@70356141 @134318c2 All of the points on this thread are important. Your formula is also an important consideration, with one issue: 76 is more or less life expectancy when you’re born. It changes as you get past the risks of infancy, childhood, and young adulthood. A male 62 years old right now has an additional life expectancy of 19 years (so 81). A critical distinction when doing this kind of planning. https://www.ssa.gov/oact/STATS/table4c6.html
@05679593 @134318c2
Good points! But I feel folks should also pay close attention to their genetics, eating habits, and the quality of their health insurance plans.
Mom’s side of the family live past 95 (male & female). Dad died at 76 in a car accident (not at fault). His Dad died at 54 (?) from a stroke/heart condition. Mom lived to 96.
In my soul I think I’m going to live past 90 — more of a curse than a blessing in my mind? But I’ll prepare for the worst.
@70356141 @134318c2 Yup exactly. It's all of this uncertainty that makes "you're on your own, save for retirement" so pernicious. An individual has no choice but to plan for (or fail to plan for and deal with the consequences) the worst. Collective entities like the government can balance Sally living to 97 with Todd being struck by lightning at age 65.5
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