Friday, October 8, 2010

When Will I Die?

I understand that retirement planning is hard, but...this is a new wrinkle. In addition to figuring out how much I have to save, I have to figure out how long I'm going to live? How the fuck am I supposed to do that? Also seems to be suggesting that I work longer to make more money and get a bigger Social Security check. Well...duh! I could work until I'm 150 and make even more! I am going to handle preparing for retirement among more conventional lines and try to work long enough to drop dead on the job.
Retirement planning is complicated, beginning with the decision about when to begin taking your Social Security benefits. On one hand, if you need the money and don't expect to live into your 80s, it is tempting to take Social Security as early as possible — at age 62 — to benefit from the income stream. On the other hand, you can increase your monthly payment considerably by waiting until age 70. Most people underestimate how long they are going to live.
I'd hate to think I was going to live too long.

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