Dead before money runs out

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OldAgePensioner

Thinks s/he gets paid by the post
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I have health issues that say 4 years of cancer free, cancer recurs at 6 years, major health problems at 10 years. My doctor's best guess. I have NO heirs.

I have $2M+. It looks like BCBS-IL is handling the medical bills and I'll only be in for $5k per year.

$1M is after-tax and acccessible now.
$1M is IRA and I could do the 72t.

I'm still making money and after the first year have more than I started with.

Any suggestions on how to spend the $2M during my good health years? And as most know I'm not a material boy.
 
Hi OAP, my suggestion would be to go for experiences instead of "stuff". Lots of travel, guided tours and the like. Maybe some mini-courses to get exposure to things you may never have tried. Hire some people to pamper you. :)

Or maybe there's some charity that you feel a connection with? You could help them to achieve their goals and leave them a chunk o' change in your will.

SC
 
Hmmmm,  if you want to die broke, the obvious answer is to make a list of what you've always wanted to do.
If I had the problem, I'd be looking at some of the luxo around the world cruises that carry on for months and months.  

With my luck I'd spend it all only to find out that I've been blessed with another 10-20 years of life.  :)
 
Where do you plan to live?  I'd start by not scrimping there.  Not big, not fancy, but if you're in SF - something in the heart of the city - If it was me I’d be buying a nice boat, and a pleasant penthouse apartment.  But I understand the non-materialistic point  - so how about these for starters: 

http://www.windjammer.com/

http://www.rssc.com/worldcruise/

http://www.seaforyourself.com/Articles/SDoct96art.html

http://kplu.org/kplutravel-peru.html

http://www.festivalfinder.com/index.cfm

http://www.everythingdulcimer.com/articles/learning_merv_rowley.php
 
JPatrick said:
If I had the problem, I'd be looking at some of the luxo around the world cruises that carry on for months and months.
Click to expand...

Those were my exact thoughts. From recent dreaming/research, I seem to recall that 3-4 months on an around-the-world luxury cruise ship would start at around $20000 for a single guy. In other words, you could spend most of the rest of your life on this ship.

You would need to buy a suit or tux for the formal dining though :(
 
Thanks guys, I do think it's experiences that will be enjoyable.  I may also get crazy and buy a place in Aspen or Vail if I really start going downhill (pun?).  I have always loved the scenery there.

I do intend to die broke except for a bit to sustain my mother.
 
I agree with the travel. Take a trip down to New Zealand or a spend a summer traveling through Europe. Lots of places to go see.  8)
 
Sheryl,
Funny, cause a boat was crossing my mind just as you posted.

And in SF, I'm going to live here.
http://www.nobhillplace.com/

Yeah, a nice big power boat and a condo in downtown SF could burn some cash.

justin,
A cruise with mostly Swedish, Thai and French girls. Wonder where I can book.
Also, I could get a high maintenance babe.   :D

DOG51,
I did that about 8 years ago. I traveled from Australia to Europe in First Class and spent 48 days in Europe. I only had a backpack and at all the airports, it was like "wait a minute, please to explain how you could afford this ticket". I had a blast.

I really want to get started traveling again. But when you wake up some mornings peeing blood/clots, it slows ya down.
 
Per the cruise suggestions...

I've been on four cruises now and have enjoyed them all. However I'm always ready to get off when the cruise ends.

Take a couple or  three week-long, or ten day cruises before you sign up for a 4-month around-the-world cruise. Just see how you like cruising before you commit to anything long term. Some people get a bit house-bound on a cruise ship.

Four months on a cruise ship just might slip over from the enjoyable to the not so enjoyable category.
 
I have a couple of ideas.

Lola. Sherry. Jasmine. Candy. Desiree.

Gimme a few minutes. I'll think of more.
 
I have a couple of ideas.

Lola. Sherry. Jasmine. Candy. Desiree.

Gimme a few minutes. I'll think of more.
Click to expand...

I second this. Granted i'm 30 something. Women >>>>> all.
 
azanon said:
I second this.  Granted i'm 30 something.  Women >>>>> all.
Click to expand...

Don't let your youth be a barrier to great accomplishments AZ.
If you need additional coaching I'm sure plenty of the 50 somethings can provide assistance.  :D
 
justin said:
And can we take "Jasmine" off the list of names?  I knew I shouldn't have given my daughter a porn name!  ;)
Click to expand...

At least you didn't pick "Tawny Dangles".


- "Daddy Nastee"
 
For a minute there I thought you said "30 seconds..."

(How you last so long?)  :p

OAP, coupla young ladies, bag o primo, PRS guitar and old Fender Deluxe, Condo overlooking the lake/bay/ocean, roommate named HFWR...  8)
 
OldAgePensioner said:
Any suggestions on how to spend the $2M during my good health years? And as most know I'm not a material boy.
Click to expand...

If you want to have a little fun...

I've always had a little fantasy (among several others ::)) of being one of those "mystery givers". One of those people you hear about on the news that just walk up to total strangers who look like they are down on their luck and hand them a $100 bill. Then turn and walk away before they realize what's happened.

I'm not talking about panhandlers, just regular folks...people who might think "finding" $100 was a very major event.

Might be entertaining to do that once in a while. Kinda like the old "Millionaire" TV show only on a much smaller but more frequent scale.

(And yes, I'm fully aware that a lot of skinflints posting on this forum probably fit the "down on their luck" description. So OAP, be sure and ask them if they know anything about used dryer sheets and kayaks before you give them any money. If they start laughing, move on to your next candidate. ;))
 
I used to ride the bus a lot to work. People would get on, struggling to find the right change. I used to daydream about giving the bus driver enough money to cover the next 20 passengers. Would have sped up my ride.

I like your idea Wahoo.

I still think doing something nice every day or so would be fullfilling, but to each his own.
 
John D. Rockefeller used to hand out dimes to people. I guess that made him feel good.

Maybe you could hand out 50's and feel really good. Even better than JDR.
 
Martha said:
I used to ride the bus a lot to work.  People would get on, struggling to find the right change.  I used to daydream about giving the bus driver enough money to cover the next 20 passengers. Would have sped up my ride.
Click to expand...
One of my shipmates had a good idea that needed $100 to make it work. I told him to put in the paperwork to get the hardware and I'd take care of the rest.

Two weeks went by. Nothing. The shipmate came back with "The Supply Department told me this, I have to do that, I need the other thing"... I called the Supply Officer and was told "Them's the rules." I called BS for a $100 purchase but was told that money was tight and everything was being tracked.

There's a "Law of the Navy" that says:
Dost deem that thy vessel needs gilding,
And the dockyard forbears to supply?
Put thy hand in thy pocket and gild her --
There are those who have risen thereby.

My "rising" days were long past but I'd wasted enough time on a Quixote quest, so I put my hand in my pocket and gave the guy what he needed to go shopping. Brilliant idea. Rave reviews from students. COs calling my bosses to praise the concept. Eventually the searchlight swung my way at a DH meeting and I explained that it only cost $100, anyone could do it, I'd be happy to show everyone where to buy the parts and start doing it their classrooms, sure I'd be happy to forward the idea to NAVSEA and the training gods, sure I'd put the guy in for an award, and so on.

The Supply Officer made the mistake of saying "Oh, so my guys took care of you, eh?" I diplomatically replied "Hell, no" and explained what we'd done without his "help".

Best $100 I ever spent for a punch line.

Funny thing, we never had any trouble getting funding ever again.
 
REWahoo, Martha,
I like the idea of helping people out.  There are just so many scam artists out there.  If I could identify a needy family that worked hard and nutured their kids, they'd get lots of anonymous cash findings.

But hey, those girls sound very much in "need" also.

I really need an idea on how to get my Social Security. Looks like I may die before it kicks in. Hell, I might marry someone just to get the money.
 
I would be inclined to fund a scholorship at my favorite school to be awarded to a needy student in middle school contingent on their compentent completion of high school.  Why?  Because I think that some kids give up too soon on life. 
 
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