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Old 01-31-2016, 01:00 PM
 
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Quote:
Originally Posted by mathjak107 View Post
bounce that check to the undertaker and you are my hero .
It's the best plan, isn't it?
I can't wait.
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Old 01-31-2016, 01:38 PM
 
29,815 posts, read 34,907,142 times
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Quote:
Originally Posted by mathjak107 View Post
bounce that check to the undertaker and you are my hero .
Doesn't that depend on how you were able to live your life prior to that bounced check? What if you were bouncing them most of your retired life?
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Old 01-31-2016, 02:14 PM
 
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they say the best retirement plan is when you bounce the check to the funeral home lol
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Old 01-31-2016, 02:21 PM
 
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I think a 500K retirement portfolio is more realistic for most people. Along with social security and hopefully no debt, a person should be able to live ok in retirement. Not extravagant but decent.
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Old 01-31-2016, 02:23 PM
 
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depends on location . 500k is about 20k a year before taxes , plus ss . in the tristate area that is a pretty low end income . just rent and healthcare could eat that up here for a couple .
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Old 01-31-2016, 02:25 PM
 
Location: Central Massachusetts
4,800 posts, read 4,857,647 times
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Quote:
Originally Posted by mathjak107 View Post
they say the best retirement plan is when you bounce the check to the funeral home lol
For the most of us that bounced check is really up to our heirs. Unless you die leaving no surviving spouse or children who want to see yo buried your bounced check falls upon them to make good.
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Old 01-31-2016, 02:27 PM
 
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if the estate is empty , most states can't go after the blood line for debts . it is only when the estate has assets .
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Old 01-31-2016, 02:30 PM
 
Location: Central Massachusetts
4,800 posts, read 4,857,647 times
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Quote:
Originally Posted by mathjak107 View Post
if the estate is empty , most states can't go after the blood line for debts . it is only when the estate has assets .
That is true but burial is generally for the benefit of the family not the decedent.
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Old 01-31-2016, 02:32 PM
 
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it all depends who's money and documents are paying . no matter what the debt usually unless they signed the documents family owes nothing .
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Old 01-31-2016, 02:44 PM
 
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Quote:
Originally Posted by mathjak107 View Post
depends on location . 500k is about 20k a year before taxes , plus ss . in the tristate area that is a pretty low end income . just rent and healthcare could eat that up here for a couple .
I am not talking about renting. The idea is to have home paid for and be debt free. Also not living in an expensive area should one choose to relocate.
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