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Old 03-07-2016, 05:04 PM
 
Location: Ponte Vedra Beach FL
14,628 posts, read 17,950,422 times
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Quote:
Originally Posted by mathjak107 View Post
my mom died at 55 , my dad 73 and i am sill going stong at almost 64 running 4 miles every other day . glad i didn't plan around them
You're not even a senior yet - and you're bragging. My husband ran 3 miles/day for decades - and ran a couple of marathons. Until his MS bit him in the butt when he was in his mid-60's. Don't sprain your wrist patting yourself on your back. Robyn
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Old 03-07-2016, 05:23 PM
 
71,798 posts, read 71,896,917 times
Reputation: 49350
Well i couldn't run that distance in my thirty's i was in such poor shape and over weight so yes , i will continue to pat myself on the back for continuing for so long with a total lifestyle change despite your opinion
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Old 03-07-2016, 05:55 PM
 
519 posts, read 431,504 times
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Quote:
Originally Posted by mathjak107 View Post
Well i couldn't run that distance in my thirty's i was in such poor shape and over weight so yes , i will continue to pat myself on the back for continuing for so long with a total lifestyle change despite your opinion
I'd be more worried by the fact that your age of 64 is well within only one std. deviation of the the average age of your parents' death. (They say a reasonable approximation of our own death's is the average of our parents.) Personally I'd like to be at least 2 std. deviations before I considered myself out of the parents' woods... 🤗
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Old 03-07-2016, 05:59 PM
 
71,798 posts, read 71,896,917 times
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Well we are just going to roll those dice
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Old 03-07-2016, 09:26 PM
 
13,975 posts, read 7,446,942 times
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Quote:
Originally Posted by Robyn55 View Post
Well that's exactly what I'm saying. If you have to pay more for Medicare starting at $85k - why not get less in SS at the same income level? Robyn
It's kind of inevitable Social Security will phase out at higher income levels when they revamp payroll taxes and retirement ages to cover the 30% shortfall but I'm not sure I believe it would be as low as $85K. I can certainly see 100% of Social Security being subject to Federal income taxes at an income level like that but going from 85% to 100% isn't much of a hit. There are so few retirees with a 6-figure AGI that it doesn't particularly impact the 30% shortfall in Social Security funding. I think a symbolic phase-out would start at well north of $100K and you wouldn't get anything at all with $200K+.

Medicare premiums, on the other hand, are the thing that really worry me. If you want the level of coverage available now with Medicare plus supplemental, it's likely to get very costly. Basic Medicare is going to have to fairly tightly ration the more expensive things.

This is all driven by some pretty basic demographic math. Right now, there are about 4 1/2 workers per retiree. In 2050, it will be more like 2 3/4 workers per retiree. Either taxes are going up in a massive way or benefits are going to get slashed. I think Social Security benefits will be largely grandfathered. I don't see how Medicare can be.
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Old 03-08-2016, 12:36 AM
 
13,975 posts, read 7,446,942 times
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Quote:
Originally Posted by mathjak107 View Post
my mom died at 55 , my dad 73 and i am sill going stong at almost 64 running 4 miles every other day . glad i didn't plan around them
(55+73)/2 = 64

So doing the math, you have about 6 months left?
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Old 03-08-2016, 01:05 AM
 
Location: Los Angeles area
14,018 posts, read 17,759,876 times
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Quote:
Originally Posted by GeoffD View Post
..........................

Medicare premiums, on the other hand, are the thing that really worry me. If you want the level of coverage available now with Medicare plus supplemental, it's likely to get very costly. Basic Medicare is going to have to fairly tightly ration the more expensive things.

This is all driven by some pretty basic demographic math. Right now, there are about 4 1/2 workers per retiree. In 2050, it will be more like 2 3/4 workers per retiree. Either taxes are going up in a massive way or benefits are going to get slashed. I think Social Security benefits will be largely grandfathered. I don't see how Medicare can be.
I have already been seeing increased Medicare co-pays in my Advantage Plan during the past few years. Lab work, including x-rays, which used to cost me $15 per event (not per test or per x-ray) just three or four years ago, is now up to $45 in 2016. MRI's now cost $155 a pop. Doctor co-pays remain at $5, including specialists, so the total picture is not yet draconian, but the handwriting is on the wall, apparently. I still consider Medicare to be the best bargain on the planet (my monthly plan premium is zero), but I wonder how long I will retain that opinion?
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Old 03-08-2016, 04:17 AM
 
Location: R.I.
982 posts, read 608,186 times
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Quote:
Originally Posted by mathjak107 View Post
The sick and weak are already built in to the numbers if they are going to die. We just don't know whether you are not one of them.

It is amazing sometimes how long people live who are in poor shape. My great grand mother was like that. Smoked, ate the worst food, diabetic and lived to 101
My late husband OTOH ran 1/2 marathons, butter was 4 letter word to him, didn't smoke, had a beer or two at Christmas, and died of a massive coronary artery occlusion at age 49. He was the recipient of some pretty bad heart disease genes from both sides of his family despite his best efforts to combat this with a healthy lifestyle. His brother who is two years younger lives just the opposite lifestyle. He is a smoker of more than cigarettes, a daily bacon eater, and the only exercise he gets is lifting a beer bottle. After my husband died it was recommended that my BIL have a cardiac cath which he did. The results came up clean for CAD, and my BIL despite his not too good lifestyle continues to be the picture of health. Go figure??
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Old 03-08-2016, 04:19 AM
 
71,798 posts, read 71,896,917 times
Reputation: 49350
yep , you just can never tell . which is why regardless of what you think your life expectancy is , planning out to your 90's is a good idea . like pascal's wager the consequences of living longer and not having enough money are far worse then dying younger and having to much . especially if a couple !
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Old 03-08-2016, 05:41 AM
 
761 posts, read 640,088 times
Reputation: 2229
Quote:
Originally Posted by Robyn55 View Post
You're not even a senior yet - and you're bragging. My husband ran 3 miles/day for decades - and ran a couple of marathons. Until his MS bit him in the butt when he was in his mid-60's. Don't sprain your wrist patting yourself on your back. Robyn
May be time to bail out of this forum.
Too much sarcasm and criticism.


Mathjack was just stating what he does personally to keep in shape.
I don't believe it was self aggrandizement at all, sorry!
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