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Old 09-20-2011, 06:58 PM   #21
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My spreadsheet goes out to the mid-nineties.
So, I guess thats my planning horizon.

However, my money may only go out to age 86 or so- depending on the spreadsheet assumptions.

In firecalc my probablitiy of success goes below 90% in the late eighties.

I figure by the time I run out of money I wont be aware of it. Perfect. Ha
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Old 09-20-2011, 07:15 PM   #22
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WE've planned to 100.

I am not expecting to make it that far, I have a family history of early departures from this life, so if I make it to 70 I would have outlived both my parents and 3/4 of my grandparents.

DH on the other hand, based on family history should expect to make his 90s and if not go beyond that point.

My greatest concern for him is that if I go first some floozy is going to get her hooks into him and strip him of his money. I keep telling him I will be haunting him if that happens.
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Old 09-20-2011, 07:29 PM   #23
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My planning horizon is 95.
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Old 09-20-2011, 07:41 PM   #24
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Originally Posted by DangerMouse View Post
WE've planned to 100.

I am not expecting to make it that far, I have a family history of early departures from this life, so if I make it to 70 I would have outlived both my parents and 3/4 of my grandparents.

DH on the other hand, based on family history should expect to make his 90s and if not go beyond that point.

My greatest concern for him is that if I go first some floozy is going to get her hooks into him and strip him of his money. I keep telling him I will be haunting him if that happens.
I'm perhaps in a similar genetic state. Both my parents just got to their late 60's. But there might have been environmental factors that affected their health and would not be a model for me. I had an uncle that got to 83 and he didn't have the best habits although I really loved him.

Regarding your DH, maybe you should train him now to go after those rich floozies.
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Old 09-21-2011, 08:45 AM   #25
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I tend to just use 30 years every time I run FireCalc no matter what my age is. As long as I get close to 100%, I feel pretty confident along with a tinge of anxiety.
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Old 09-21-2011, 08:48 AM   #26
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I tend to just use 30 years every time I run FireCalc no matter what my age is. As long as I get close to 100%, I feel pretty confident along with a tinge of anxiety.
But, but, I understand that you are already in your 80's ...
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Old 09-21-2011, 08:50 AM   #27
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The worst case would be outliving your money, right?
Like I've posted (more than once ), it's better to die with money than live without it...
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Old 09-21-2011, 08:52 AM   #28
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My plans says 1) We're both going to live forever and 2) The portfolio will never run short. Now, I know my plans are always "hit some miss some", so I figure if I get half right we'll be fine.

In the meantime I try to plan the finances for the next 5 years. Beyond that there's just too much than can happen.
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Old 09-21-2011, 08:56 AM   #29
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But, but, I understand that you are already in your 80's ...
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Old 09-21-2011, 09:26 AM   #30
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My planning goes out until I am 86 on the detailed spreadsheet. At that point DW will be only 62 and the plan leaves her in good shape for the rest of her lifetime. I f I exceed age 86, even better.

All of my grandparents and mother died in their early 70's. My father turns 82 in a few weeks. He was telling me that he has to get cataract surgery because of the glare when he drives at night. I attribute his longevity to his life-long w*rk avoidance. I shifted to that plan earlier this year so maybe I can get some benefit from not w*rking.

I hope my longevity is closer to his than the others!
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