Financial Guru

[Nice Guy Eddie 13508]

@nineliveslost for what it's worth, and slightly morbid, here is a link to the SSA's life expectancy chart.  At 54, they estimate a man has an average of 25.06 years remaining. If you make it to 60, you have 20.47 years.  The much quoted 73 years of life has the stupid years baked into it that don't allow you to get out of your 20s.  This chart basically resets expectations based on current age.

https://www.ssa.gov/oact/STATS/table4c6.html

 

[nineliveslost 2753]

8 minutes ago, Nice Guy Eddie said:

@nineliveslost for what it's worth, and slightly morbid, here is a link to the SSA's life expectancy chart.  At 54, they estimate a man has an average of 25.06 years remaining. If you make it to 60, you have 20.47 years.  The much quoted 73 years of life has the stupid years baked into it that don't allow you to get out of your 20s.  This chart basically resets expectations based on current age.

https://www.ssa.gov/oact/STATS/table4c6.html

 

Good info. Kinda matches up to the plan I was throwing out above. I get to 60 and have 20 good years left, then it gets creepy. 20 years isn't long. 

[Twizzler 161]

The only way I live past 80 is if I run out of money.   Then I'll have 20 yrs of poverty.

 

 

[Armybrat 40822]

1 hour ago, nineliveslost said:

Good info. Kinda matches up to the plan I was throwing out above. I get to 60 and have 20 good years left, then it gets creepy. 20 years isn't long. 

No shit.

[RDCanecutter 26379]

I've been told, when preparing for a trip, to go back to the packed bags and

Take half as much stuff, and

Twice as much money.

[Wally Fairway 5539]

All you young fuckers should read "The 100 year life", talks about how more than 1/2 of the people my kids age 22-31, are likely to live to 100. Excluded true 3rd world countries. But the book is about planning your life with that in mind; take care of your health, finances, social activity. And that ifi will look different than the traditional 3 phases of life - education, working, retirement.

[Wally Fairway 5539]

Robert the idiot making crazy stupid comments again - don't invest in 401k, invest in metals & crypto instead

https://www.gobankingrates.com/investing/strategy/robert-kiyosaki-predicts-401k-plans-iras-will-be-toast/

which is a follow up to this gem (riddled with inaccuracies)

https://www.gobankingrates.com/retirement/401k/rich-dad-robert-kiyosaki-reveals-why-the-401k-is-a-horrible-retirement-plan/

[RDCanecutter 26379]

On 2/27/2024 at 10:20 AM, Wally Fairway said:

Robert the idiot making crazy stupid comments again - don't invest in 401k, invest in metals & crypto instead

https://www.gobankingrates.com/investing/strategy/robert-kiyosaki-predicts-401k-plans-iras-will-be-toast/

which is a follow up to this gem (riddled with inaccuracies)

https://www.gobankingrates.com/retirement/401k/rich-dad-robert-kiyosaki-reveals-why-the-401k-is-a-horrible-retirement-plan/

But think how much safer the elderly would be with an ammo box full of Austrian 20 Coronas under the bed?

[Wally Fairway 5539]

6 minutes ago, RDCanecutter said:

But think how much safer the elderly would be with an ammo box full of Austrian 20 Coronas under the bed?

Just now, Wally Fairway said:

I'd rather have Mexiccan Coronas -

 

 

[RDCanecutter 26379]

4 minutes ago, Wally Fairway said: