tag:blogger.com,1999:blog-626594980028435818.post4504305783673327807..comments2024-03-28T18:11:40.841-04:00Comments on Sightings Over Sixty: Are You Prepared for Retirement?Tomhttp://www.blogger.com/profile/08611148987085476580noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-626594980028435818.post-17484306074261233852014-01-02T09:46:15.785-05:002014-01-02T09:46:15.785-05:00The answer to #1 (known as the "safe withdraw...The answer to #1 (known as the "safe withdrawal rule") has traditionally been 4%, but that can vary widely according to how retirement assets are invested. I've seen advisers say 3% is better, while others state that 4.5-6% can be done.<br /><br />There are many assumptions that have to be accounted for in order to come up with a personal figure, and that number needs to be recomputed often in retirement. There are many calculators that perform Monte Carlo simulations to arrive at the probability that your money will survive you.<br /><br />Simulators can be used to calculate how much you need to have prior to retirement, and then afterwards when your post-retirement expenses are known to calculate the survivability of the assets. Generally the simulations should go out at least to age 90.Kirknoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-84633384904695582042014-01-02T06:42:58.170-05:002014-01-02T06:42:58.170-05:00Nobody is ever ready for retirement. It sneaks up ...Nobody is ever ready for retirement. It sneaks up on you and it's "Katy, bar the door!" after that. I prepared all my life for retirement. I always thought it was upside down; we should start out at age 20 retired and then, after 20 or 30 years, go to work until we die. But nobody listens to me.Douglashttps://www.blogger.com/profile/09752593286034877538noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-1695189143895620432014-01-01T20:58:56.615-05:002014-01-01T20:58:56.615-05:00Meryl and others: Sorry, but I want to give other...Meryl and others: Sorry, but I want to give other people a chance to take the quiz. Besides, it will take me till Saturday to write up all the answers!Tomhttps://www.blogger.com/profile/08611148987085476580noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-42250460262397028512014-01-01T18:52:34.406-05:002014-01-01T18:52:34.406-05:00I did not write down my answers and now I have to ...I did not write down my answers and now I have to wait until Saturday! By then I will forget my answers...Meryl Baerhttps://www.blogger.com/profile/13482532818278685217noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-88268336761452491562014-01-01T16:18:30.841-05:002014-01-01T16:18:30.841-05:00I have 2 excellent LTC policies, one I purchased i...I have 2 excellent LTC policies, one I purchased in my 40s from Bell, the other in my fifties from the US government ( am a federal retiree).<br /> <br />1/ the women in my family tend to end their lives in a nursing facility.<br /><br />2/ I can use my policies to cover at home care, which if David predeceases me I might need if I have a major surgery.<br /><br />3/ Not going to live with a child or sibling…ever.<br /><br />DianneAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-67989759558033092592014-01-01T16:08:49.390-05:002014-01-01T16:08:49.390-05:00Darn if I know. Looking forward to the answers.Darn if I know. Looking forward to the answers.Rosaria Williamshttps://www.blogger.com/profile/03133147851332084180noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-81365779230037729542014-01-01T15:16:59.472-05:002014-01-01T15:16:59.472-05:00I'm curious about the answer to #10. My father...I'm curious about the answer to #10. My father-in-law paid for nursing home insurance for thirty years but when he needed one he couldn't find a place that would take him. On a brighter note, here's wishing you a peaceful and prosperous New Year.stephen Hayeshttps://www.blogger.com/profile/17659054447637207734noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-6006679944308956482014-01-01T14:43:46.111-05:002014-01-01T14:43:46.111-05:00Oh, Tom! We have to wait for the answers? No fair!...Oh, Tom! We have to wait for the answers? No fair!Linda Myershttps://www.blogger.com/profile/05706455533282204519noreply@blogger.com