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Risk Averse Dilemma
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Based on usual life expectancy you are about as likely to be alive as not.Straight_Shooter wrote: »I figured that by the age of 87 (if still alive) my thirst for wine,women and song may have run it's course and the need to pay myself £19k with it - reverting back to reliance on state pension solely...
If the answer is that you're alive, you might be disappointed with what you can buy with the state pension that you're trying to live off for the subsequent 10 or 15 years (or more). And you probably won't enjoy the quality of life you get off the state during that time once carers or care home fees burn through your house sale proceeds at £1k+ every couple of weeks.
If you want to guarantee you don't need more than the state support after your mid-80s, I expect Dignitas have some sort of prepaid plan you could sign up for now.0
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