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07-11-2019, 12:08 PM
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#21
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Location: North
Posts: 4,031
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All the calculators have me going to 90.
Dad's dad lived to 92, although he started breaking down around 87.
Dad's mom is 87 and just started occasionally using a cane, stopped driving.
All other relatives are still alive (with exception of moms mom Cancer/dad Alcohol)
Looked back at dad's family history most men lived into late 80s.
I am very active (regularly run races, swim/bike/ski)
I eat fairly healthy but processed and sugar/fats catch me off guard sometimes.
DW lives a similar healthy life.
All of these factors lead me to plan to 99. I realize I still have like a less than 20% chance once I reach 85, but with knowing the above..I gotta "go long".
__________________
Time > $$$ ~ 100% equities ~ FIRE @2031
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07-11-2019, 12:50 PM
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#22
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Thinks s/he gets paid by the post
Join Date: Aug 2014
Location: Red Rock Country
Posts: 1,915
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Well, OK but not all the questions asked were the same. Interestingly, in my case both yielded the same age: 96.
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07-11-2019, 12:57 PM
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#23
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gone traveling
Join Date: Mar 2015
Posts: 3,508
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Quote:
Originally Posted by atmsmshr
Really - you don't grasp that time is greater than money?
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That's what the charts said to you?
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07-11-2019, 01:51 PM
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#24
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: Bernalillo, NM
Posts: 2,717
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Both charts 'ballpark' DW and I at around 90. When I did this exercise just before I retired 3 years ago, we both ballparked around 85. I had to break it to DW her newfound longevity, and she was not that thrilled. I think she saw how her mother aged (poorly) and imagines that.
__________________
"We live the lives we lead because of the thoughts we think" ...Michael O’Neill
"We can cannot compel others to do our will" ....Norman Goldman
"There never is shortage of the gullible to accept the illogical"...Anonymous
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07-11-2019, 03:50 PM
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#25
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Recycles dryer sheets
Join Date: Dec 2008
Posts: 97
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Quote:
Originally Posted by pb4uski
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Yeah, the mileage thing has me a little worried...oh well, too late now!
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07-11-2019, 06:00 PM
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#26
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2007
Posts: 13,202
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Yeah, I would've thought that some people would be surprised how long they might reasonable live, and get a little nervous about FIREing too early.
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07-11-2019, 06:52 PM
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#27
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gone traveling
Join Date: Mar 2015
Posts: 3,508
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Quote:
Originally Posted by RunningBum
Yeah, I would've thought that some people would be surprised how long they might reasonable live, and get a little nervous about FIREing too early.
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I'm glad to see at least one person gets it.
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07-11-2019, 11:20 PM
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#29
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Full time employment: Posting here.
Join Date: Jun 2018
Location: Brisbane
Posts: 855
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75%
Chance you'll live to
70
Your life expectancy is a bit less than other people your age, (9.8 years less than average).
Your Estimated Life Expectancy =75
... that would be a major delight to my GP ( and cardiologist ) ( even the 70 figure )
__________________
i hold the Australian listed versions of AU ( Anglo Ashanti ) , BHP , and JHG .
You must learn from the mistakes of others. You can't possibly live long enough to make them all yourself.
Samuel Levenson
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Actuaries Longevity Illustrator
07-11-2019, 11:49 PM
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#30
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Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 4,661
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Actuaries Longevity Illustrator
Of the 3 more detailed links, one has me living till 96, one 97, and one 98. Our planning horizon is 95, and projects that even then we will have quite a bit of money left. I figure if I really live to 95+, I may not know whether I have money or not.
It did occur to me that all of these calculators are provided by insurance companies trying to sell annuities. Hmmmm ...
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07-12-2019, 08:26 AM
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#31
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: Bernalillo, NM
Posts: 2,717
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Quote:
Originally Posted by Scuba
I figure if I really live to 95+, I may not know whether I have money or not.
It did occur to me that all of these calculators are provided by insurance companies trying to sell annuities. Hmmmm ...
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'Aye, there's the rub'. What if our older brains can't manage the money. We've seen it with relatives, and and IMO is a selling point for annuities or something like them, hence the connection you noticed. An annuity could limit our losses and may be easier to sign over to the nursing home. Or not. So is the annuity salesperson now better than the later in life unscrupulous people you might meet or be related to? Instead of pondering it, I'm going to have an alcoholic beverage instead. According to that detailed calculator, people who drink live a couple months longer than people that don't drink
__________________
"We live the lives we lead because of the thoughts we think" ...Michael O’Neill
"We can cannot compel others to do our will" ....Norman Goldman
"There never is shortage of the gullible to accept the illogical"...Anonymous
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07-12-2019, 10:48 AM
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#32
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Posts: 1,639
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Quote:
Originally Posted by timbervest
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Based on that calculator I got the answer to the SS question.
"Based on your life expectancy, it could make sense for you to begin Social Security earlier in your retirement."
There you have it. Now I know what to do. I'll assume by "earlier" it means 62.
But, if I were to start drinking a couple drinks a day, my life expectancy goes up and I'm back to:
"Based on your life expectancy, it makes sense for you to consider how to maximize sources of guaranteed lifetime income (like Social Security and annuities)."
So, I can start drinking and buy an annuity, or not drink and get my SS at 62
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07-19-2019, 12:31 PM
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#33
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Location: Champaign
Posts: 4,689
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Quote:
Originally Posted by athena53
That's well-known. Unfortunately, according to an article I read in an actuarial journal years ago, they tend to become frail and need more care at about the same age- so those extra years can be expensive ones.
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Maybe. I'm from Eastern European stock (both sides, so 50 Czech and 50 Hungarian). Have you ever seen those women?
__________________
"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson
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07-19-2019, 12:46 PM
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#34
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Thinks s/he gets paid by the post
Join Date: Aug 2009
Posts: 1,577
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Quote:
Originally Posted by RISP
The first projects me at 94, the second at 85. Same answers. I'll believe #1. [emoji23]
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99 on one and 95 on another.
I think I need an annuity...
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