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Posted on 7/28/15 at 1:00 pm to yellowfin
Average in the us is 71 right?
And this may be a stupid question but I'll ask it anyway. The average is 71, so 50% of men die before reaching 71 and 50% die after reaching 71 correct?
And this may be a stupid question but I'll ask it anyway. The average is 71, so 50% of men die before reaching 71 and 50% die after reaching 71 correct?
Posted on 7/28/15 at 1:04 pm to yellowfin
quote:
I don't think I could save enough money for 30 years of retirement
You never know what's going to happen but life expectancy for a upper class white male is almost 80 years old.
brah it sucks to be poor.
The rule of thumb is 25x your first year annual spend, and you can have 30 years of income. I will probably need closer to 40. But I doubt I will actually stop working 100% until I am in my late 50s.
Posted on 7/28/15 at 1:09 pm to yellowfin
It doesn't take a lot of money to live if you have no mortgage, no kids to support, and no car payments. The largest expense will be getting health insurance until Medicare kicks in. Most people will have a major medical expense before 60, and if you don't plan, that will break you. Also, if your parents don't have LTC insurance, don't expect much from them. They will probably spend most of their money the last two years of their life taking care of each other.
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