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I have just read this on a forum - Thoughts?
Comments
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I am exptected to live to 75 and 5 months.
Question is: Do I feel lucky punk?0 -
Ok so I am to hit 75.3 years! Great, tho i am from Glasgow so factor in the 25% reduction.... that gives me 56.5. I take it that means I am the 1 in 5 thenHere to help and be helped!0 -
Data from The office on National statistics Interim Life Tables
United Kingdom 2007-2009.
This gives remaining years of life given an existing age
A very brief summary:-
Age Men Women
0 77.7 81.9
10 68.2 72.32
20 58.4 62.43
30 48.8 52.6
40 39.3 42.9
50 30.1 33.4
55 25.7 28.8
60 21.6 24.5
65 17.6 20.2
70 14.0 16.2
75 10.7 12.5
80 7.9 9.3
Once you avoid the pitfalls of dying young or in middle age
then there is old age to look forward to. The older you are the more chance that you will live to be even older. Those that are dead already have no chance.
J_B.0 -
The thing which struck me is....
Many plan for retirement, many scrimp and save, go without, planning to start living when they hit 65. Many never see 65, so the last years on this planet are lived by planning for something that will never happen.
Me i would rather be skint at 65, and lived a great life with minimul work effort, and maximum lifes experiences spending everyday doing what i want to do, excluding work commitments.
So, at 65 i might be skint, but at least i got there, had a great time, and do not look back with any anger or resentment that i have worked hard all my life only to got to 65 with an illness or restricted mobility so not be able to fully enjoy my cash.
This is very common, treat today as your last, it might be:beer:0 -
meatandtwoveg wrote: »The thing which struck me is....
Many plan for retirement, many scrimp and save, go without, planning to start living when they hit 65. Many never see 65, so the last years on this planet are lived by planning for something that will never happen.
Me i would rather be skint at 65, and lived a great life with minimul work effort, and maximum lifes experiences spending everyday doing what i want to do, excluding work commitments.
So, at 65 i might be skint, but at least i got there, had a great time, and do not look back with any anger or resentment that i have worked hard all my life only to got to 65 with an illness or restricted mobility so not be able to fully enjoy my cash.
As always, the key is moderation. Live a rich yet not extravagant life from 20-65, putting aside a reasonable amount to cover retirement and enjoying the rest, and it needn't be an either/or situation. 10% of your income for 45 years, with tax relief, compounded returns and possibly employers' contributions should give you a rather handsome pot to see you through your retirement, while not handicapping your pre-retirement lifestyle in any significant sense.
(Since Martin's money makeover claims that an average person can gain 25%/year by stopping waste, I'm sure 10% is manageable for most - maybe not people on these forums, but we're talking in the wider sense here, no?)0 -
meatandtwoveg wrote: »The thing which struck me is....
Many plan for retirement, many scrimp and save, go without, planning to start living when they hit 65. Many never see 65, so the last years on this planet are lived by planning for something that will never
happen.
Me i would rather be skint at 65, and lived a great life with minimul work effort, and maximum lifes experiences spending everyday doing what i want to do, excluding work commitments.
So, at 65 i might be skint, but at least i got there, had a great time, and do not look back with any anger or resentment that i have worked hard all my life only to got to 65 with an illness or restricted mobility so not be able to fully enjoy my cash.
This is very common, treat today as your last, it might be:beer:
I didn't really plan for it. All I wanted in retirement was to be able to run a car, have a warm house and good food to eat. I foolishly paid the lower insurance rate for married women (as advised by a family member who was senior in the DSS).
Started saving in the 80s and it grew and grew but I started a serious decline in 1999 so I can't even enjoy each day as if it's the last and, I am getting fed up of managing the money.
What I will have is a family who are well off when I go but ...hey, they are welcome to it.0 -
".....I know what you're thinking. "Did he fire six shots or only five?" Well, to tell you the truth, in all this excitement I kind of lost track myself. But being as this is a .44 Magnum, the most powerful handgun in the world, and would blow your head clean off, you've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?...."0
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