraflores
787 posts, read 896,323 times
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Quote:
Originally Posted by BayAreaHillbilly View Post
If a couple lives to 65 there is at least a 1 in 4 chance that at least one of them will live to 90.
When my wife turns 65, I'll be 93 or not as the case may be!
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Old 02-25-2014, 09:07 PM
 
Location: Haiku
4,164 posts, read 2,595,608 times
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Quote:
Originally Posted by Teddy52 View Post
Hard to figure out longevity.

My grandfather ( died in 1927) outlived my dad who died in 1973 at age 82
My mother died at age 77 , but her mother lived to 92
My wife died at age 68 yet her mother lived until 93.

In all three cases, I felt the younger ones were healthier than their parents and worked even harder.

Sometimes, statistics mean little.
I would say that when it comes to actuarial tables, personal anecdotes mean very little.

Anything can happen. As Mr. Natural used to say, Life is only a meatball.
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Old 02-26-2014, 04:41 AM
 
Location: Mount Airy, Maryland
10,474 posts, read 5,941,871 times
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Quote:
Originally Posted by Thinking-man View Post
When you hear on the news about healthy older folks all of a sudden being diagnosed with Cancer or something and dying before they even reach 70, do you ever wonder if the 'current system' is fitting for 'you'?

My goal is to retire at 50 (at the latest) and i'm saving accordingly.....but i'm considering my 'expiration date' to be at 85...which seems at times to be too optimistic!

i'm 30 now, healthy, never smoked, never drank......but yet, i worry that i may retire at 50, and only have a few years to live before dying.

It almost makes you want to save up and "retire" by 40, so that you have at least a couple of decades of retirement....
in other words, why work hard and save hard until 64, and then die "rich", when you can saved hard until 40 and die without having much. (you won't need the money when you're dead anyway)

anyone ever think that way?
You really should change your username to Over Thinking Man. If you really are looking at things this way with a real concern that you will die young then why in the world would you make the sacrifices necessary to retire so young? You are 30. I'm not advocating living irresponsibly but seriously you need to look at living an enjoyable life and not dedicate everything towards retiring at such a young age. Life is for living, not for worrying to this extent. Especially at your age.
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Old 02-26-2014, 04:41 PM
 
5,825 posts, read 13,328,536 times
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Enjoy the journey and stop worrying about the destination.
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