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"How to financially hedge your longevity"
Old 04-25-2007, 12:35 AM   #1
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"How to financially hedge your longevity"

Here's one way to handle the scary possibility of outliving your money:

"A British man celebrated his 100th birthday with 25,000 pounds ($50,000) in winnings on Tuesday after he beat the bookmakers with a wager that he would live for a century. Alec Holden, from Epsom, south west of London, had placed a 100 pound bet with bookmaker William Hill almost 10 years ago that he would live to be 100 years old."

Great motivator, too!

Better place your bets now, though-- the bookies are starting to lose money on what used to be actuarially a safe wager.

Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on "The Military Guide to Financial Independence and Retirement."

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Re: "How to financially hedge your longevity"
Old 04-25-2007, 03:23 AM   #2
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Re: "How to financially hedge your longevity"

Did you say insurer or bookmaker?
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Re: "How to financially hedge your longevity"
Old 04-26-2007, 01:13 PM   #3
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Re: "How to financially hedge your longevity"

I wouldn't want to give someone like that a motive to kill me.
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