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Old 02-02-2010, 05:24 PM   #21
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Originally Posted by NW-Bound View Post
Doesn't the gummint take care of you when you run out?
Oh sure - - take a look at all those happy, jovial, comfortable, and carefree folks in lines to eat at the homeless shelters or sleeping in cardboard boxes under city overpasses. Now there's a future to aspire to for ones' golden years. One might even find a deck of cards in a garbage can, and even if one or two are missing what more would one want?

"You can never cross the ocean until you have the courage to lose sight of the shore." - - - C. Columbus
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Old 02-02-2010, 05:32 PM   #22
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Nah. I'll just have to find a strategic place to park my old motorhome, so that I will be within walking distances to the SS office and the food bank.

"Old age is the most unexpected of all things that can happen to a man" -- Leo Tolstoy
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Old 02-02-2010, 07:08 PM   #23
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I dunno. I've got to set aside enough to cover a Costco membership so I can enjoy the buffet every day. Maybe there's an annuity for that...
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Old 02-02-2010, 10:03 PM   #24
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Maybe a line of credit would work. Just keep it going while you spend down. If you die with a positive NW that would be used to pay off the LOC. But it's difficult to hit a zero balance precisely!
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Old 02-02-2010, 10:17 PM   #25
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Originally Posted by MasterBlaster View Post
That's easier to say than to actually implement. How exactly does one spend it all and also insure that you never are in need of money.

please share your plan.
My childless sister has a plan A & B.
Plan A - annuity
Plan B - bullet
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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Old 02-02-2010, 10:37 PM   #26
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Originally Posted by walkinwood View Post
I heard about it, but didn't read it.

Did they give any pointers on how to accomplish this considering that you can't schedule your passing away quite as well as you can, say, an online payment?

he used annuities.

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