Originally Posted by Moneygrubber
Check out the obits, everyone does not live to 90 as planners suggest. Do you leave the house with an asteroid helmet just in case.?
I buckle my seat belt on every single trip, yet the odds of me having an accident on any single trip is far, far lower than my odds of hitting 90 (odds of a 60 yo male reaching 90 is about one in five). I'm about a dozen serious accidents behind, this year alone!
I prefer to plan for something that has a 1 in 5 chance of happening. Add in a spouse, and the odds of one living to 90 increases.
I do not have an asteroid plan, I'll just have to wing that one.
Are you telling us you don't have insurance on your home? After all, not every house burns down. Less than one in five I would guess.