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Old 01-02-2017, 04:56 AM
 
Location: Idaho
4,620 posts, read 4,458,547 times
Reputation: 9033

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Quote:
Originally Posted by brightdoglover View Post
Uh... what's a 7 series? (I don't get out much...)
"7 Series" is the top end BMW automobile in the lineup. Highest status of the 'Beemers' and technological marvels, but have not been very mechanically reliable.

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Old 01-02-2017, 06:33 AM
 
Location: Western Asia
3,187 posts, read 1,440,670 times
Reputation: 2524
Quote:
Originally Posted by brightdoglover View Post
Uh... what's a 7 series? (I don't get out much...)
BMW's largest and most expensive sedan....I own one but it's getting old.
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Old 01-02-2017, 06:46 AM
 
Location: Texas or Cascais, Portugal
3,414 posts, read 3,179,719 times
Reputation: 8269
These posts are giving me a false sense of security! Both my dad and my aunt thought they had plenty of money to retire and both did in their early 60s. Now that both are in their mid 90s and have had to pay for several years of in home aides or assisted living, those savings are gone. Both are now applying for "spend down" Medicaid for nursing homes. Scares the hell out of me to think how much savings I need to live for 30 or more years. They were both doing fine until about 4 years ago but once those health care costs not covered by insurance kick it, it is shocking how fast the money goes.
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Old 01-02-2017, 08:00 AM
 
71,468 posts, read 71,652,652 times
Reputation: 49027
Quote:
Originally Posted by volosong View Post
"7 Series" is the top end BMW automobile in the lineup. Highest status of the 'Beemers' and technological marvels, but have not been very mechanically reliable.

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my 3 series has been one of the most reliable cars i ever owned .
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Old 01-02-2017, 08:03 AM
 
3,455 posts, read 2,323,199 times
Reputation: 6998
Quote:
Originally Posted by nurider2002 View Post
These posts are giving me a false sense of security! Both my dad and my aunt thought they had plenty of money to retire and both did in their early 60s. Now that both are in their mid 90s and have had to pay for several years of in home aides or assisted living, those savings are gone. Both are now applying for "spend down" Medicaid for nursing homes. Scares the hell out of me to think how much savings I need to live for 30 or more years. They were both doing fine until about 4 years ago but once those health care costs not covered by insurance kick it, it is shocking how fast the money goes.
I think you are raising a very important point. Being retired for 30 years, especially if health problems crop up, can spend-down savings faster than we might anticipate.
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Old 01-02-2017, 09:35 AM
 
480 posts, read 323,114 times
Reputation: 1131
Quote:
Originally Posted by AlaskaErik View Post
There were choices that could have been made earlier in life. If you're not set up for financial security in retirement, or really close to it, by the time you're 62, then you probably didn't make the correct choices earlier in life. I'm sure there is much more to this story.
Choices? Really?


There are people out there who struggle with learning disabilities, depression, low self-esteem, or perhaps they come from a background where there was no financial stability and no parental "push" to excel. Many of those people really didn't/don't have "choices earlier in life". Sorry, but I think that's a rather elitest statement.
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Old 01-02-2017, 09:41 AM
 
71,468 posts, read 71,652,652 times
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it is like people who can't lose weight because of actual physical reasons. most do not fall in to that group.

there are always exceptions to everything in life but the masses are generally not the exceptions . generally you will find just like weight loss that is caused by over eating and not moving enough , there is a history of poor choices and bad decisions leading up to someone committing financial suicide
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Old 01-02-2017, 09:57 AM
 
Location: Florida -
8,760 posts, read 10,832,098 times
Reputation: 16632
61 and nope! (8+ years ago)

"Nobody on their death bed says, "I wish I had spent more time at the office""
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Old 01-02-2017, 09:59 AM
 
71,468 posts, read 71,652,652 times
Reputation: 49027
but there certainly are older folk in their late 70's and 80's who are still healthy and were to underfunded when they retired early by choice , that they are now wishing they did spend more time at the office .

if anyone thinks working or finding a job at 62 is tough ,try it at 80 if you have to .

Last edited by mathjak107; 01-02-2017 at 10:27 AM..
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Old 01-02-2017, 10:26 AM
 
4,477 posts, read 4,738,767 times
Reputation: 9940
I have a series -00000... still runs!!


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