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Old 02-12-2016, 08:51 AM   #101
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Originally Posted by Katsmeow View Post
I was talking about how much my mother herself spends on health care versus what my husband (who is "young" in Medicare terms) spends.
Yeah, I noticed this too.

My wife & I (both 44) pay far more for health insurance than anyone on Medicare does. We also have massive deductibles so we pay out of pocket for pretty much any care this side of a heart transplant.

Is it possible my health expenditures actually go down in old age?
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Old 02-14-2016, 04:50 PM   #102
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My WR won't go up but my income will over a number of years due to:

1) kids done with college
2) mortgage paid off
3) taking SS (wife)
4) taking SS (me)
5) getting inheritance

So no need to increase WR


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Old 02-14-2016, 05:40 PM   #103
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I'd rather have this over the sports car. I hate driving. Of course, unless we're talking a new Lamborghini ever year, the chauffeur is a lot more expensive what with salary, payroll taxes and workers' comp.
Same here. Except I'd be okay with Uber. We just dropped to 1 car for a family of 5, and I keep telling myself it's okay to Uber it occasionally if we want to go somewhere but the car is in use.

$4-10 to go to most destinations around town is a small price to pay, and I get the pleasure of not having a second rarely used vehicle depreciating in the driveway sucking up $ and time in the form of insurance, taxes, registration, inspections, maintenance, and caretaking of it.
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Old 02-14-2016, 05:43 PM   #104
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Is it possible my health expenditures actually go down in old age?
My in laws certainly have experienced this phenomenon, even though FIL has experienced a few major hospital stays in the last year or two since going on Medicare. Pre-medicare he was paying much more out of pocket and 4-5x more for monthly premiums. Now with medicare, a half million dollar multi-month hospital stay was only a few thousand dollars out of pocket (and that's without any kind of medicare advantage or medigap coverage).
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Old 02-14-2016, 06:12 PM   #105
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My Mom did it just right. She traveled a lot while she wanted to and eventually sold her home and rented a nice apartment. By her 80's she could live on what was her monthly income and at 80 paid cash for a nice car. When she died just short of 90 she had her funeral expenses paid and total us to sell her car to pay for a big party which is what we did. If she had lived longer she would have been fine. But she spent her $ on what she wanted when she was healthy enough to enjoy it.
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Old 02-14-2016, 06:34 PM   #106
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Originally Posted by NW-Bound View Post
Meant to put down "dying", and just now reread my post and see "dyeing".

Does this mean Alzheimer is going to get me before the above maladies, or did I just get dyslexic?

Arghhh.....
It just means that your thinking becomes more colorful as you age.
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Old 02-15-2016, 01:50 PM   #107
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Originally Posted by dtbach View Post
My WR won't go up but my income will over a number of years due to:

1) kids done with college
2) mortgage paid off
3) taking SS (wife)
4) taking SS (me)
5) getting inheritance

So no need to increase WR
I think your are saying that your WR will decrease significantly. Why would you WR when you don't need it? You will have a lumpy WR but generally declining.

(I dealt with 3-5 and the 5th was the hardest.
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Old 02-15-2016, 02:03 PM   #108
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I think your are saying that your WR will decrease significantly. Why would you WR when you don't need it? You will have a lumpy WR but generally declining.

(I dealt with 3-5 and the 5th was the hardest.

My plan is to keep my WR the same but enjoy the increased income with more vacations, dining out, fancier cars, etc. Can't take it with you so might as well enjoy it.
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Old 02-15-2016, 02:24 PM   #109
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I don't have a rate but fix amount I plan to withdraw in 2 years. Maybe I'll bump it up every 5 years.


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Old 02-15-2016, 04:49 PM   #110
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My WR won't go up but my income will over a number of years due to:

1) kids done with college
2) mortgage paid off
I finished paying for my kid's college and also paid off my mortgage...but it didn't make my income go up. How do these things generate more income for you? or are you just saying that you can now spend your portfolio withdrawals on other things? Thanks for any clarification.
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