Interesting thought from a Tweet

It appears we can learn life lessons from many different events. This person captured two with the passing of Queen Elizabeth.

Longevity in retirement may be your greatest risk

3 comments

  1. As long as Social Security continues as currently constructed and a retiree has at least a decent amount in retirement funds(401k, IRA etc.) and uses the RMD tables, then longevity won’t be a problem except as noted previously. The dreaded dementia can knock everything for a loop.

    The British royal family is a whole world apart with lifetime incomes and residences but with expectations of appearances and behavior that goes with it. I’m good with where I am.

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  2. If your retirement plan relies on an inheritance, then that is no plan but does shows a level of entitlement that you don’t deserve to retire.
    As far as living that long, I can afford it right up until a major long drawn out illness. I can’t afford servants, healthcare workers, or housekeepers like the Queen.
    My greatest fear is either my spouse or I gets Dementia or Alzheimer’s and has to be put into a home. It would bankrupt the survivor. In the case of my Aunt, she has been in a home for over 5 years and nobody really knows if she realizes that her husband past two years ago. But the nursing home got what was left of the family inheritance.

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  3. Prince Charles was already a very wealthy man through an ancient 14th century Prince of Wales trust that generates 30- 40 million a year in income . His son William inherits that. Charles is just richer now than he was I suppose. No worries about running out of money ! Queen Elizabeth did not live as long as her mother, though she lived a long life. There’s no guarantee of a long life no matter how long your parents lived.

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