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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: THE ANT who wrote (90871)	6/1/2012 9:02:23 AM
From: Maurice Winn	1 Recommendation Respond to of 218621

Klaser, from my observation of family, 80 is reasonably likely in good enough condition for enjoyment including travel. Age 90 too leaves some in passable condition. None have made it to 100. Good move: <I am in my early 50s and am dropping all work other than that I enjoy and keeps me intellectually sharp. > I have always assigned quite high value to enjoying myself on the way through, while setting aside plenty of investment to provide for later enjoyment too. A friend of ours in Antwerp in 1988 [in corporate management work] worked long hours, was away from his family for a week at a time as a regular thing, as a manager for an international company. It seemed to me to be too much work and not enough time for family. Unfortunately, he developed motor neurone disease and was dead within a couple of years. I pretty much quit work in 1989 though did work for another couple of years in the early 1990s. Now it's part time help-out type activity to me. Life is too much of a lottery to leave too much for too long into the future. Children are only children once so time must go to them immediately, not later. But planning for the last 20 years is crucial to enjoying ages 60 to 80. It's easy to do so when younger. Enough of my ancestors were getting along pretty well at age 90 that I'm keen to ensure I can do the same. Not only that, 100 is not out of the question. An annuity would help a lot in the decision about when to quit. The actuaries and management would have to do a good job though. I suspect managing my own investments and leaving a surplus after getting the short straw is a better bet. On the other hand, managing money at age 80 might not be the best idea. An annuity might seem more sensible then. It looks like a good business opportunity and advantage for people in their 50s and 60s. Mqurice

To: THE ANT who wrote (90871)	6/2/2012 6:09:34 PM
From: TobagoJack	2 Recommendations Respond to of 218621

Dad worked on own fund raising efforts (funding for computers for kids) for charity up until 30 days before he passed on and up in 1995 at age 87 after open heart complications. 18 years before the open heart dad had a fight with cancer that was supposed to take him w/i 3-6 months and the doctors could only ameliorate the symptoms as cure was no longer possible give metastasis to spinal cord. Dad kept working. All lesions disappeared in about 3 months. Doctors said they had never seen any similar case. Mom is over 80, working at her next book, moved to w/i 10 min walk of us, spending three half days per week with our 22 months young son, walking an hour a day, meeting new friends, tripping with us and occasionally with group of friends numbering 20 who are between the ages 70 on up. Mom walks better than some 40 years young. Super. As and when necessary we shall hire for mom full time live-in help at reasonable cost of used 500 per month, a bit more if trained nurse, but not much more. I tell some of my American long term expat friends (my euro expat friends already think pretty much as I do) that they did not think through their reflexive purchases of country homes for retirement purpose, choosing to be possibly isolated and eventually unable to drive, dreaming about fishing, mostly watching tv, in effect co-terminating their lives with residual abilities to drive and care for self, and eventually suffer various gradations of 'care' in various flavors of 'homes'; When for essentially the same aggregate cost they may live as kings on their own expansive and no-more expensive ocean side beach or cliff frontage home served by several, with biggest decision each day being when to engage with what ethnic variety of massage and for how long, while watching hbo or listening to classical music, and whether to nap afterwards or not. I figure when I eventually retire, I would do exactly what I now do, as long as I have partners to do with. Once no partners, hang around a few years, watch the kids, give some unwanted advice, then go.