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107-year-old outlives his money for the second time
07-02-2009, 06:14 PM
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#1
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Full time employment: Posting here.
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07-02-2009, 06:19 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Mar 2007
Location: Illinois-Iowa border town on the 'Ole Mississippi River
Posts: 1,632
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Well, that's pretty basic advice: nutrition and exercise. I wonder how his never marrying influenced his long life?
__________________
"Our greatest glory is not in never falling, but in rising every time we fall." -- Confucius
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07-02-2009, 06:35 PM
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#3
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Recycles dryer sheets
Join Date: May 2008
Location: Cooksburg,PA
Posts: 326
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Nice story (so far).
Free to canoe
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07-02-2009, 06:38 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 1,442
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 Quote:
Originally Posted by Orchidflower
I wonder how his never marrying influenced his long life?
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There's the old joke "why do single men live longer than married ones?". "Because they want to".
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"I never knew there were worse things than dying" Eric Bogle
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07-02-2009, 07:37 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 5,484
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Finally, someone for whom a lifetime annuity would have made sense.
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- Al -- Always serious, never joking. No, wait. Never serious... Always... I forget.
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07-02-2009, 07:39 PM
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#6
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Moderator
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 7,127
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Quote:
Originally Posted by TromboneAl
Finally, someone for whom a lifetime annuity would have made sense.
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Can you imagine how much pain he'd be inflicting on a former employer if he retired with a COLA'd pension in his 50s?
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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07-02-2009, 07:42 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Dec 2006
Location: Lone Star State
Posts: 4,326
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I bet this guy is a chick magnet....
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......ibyoig......
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07-02-2009, 08:07 PM
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#8
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Full time employment: Posting here.
Join Date: Jan 2006
Posts: 696
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Quote:
Originally Posted by ziggy29
Can you imagine how much pain he'd be inflicting on a former employer if he retired with a COLA'd pension in his 50s?
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My grandmother retired at age 55 with a COLA'd pension and she's now 93. It's a wonder how the government can afford to pay cola'd pensions to all those people who retire in their 40's and 50's with good paying jobs.
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07-02-2009, 08:12 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Posts: 1,164
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Quote:
Originally Posted by bbbamI
I bet this guy is a chick magnet....
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Only because there are no other men his age!
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He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
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Okay I planned to age 100 but this is getting crazy
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07-02-2009, 08:40 PM
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#10
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Dryer sheet aficionado
Join Date: Jul 2008
Location: Seattle
Posts: 36
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I have used the FireCalc and always use 100 as the age I am saving for.
But what if I end up like this poor guy? 
washingtonpost.com
107 and still in good health---You go Larry!
I sent him a donation--hell I figure if you live that long and in that good of health, you deserve to live where you want for your last years---in his case though we might never know how long that will be!
here is where you can make a donation--if you so choose (actually not sure if you can do that on this website--sorry in advance if you aren't supposed to do donation requests!)
www.savelarry.org
Last edited by REWahoo; 07-02-2009 at 09:27 PM.
Reason: Merged into an existing thread
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07-02-2009, 08:58 PM
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#11
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Moderator Emeritus
Join Date: Feb 2004
Location: Oahu
Posts: 17,518
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Quote:
Originally Posted by ziggy29
Can you imagine how much pain he'd be inflicting on a former employer if he retired with a COLA'd pension in his 50s?
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I'll let you know in another 59 years...
The Department of Defense is still paying pensions to retirees who are 107-108 years old.
Or at least they were as of last September. And I'm not sure if the pensions include a COLA.
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For more info see "About Me" in my profile.
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07-02-2009, 09:35 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,404
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__________________
If your gonna be dumb you gotta be tough
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07-02-2009, 10:46 PM
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#13
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Moderator
Join Date: Sep 2007
Posts: 3,365
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Looks like Larry's got another year or more at the assisted living place paid for already, as shown on the savelarry.org website. Nice.
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07-03-2009, 01:16 AM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 9,115
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Quote:
Originally Posted by aaronc879
My grandmother retired at age 55 with a COLA'd pension and she's now 93. It's a wonder how the government can afford to pay cola'd pensions to all those people who retire in their 40's and 50's with good paying jobs.
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Easy...they raise our taxes so they can.....no pesky wage freezes and such......... 
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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07-03-2009, 09:39 AM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 5,484
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Most people don't know that he's Gilbert Godfried's grandfather!
old.jpgyoung.jpg
(just kidding).
__________________
- Al -- Always serious, never joking. No, wait. Never serious... Always... I forget.
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07-03-2009, 09:45 AM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 5,389
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I'm wondering about the guy's birth certificate - he doesn't look a day over 102! Sounds sharp, too. Hard to believe, but I guess one out of thousands, millions?
You'd think the home could hire him as a spokesperson or something - pay him with room & board?
-ERD50
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07-03-2009, 10:07 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Posts: 3,140
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Quote:
Originally Posted by aaronc879
My grandmother retired at age 55 with a COLA'd pension and she's now 93. It's a wonder how the government can afford to pay cola'd pensions to all those people who retire in their 40's and 50's with good paying jobs.
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Because the annuity is actuarially adjusted the amount paid is no more that other retirees with the same service record and length of service. Some die early, others much later. The expensive retiree is a survivor of a retiree who outlives their spouse many years.
Don't forget that compensation is correlated with changes in the cost of living too.
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Duck bjorn.
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