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Old 03-26-2016, 06:34 AM
 
Location: Mount Airy, Maryland
10,508 posts, read 5,977,324 times
Reputation: 16319

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Quote:
Originally Posted by mathjak107 View Post
dave , you know the drill . when someone makes a decision that does not work out for them it is always someone else's fault , usually gov't or the fed gets blamed
Oh right, everything's Obama's fault. I should know that by now.
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Old 03-26-2016, 07:16 AM
 
72,291 posts, read 72,222,083 times
Reputation: 49821
Quote:
Originally Posted by Garthur View Post
Of ALL the people ever born only 15% will live to 90
Of ALL the people ever born only 33% will live to 66
Of ALL the people ever born only 55% will live to 47
Of ALL the people ever born only 25% will live to 82

What most do not understand because of the inability to see the whole picture is that the people living till there old enough for retirement have all ready beat the odds of dying in accidents, wars, diseases that are not accounted for in the life expectancy charts.

The human brain can only see what it wants to see and blocks out anything that ruins their preconceived vision of themselves and others.
except ever born is not the correct way to view life expectancy in retirement .

the real deal is once you thin the herd and weed out the very sickly and weak and those with no longevity by age 65 a man has a 43% chance of seeing 85
a woman a woman 54% but a couple a whopping 73% chance of one of them making it.

you can all most bet the ranch one of you will be here at 85 .

in fact that same 65 year old couple has a 47% chance of one of them seeing 90 . that is almost a coin toss.

couples have a lot longer expectancy since either one can outlive the other . you have two horses in the race with one bet.


looking at from birth is very skewed once you are in to older ages and have eliminated those poised to die young .

if that isn't long enough , well we have been adding 1 year of life every four years since 2000.

plan accordingly unless you know which side of the statistic you are on.

as humans statistics don't mean much here . we only have 2 outcomes . we are dead or we are alive . dead is dead so you need to plan like it will be you or your spouse that lives .

Last edited by mathjak107; 03-26-2016 at 07:31 AM..
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Old 03-26-2016, 07:26 AM
 
Location: Central IL
15,249 posts, read 8,612,549 times
Reputation: 35722
Quote:
Originally Posted by Garthur View Post
Of ALL the people ever born only 15% will live to 90
Of ALL the people ever born only 33% will live to 66
Of ALL the people ever born only 55% will live to 47
Of ALL the people ever born only 25% will live to 82

What most do not understand because of the inability to see the whole picture is that the people living till there old enough for retirement have all ready beat the odds of dying in accidents, wars, diseases that are not accounted for in the life expectancy charts.

The human brain can only see what it wants to see and blocks out anything that ruins their preconceived vision of themselves and others.
Sorry mathjack - you beat me to the same sentiment.

What does "EVER BORN" have to do with NOW? Average life expectancies have been increasing, dontchaknow? What about all people born SINCE 1920? How about all people born since 1920 who have lived to 55- how much longer did they live? Those ages will be older and more accurate for the people who are approaching retirement NOW.
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Old 03-26-2016, 07:29 AM
 
72,291 posts, read 72,222,083 times
Reputation: 49821
ever born means nothing to retirees . it only means something to insurers who insure from the womb to the tomb .

the numbers are useless for retirees. in fact like i said all statistics are useless to us .

no matter what we think we still have to plan like it is us that will live or else face the consequences of being wrong . dead is just dead , the problem is what if you live .especially if a couple . with a 73% chance of one in a couple seeing 85 and almost a coin toss chance of one in a couple seeing 90 odds are pretty good it is you .
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Old 03-26-2016, 07:32 AM
 
10,827 posts, read 8,105,621 times
Reputation: 17067
Quote:
Originally Posted by mathjak107 View Post
except ever born is not the correct way to view life expectancy in retirement .
"Ever born" would mean in all times throughout the world, right? I'm surprised the %'s aren't lower.
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Old 03-26-2016, 07:35 AM
 
72,291 posts, read 72,222,083 times
Reputation: 49821
well , the insurers really just look here if this is their market so i assume it is here they count .
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Old 03-26-2016, 07:36 AM
 
1,592 posts, read 897,083 times
Reputation: 1152
Quote:
Originally Posted by Full Spring Greenery View Post
My brother hated his job but followed the financial experts who said he should wait until he was 67 before he retired and collect social security. The experts said he needed at least a million in investment and retirement accounts or he could not retire. He was just short of that figure so he decided to wait and collect more money.


The years between his 62nd and 67th birthday were tough. He hated working and his employer was always trying to get him to quit. It was tough on his mind body and spirit. Finally he reached age 67 and formally retired. A few months later he died suddenly of a massive heart attack.


If only he did not follow those silly experts, maybe he would still be alive today or at least his last five years would have been better!
If your brother had lived to 100, would your opinion of the experts be different?
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Old 03-26-2016, 07:37 AM
 
72,291 posts, read 72,222,083 times
Reputation: 49821
at least delaying taking ss is a decision you will never live to regret
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Old 03-26-2016, 07:38 AM
 
10,827 posts, read 8,105,621 times
Reputation: 17067
Quote:
Originally Posted by mathjak107 View Post
well , the insurers really just look here if this is their market so i assume it is here they count .
I doubt those figures from insurance companies. Poster didn't give source.
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Old 03-26-2016, 07:40 AM
 
519 posts, read 433,284 times
Reputation: 981
The OP's brother made a decision. In hindsight it might not have been the optimal, but even that is impossible to tell. Had the OP's brother left his job early to find another he could've been run over by a bus on the way to an interview. Who knows? The future is unknowable after all.

Life at its core is a cascading series of decisions. Each decision made, leads to others, which inextricably moves us through our lives. To blame any one decision is to ignore the myriad that got you to a particular decision point. In the end, all you can do is make the best decisions you can. The rest is left to fate, God, the Gods, or whatever higher power you think moves the Universe.

OP, sorry for the loss of your brother.
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