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Old 06-09-2014, 01:25 AM
 
176 posts, read 510,584 times
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OP: There is a book you might read: Die Broke. Die Broke: A Radical Four-Part Financial Plan: Stephen Pollan, Mark Levine: 9780887309427: Amazon.com: Books Basically it discusses techniques (like annuities, reverse mortgages, various types of insurance) one can use to have enough money until you die--but no longer.
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Old 06-09-2014, 02:22 AM
 
71,798 posts, read 71,896,917 times
Reputation: 49350
a good plan bounces the check to the funeral home.
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Old 06-09-2014, 08:49 AM
 
29,815 posts, read 34,900,894 times
Reputation: 11735
Quote:
Originally Posted by mathjak107 View Post
a good plan bounces the check to the funeral home.
There you go again. Get real
My friend if that was a thought you wouldn't have done all
of the estate planning. I know you want money just not taxable etc etc etc .
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Old 06-09-2014, 10:17 AM
 
Location: Haiku
4,183 posts, read 2,599,410 times
Reputation: 6163
Quote:
Originally Posted by mathjak107 View Post
a good plan bounces the check to the funeral home.
lol

I am not worried about having enough money, I just want to know how to spend it. Miserly, or with reckless abandon?
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Old 06-09-2014, 10:30 AM
 
28,279 posts, read 39,940,610 times
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Reckless abandon until age 80 then eat a bullet.
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Old 06-09-2014, 03:43 PM
 
Location: Near a river
16,042 posts, read 18,997,544 times
Reputation: 15649
How many of believe we will reach age 85?

(I'm guessing 83 at the latest)
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Old 06-09-2014, 03:52 PM
 
Location: Glenbogle
730 posts, read 1,028,973 times
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Quote:
Originally Posted by newenglandgirl View Post
How many of believe we will reach age 85?

(I'm guessing 83 at the latest)
Believe or hope? LOL ;-)
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Old 06-09-2014, 04:06 PM
 
Location: Near a river
16,042 posts, read 18,997,544 times
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Quote:
Originally Posted by StressedOutNYer View Post
Believe or hope? LOL ;-)
Believe.
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Old 06-09-2014, 04:19 PM
 
Location: Glenbogle
730 posts, read 1,028,973 times
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Honestly, I really couldn't hazard a guess. My parents died at ages 74 and 78, both of heart attacks BUT they both had lifestyle risk factors that I do not have. One smoked heavily and the other was overweight and under constant stress for years. Both ate diets that are best described as "heart attack on a plate" all their lives. So I don't use them as my yardstick. I know nothing about my grandparents so that's no help, lol.

I always have "believed" that I would live to be 100. Then I got blindsided with a very aggressive cancer that due only to pure luck was found before it metastasized. Ironically, even after going through radical surgery and a year of chemo, I still BELIEVE in my heart of hearts that I may live to be 100. Maybe it's because having beaten the odds once, I still have confidence that there's a chance to beat the centennial odds as well? (or maybe I'm just delusional, LOL)

What HAS changed, though, is that I used to believe I'd live to 100 as a healthy self-sufficient person who could take care of herself and have all her marbles in working order, LOL. (I do have a 94-year old friend in California who is exactly that way). After a cascade of other medical issues surfaced (and still surfacing) during the past 3 years, it's the "self sufficient and working marbles" aspect that I worry most about, LOL. And in order to live with physical problems, one needs money... and more of it than someone who doesn't have that level of issues.
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Old 06-09-2014, 05:38 PM
 
Location: SW MO
23,605 posts, read 31,514,657 times
Reputation: 29081
Quote:
Originally Posted by newenglandgirl View Post
I read somewhere long ago that our probable age of death is between what age each of our parents died. My father died at 62, my mother at 92, and both grandmothers at 76. So the expectation for me is....
Under those circumstances I'm doomed. I'll assume room temperature next year. Oh well!.
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