Ignore me. I was being over-serious.
In the U.S., if you don't cover your assets then an illness can wipe them out. It has been said that the best thing to do if you're going to require long term health care is to rob a bank. Stay in the bank until the police arrive, go to prison and they will provide you with all of the health care that you need. This will also allow you (your family) to keep your home and your life savings.
This is a very good and interesting commentary on the difference in how Americans versus Europeans view these matters. I suspect this will all change when millennials get a bit older.muirtan wrote: ↑Mon Mar 12, 2018 1:23 pm@ bear but I'm in the UK with NHS, state pension, works pension ( index linked teachers pension and OH local government) plus savings. So can you think of anything else? OK the unforseeable happens but I don't plan for the worst but the average case. If I planned for the worse I'd save all the money I spend on guitar lessons and never would have bought my two guitars so would have missed 17 years of a life enhancing experience which I hope has many more years ahead.
Probably true!henders wrote: ↑Sun Mar 11, 2018 1:42 amI remember thinking along the same lines -- that retirement was years off, not worth really thinking about, etc. And now here I am in my early fifties, with just ten more years or so to work. It flies by.
If it’s that bad, get out while you still can.powderedtoastman wrote: ↑Tue Mar 13, 2018 5:27 pmProbably true!henders wrote: ↑Sun Mar 11, 2018 1:42 amI remember thinking along the same lines -- that retirement was years off, not worth really thinking about, etc. And now here I am in my early fifties, with just ten more years or so to work. It flies by.
More pressing to me is the issue that I don't believe I can last in my career for 30 years. I have a rare job where in principle I am in position to be a "lifer" but I've been at it five years and I'm already just about bored to tears with it... so if I stick with it I'm not so sure the time will fly actually.
Such is life!
I have a cure for that: combat.muirtan wrote: ↑Sun Mar 11, 2018 12:06 pmPeteJ wrote: ↑Sun Mar 11, 2018 11:17 amEach to their own. The trouble with this approach is that there's no preparation going on. I like the old Indian tradition where at 50, with the family now in the hands of the elder children, men would wander off into the forest to prepare for death. But then their religious system allows for such preparation and makes it meaningful. Our local religion tends to assume this is not possible or worthwhile.muirtan wrote: ↑Wed Mar 07, 2018 12:07 pm
Really!!!!!! I retired at 62 the average age for a woman is about 82 in UK that gives me 20 years. 20 years is longer than I ever spent in one career. Time for me to do all the things I never had time for but wanted to and become myself not someone's mother or wife. So liberating.
And don't cover up the thought of death have already told my OH what I want for my funeral I'm just not going to dwell on it.
What do you mean by preparation? Will written, money more than enough to live on, joint accounts so hubby can access my money if necessary, funeral discussed ( but not dwelt on). So time to do what I want, what else do you suggest I do to prepare? Will revise the situation as and when things change. As an atheist I have no religion so don't need to prepare in that way.