> Well, the grandmother that died at 44 died from child birth. The grandfather that died at 46 was sick for a while, I just can't remember what of. Both of them died in 1951, so I really don't know all the details.
if you delete grandma from the equation ( I think you should) (46+84+86)/3 = 72
grandpa is probably one to delete too... so I would aim at 85+
either way you are young, plan ahead.
I am glad I did!
Surely you jest!
> Never spoken with a financial consultant in your entire life? That's disturbng.
My wife and I did meet with a financial planner once, about 10 years ago. She went over our investments, and at the end of the meeting said we didn't need her advice. That's pretty much where I left it until a few days ago.
The numbers look fine, so no worries here.
> > Way to go, and like making a will, it is not easy to admit we are potential worm fodder.
> >
> >
> > Just think if you had the option of investing that 15 per cent you paid into SS in the same manner you invested what you could spare from the daily household income.
> >
> >
> > It's not something any prudent person would post on a website, but do the math for your own basis of comparison. I'd be willing to bet you did better with your choices than Uncle Sam.
>
> Not true, as the stock market debacle of 2008 should make clear. Uncle Sam invests in Treasury Bonds, a very safe investment and over a 50 year period should produce enough income to cover our Social Security monthly payments.
At least if you die, it is still your money (to be left to family). With SS, your family gets a ridiculous death benefit (something like $200) and the rest goes back into the pool. SS would work if only the people paying into it were the ones receiving.
Oh, and the 2008 stock market debacle -- My 401k averaged 10 - 12% during the Bush years. It bottomed out in late 2007. By 2010, it was back to where it was prior to the bottom out. Now, it is back down again by a decent amount. So I guess I am in the elite since I made money during the Bush years which I proceeded to lose during the last 3.
Don't Retire.
Seems most people die shortly after retiring if they do not have some other work or hobbies to keep busy. I like surveying and hope to slow down someday and let the kids take over the hard work, but never will I retire.
Retirement
Jim
Don't !
Nice as your SWMBO is, she may figure out "AH HA !!!!, now I'll get my job jar list out !"
Ask Kent !
YOS
Derek
About 1952:
My Mother's father died in his 40s of a heart attack.
Two weeks later my Father's Father was killed in an industrial accident.
One Grandmother lived until 89 and the other 94 so I have a mixed background.
> A significant item to consider is the list of durable possessions that will last you with reasonable maintenace cost in your retirement years. Make sure these are fully paid for. An appropriately-sized home for example. Not the mansion on a hilltop, but, something comfortable for one or two older adults without stairs and other inconveniences for elderly people. Well-maintained, relatively new vehicles that are simpler than some with all the bells and whistles that will wear out and cost an arm and a leg to maintain. Simple, economical appliances and house support systems. Cut out the frills. Go with what you need. Pass on to the next generation anything you want them to have.....sooner rather than later. Minimize your potential tax liability for capital gains on long-held property and such. Meet with experts on this if you have a sizeable nestegg accumulated.
>
> One can actually live rather inexpensively if they cut out the nice-to-have and replace with the must-have.
>
I believe that is the key to financial security... no debt, and maintenance you can easily afford.
It takes some adjustment
