I am using this thread to do some introspection on some subjects that are missing in the daily action on the forums. It may or may not be interesting or of use to you. Simply some ruminations on our years in retirement, and hopefuully some insight into our plans for the future.
First... the subject of health and retirement. Not the "money " part with medicare or insurance, but the physical part.
Normal healthy persons who are looking to retire early, or even "on time"... look for a place to settle, the mental peace that comes with adequate financing, and a time to live the American Dream. It's a time to learn the joys of independence, and to fulfil all of those "bucket list" plans. Travel, Sports, Music, Hobbies, Social pleasures, and that wonderful feeling of getting up in the AM, without having to go to work.
Introspection indeed... All of the above. The past 23 years have allowed myself and my bride to experience everything that we wished for, and then some.
At the same time, we have lived in senior communities for 20 of those years, which has given an opportunity to see others who are the same age, as well as older and younger. Folks who had somewhat less money than us, and those who had many multiples of our worth. While we all live our lives in our own way, there is one common thread that affects all of us to one degree or another.
Health
It's a matter of time. Beginning with our first month of retirement to Florida in 1990, a couple our own age moved in next door. He was two years older than me... 56, and was mowing lawns to supplement his retirement. A month later, with no warning, he died from a heart attack, leaving a 55 year old widow.
We don't... can't... plan for these things. Living in a normal mixed age neighborhood with kids, schools and working folk, death or catastrophic illness is rare. Only when the age spread tightens, like from 55 to 85, do the odds change. We don't often hear about actuarial interruptions to retirement.
On a recent thread, there was substantial discussion about living in structured retirement communities like The Villages in Central Florida. Most of the attention was paid to the busy community of people doing things.. clubs, golf, travel, shopping, sports golf carts, etc., and the downtown activity centers busy. "Liesureville" (the book) played up a young vibrant community. Yes, it is. What is never seen, is the older and less healthy part of that community, perhaps half...that are not actively involved in most of these things. The huge medical presence in the villages, is almost equally busy. Offices, clinics, specialty centers and hospitals are permanently full. In a community of nearly 150,000 people there is a wide spread of health levels.
In my own case, in the early days of retirement, we were not really aware of any possible interruptions to our retirement dream. My colon cancer was cured and only a blip in memory... And then,at age 55, my bride suffered a stroke, and except for a magnificent emergency operation by Florida's premiere surgeon, might well not be here today.
Yeah... I realize this is a downer... but hopefully some points to make a reader more aware of the positives, while being mindful that each day of retirement is a gift.
A few more points... In 2001, my best friend and neighbor (we bonded on first meeting and did everything together) spent a full day on Jet Skis in Wisconsin... and had plans to get together in Il at the end of the week. A phone call from his wife delayed the visit, two days later he was diagnosed with Pancreatic cancer, and two weeks after that died.
In 2002, we became close friends with a young (age 52) couple from Canada. They were visiting us in Illinois in late September 2003, touring the area and Lake Geneva. He had a mild cough, but non debilitating. On his return to Canada, it was diagnosed as lung cancer, and he died on my birthday in early November.
This litany of misfortune serves no purpose, but to make real those interruptions to life in the later years. Without being too morbid, in our community of 350 homes... since 1990, we have lost more than 150 friends... dying of old age, in nursing homes, or moved north to be with family because of infirmities. Others remain, but are housebound or wheelchair bound. Just a fact of life.
So now, we live our lives normally, not dwelling on death or infirmity, but aware... We talk about the possibles and the probables for the future. In previous posts on this thread, I mentioned our map for the future, involving living in a full service senior community... Houses, an apartment complex 60 units, an assisted living complex 45 units, a rehab center, and a 65 unit nursing home. Not needed today @ age 76, but likely in the future.
We spend less time travelling, and more time on the computer, and watching TV. We'll give up our camp on the lake in another year or two, and instead of owning in Florida, will probably fly back and forth and rent... and maybe not even do that.
As I previously stated, we have done our "due diligence" for wills, health directives, power of attorney etc.
As part of this introspection, some personal things that lead us to realistic about the future... Despite biking and canoeing, and our "forced marches" in the local mall, we're facing some unsteadyness, arthritis, mild muscle weakness, vision issues and now, for me, periperal neuropathy... a progressive, aggravating though not seriously debilitating disease.
...AND the old worry about dementia, as we both have history in the family. All tests and our kids say no, but when literally "Losing" words... it's a cause for worry... Again... this is not intended to depress anyone, but for any possible interest...Here is an excellent, no punches pulled article:
Things to know about Alzheimers/dementia
http://www.ama-assn.org/ama1/pub/upload/mm/433/aging_vs_dementia.pdf
And one more information article that deals with the possibility of nursing home home care... odds and cost. Our Nursing home insurance was discussed in previous posts.
Long-Term Care Insurance: The Risks and Benefits | Nolo.com
There... quite a divergence from the financial parts of retirement, and not much in the way of advice.
Hopefully, with the indulgence of the moderators, I can drop back with more on our decades of retirement. In the meantime it's a chance to organize thoughts, and prepare for tomorrow.