Posted on 04/16/2018 5:37:36 AM PDT by sodpoodle
some of their opinions are evil or crazy
Some good advice, but not for everyone.
For some seniors being able to save for their children and grandchildren has been a long-term goal that gives them joy.
And does everyone need to buy what is “the best” and “most beautiful” even if it is for one’s partner? I think not. I don’t think that is necessarily ever what life is all about and most seniors have a recognition of stuff as less important as they grow in wisdom.
And to live or not to live with their family? Again, an individual choice. Many grandparents add immeasurably to a family with a wonderful, two-way dynamic.
I could say much about the medical industry. Some good. A lot bad. But I won’t.
Excellent.
What happened to ‘LIVE LONG ENOUGH TO BE A PROBLEM TO YOUR CHILDREN’?
Tell me about it, Government controlled ins doesn’t cover things like Lasix for fixing badly done cataract implants, dental, hearing, or vision like glasses. And NONE of it is cheap. Those medicines they put you on destroy your vision, and teeth. Thousands of $$ for dental work, cheaper to buy dentures than treat receding gums and 2 molar implants. 9 lower teeth left. With autoimmune diseases no guarantee grafts of implants will take. Besides I’m a Tightwad Scot and want value for what I buy.
Exactly. Spend your money now? At 65 you may be living 40 more years with no salary coming in.
If the kid’s don’t screw it up they’ll be in pretty good shape. With the ranch and the oil and gas revenues they’re not going to want for much. My biggest fear is what happens after I pass, what will happen to a ranch that’s been in the family and provided for the family for many generations. I have 3 daughters and none live within 600 miles of the place and neither show much interest in the place. I’m 68 and my health’s good but many things can change, I’ve lost allot of friends over the years and realize it can happen in the blink of an eye. My daughter in Wyoming is the only one that seems to carry the country girl gene, but with two others involved who knows. The wife and I live the life we want and have fun doing it.
Your better half wants to enjoy life with you more than without you.
Balance, mon vieux.
Seems to be generally good advice. I’ve got a while till I’m there.
My dad once sent me and my brothers a letter. It names my younger brother as his executor but said he probably wouldn’t have much to do. His goal was to die broke.
He failed. He lived comfortably and left his widow enough to live out her life with no problems.
We each also got a nice inheritance which in my case enabled me to held each of our kids with their college costs.
We didn’t expect anything so we didn’t live that way. My parents are divorced. My mom’s husband is very comfortable financially. His kids told him not to remarry because then my brothers and I would want some of his inheritance. I was actually offended when I heard that and told my mom that we do not want nor deserve a penny of his. One of his ungrateful spawn actually cheated him out of his business as he was getting ready to retire.
They’ve been married about 20 years and I’ve never even met some of his kids. Nor do I care to.
A good friend is about 80. His wife just died after a 25 year cancer battle. (she won in my book)
He seems to be doing well.
Probably good advice with the exception of spending everything you’ve saved...How many of us aren’t concerned about the $$$$ that will be needed for our healthcare which could include assisted living? The person who put this list together obviously thinks it won’t happen to him/her...It usually does and who is going to pay the $5,000 - $10,000 per month for that care if everything one has saved was spent according to this list? If you want a shock, check out the costs in your area. You won’t want to spend a penny unnecessarily after looking at those figures..
I can see with friends/family it doesn’t really matter how well one has prepared for that eventuality. No - my advice is to NIX the first idea on the list...
I am also a scot tightwad but I have figured out that they will get it all before I go. Anyone who thought they would get a big inheritance are going to be very disappointed! One word of advice to all of the people that think they are rich because of that idiotic 401K Statement - you not only have to pay taxes on it, if it is in stock, you have to pay capital gains on it. So if your statment say you have $1 million, you don’t. You share it with the government and are lucky to get half of it. your medical expenses go up. Our out of pocket expenses are about $25K per year now since my wife is not on Medicare, and even if you are, the part the government does not pay has an incredible deductible on it. I would budget differently now - I would assume that I would likely be able to keep a third of it and not cash any of the 401K unless I absolutely had to.
WAIT!! I have another one. Naps! Take those naps without guilt or remorse. I’ll be 66 next week and one of the best things about aging is that the 2 pm nap I was craving when I was 40 is perfectly acceptable at ‘my age’. I love it. Don’t bother calling between 1-3, I won’t answer the phone.
Yep. Assisted living in our area is well over $300/DAY, closer to $400.
“What were they thinking?”
Indeed. Whatever it was, how can we find it? We need toughness of mind and gentleness of spirit for the coming days. That only comes from the God and father of our Lord Jesus Christ. Here on FR we spend a lot of time angry at politicians and their latest machinations. The Founders seemed stable to me and not as disrespectful of authority. Anger will not sustain us.
“Folks, the reality is the liberals are going to destroy our wealth.”
I try to prepare my mind for that. My “safety net” may be disappeared. Post WWII optimism about life, if ever warranted, makes sense for those who went through it. They suffered and could rightly enjoy relief. They then proceeded to ruin their children through indulgence—”I don’t want my kids to go through what we did”—and then those children REALLY ruined theirs and so on until today.
“Ruined” seems extreme, but they made them weak and decadent. They’re “nice people” maybe, but they have NO concept of willingness to suffer for a future generation. At least you’d never know it from how they talk about life and the future. It’s all up, up, up! No taste for the “negativity” of reality, which is hot on our heels and will not be ignored forever.
NOT with my money.
After 30 years in high tech, missing holidays to hit target deadlines, postponing vacations, stress which endangered my health....
I have given enough for King and Country.
We’ve pinched pennies so hard for so long that it’s hard to stop.
LOL!
I’ve become even more conservative (and surly) and believe I MUST do whatever I can to insure a free Constitutional Republic for my 2 daughters & granddaughters.
#20. I laugh at people all the time. I get the feeling I am the only one laughing. THAT makes me laugh harder!! These poor saps I laughing at can only give confused looks at best. Some get mad and that brings out my evil laugh which usually infuriates them.
HA HA !!
Don’t wear sweat pants to the store.
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