U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-12-2016, 11:01 AM
 
Location: Sugarmill Woods , FL
6,235 posts, read 5,909,642 times
Reputation: 13647

Advertisements

How long anyone will live is simple guess and hope, and luck, nothing more!
Reply With Quote Quick reply to this message

 
Old 12-12-2016, 11:03 AM
 
489 posts, read 326,752 times
Reputation: 1149
I should use 100 or even 105. My parents died at 95/94 and I still have two aunts who are alive and well at 95. I'm 62, non-smoker my whole life, very light drinker, at a good weight for my height, no major health issues. I'm not saying I WANT to live to 100, but there's a darn good chance I will.
Reply With Quote Quick reply to this message
 
Old 12-12-2016, 12:10 PM
 
Location: SoCal
13,265 posts, read 6,351,451 times
Reputation: 9873
Quote:
Originally Posted by bigdogmom13 View Post
I should use 100 or even 105. My parents died at 95/94 and I still have two aunts who are alive and well at 95. I'm 62, non-smoker my whole life, very light drinker, at a good weight for my height, no major health issues. I'm not saying I WANT to live to 100, but there's a darn good chance I will.
I would put 120 if I were you.
My husband has an uncle still is driving at age 95. He lives alone too. No nursing home yet. His father lived until 91. Good chance but I'm not sure he wants to live till 110.
Reply With Quote Quick reply to this message
 
Old 12-12-2016, 04:24 PM
 
Location: Houston
22,548 posts, read 11,610,597 times
Reputation: 9102
Quote:
Originally Posted by NewbieHere View Post
I would put 120 if I were you.
My husband has an uncle still is driving at age 95. He lives alone too. No nursing home yet. His father lived until 91. Good chance but I'm not sure he wants to live till 110.
I hope to die peacefully in my sleep like my grandfather did at 95. Not terrified and screaming like those who were riding with him.
Reply With Quote Quick reply to this message
 
Old 12-12-2016, 05:15 PM
 
Location: Long Neck , DE
4,903 posts, read 3,038,112 times
Reputation: 8025
Quote:
Originally Posted by NewbieHere View Post
I used 100 for me and 110 for my husband. I know I'm forever an optimist.
Sorry I would not call that optimistic. I would call it terrifying.
Reply With Quote Quick reply to this message
 
Old 12-12-2016, 07:10 PM
 
466 posts, read 291,117 times
Reputation: 1809
Quote:
Originally Posted by Clemencia53 View Post

I really liked this article - thank you for sharing.
Reply With Quote Quick reply to this message
 
Old 12-12-2016, 08:10 PM
 
Location: SoCal
13,265 posts, read 6,351,451 times
Reputation: 9873
Quote:
Originally Posted by longneckone View Post
Sorry I would not call that optimistic. I would call it terrifying.
You must not see the oldest woman alive, she only eats eggs now. She is 120, looks reasonably healthy.
In our circle of relative, there is one grandma died at age 104. No dementia, nothing.
Reply With Quote Quick reply to this message
 
Old 12-12-2016, 11:14 PM
 
6,637 posts, read 3,756,268 times
Reputation: 13713
Quote:
Originally Posted by borninsac View Post
Some here are very numerical and analytical in their retirement planning. You use cost-of-living, rate of return and life expectancy assumptions in the analysis you do. Whether you use a website calculator, one of a planning professional you employ, or your own spreadsheets/napkins, these and other assumptions are necessary to do the math.

If this is you, what is your life expectancy assumption?

I'll go first. I use age 95 years. I don't have family history to support this life expectancy but I feel comfortable when using 95 years in my math.

Years ago I recall seeing a financial planning company's advertisement; I thought it was very clever. It had a photo of an older man in a business suit with hands in his pocket with a caption reading something like this: "Well off at 65 and broke at 80."
At first I used 90 because I don't want to live past that age. But then I upped it to 92. Then I upped it to 95. I hope I have enough to last to 95, although I am hoping to go before then.
Reply With Quote Quick reply to this message
 
Old 12-13-2016, 07:37 AM
 
Location: New Oxford, PA
120 posts, read 59,219 times
Reputation: 464
According to the NY State Retirement System, they're predicting my age of expiration will be 67. I believe they do this to make money off the loans that they offer throughout your career. If you have a loan balance at retirement, they put you on permanent repayment plan, based on their expected AOE for you. This way, you'll continue to make the same payment the loan, even if you're 97, and paid off your balance 30 years prior. The only way they lose out, is if you kick off before their AOE for you.
Reply With Quote Quick reply to this message
 
Old 12-13-2016, 08:54 AM
 
Location: Long Neck , DE
4,903 posts, read 3,038,112 times
Reputation: 8025
Quote:
Originally Posted by NewbieHere View Post
You must not see the oldest woman alive, she only eats eggs now. She is 120, looks reasonably healthy.
In our circle of relative, there is one grandma died at age 104. No dementia, nothing.
God Bless I just would not want that to be me.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top