Comments on: If You Lived 130 Years?

By: First, set age to retire. Second, set age to die. | Engineer Your Finances

First, set age to retire. Second, set age to die. | Engineer Your Finances — Sat, 20 Mar 2010 13:12:36 +0000

[...] the potential advances in healthcare, it’s likely I’ll live into my 100s. How can I say [...]

By: FinEngr

FinEngr — Sun, 31 Jan 2010 16:52:12 +0000

LLC – I saw this article, but didn’t take the time to read it! Wish I did, I updated my post to link back here.

Daily Finance ran an article (series on why health care reform was needed). The author was a doctor whose father-in-law recently past. He made a comment to the effect – he probably spent more money in the last 2 years of his life than in the previous 75.

Thanks for the comment, you’re dead on about a goal of millions. Not many overestimate the projected costs and really undercut their futures by doing so.

Nice monte reference by the way

By: Seeds of Knowledge – 1.29.10

Seeds of Knowledge – 1.29.10 — Fri, 29 Jan 2010 10:44:23 +0000

[...] the Muda wonders what if we live to 130… How will that change our financial [...]

By: The LeanLifeCoach

The LeanLifeCoach — Wed, 27 Jan 2010 21:42:22 +0000

@Tracy – Maybe we should be doing what we enjoy from the beginning?

@FS & David – My first thought was, “how great would this be!” I figure with the knowledge, the power of compounding interest, and a longer investment horizon we would be able to build a bigger and better retirement fund with less money up front!

By: Tracy

Tracy — Wed, 27 Jan 2010 18:15:14 +0000

As a civil servant, I become eligible for retirement at age 50. I have an excellent retirement plan, that unlike many others is 100% funded at it’s lowest point in the last 20 years because the managers are outstanding investors. However, if people like me are going to live that long, these programs (which sadly bank on my type of professional dying much sooner)are going to have to rethink their long term as well. In fact, recent studies have shown that my colleagues have learned to defy the odds due to improved lifestyle choices and healthcare.

It also makes it more important to have a second career plan to do something for love more than money. If the second stage of life is going to be longer, we should try to enjoy it!
.-= Tracy´s last blog ..New Car or Used Car: Eco-Friendly Or Not? =-.

By: David @ MBA briefs

David @ MBA briefs — Wed, 27 Jan 2010 17:51:45 +0000

I guess this falls in the good news/bad news category. We've all heard stories of people who planned their retirement savings to last until a certain age and then went on to live much longer. If our life expectancy is really trending up that rapidly this will probably become the norm (especially since we'll have government health care to take care of everyone). .-= David @ MBA briefs´s last blog ..The definition of FAILURE =-.

By: Financial Samurai

Financial Samurai — Wed, 27 Jan 2010 05:59:51 +0000

Hola Lean – It would be nice to live 50 years longer. The problem is we will probably have to work another 20 years to support ourselves! It’s a tough trade off, but one I guess I would take.

Any book giveaway competition opportunity?!
.-= Financial Samurai´s last blog ..Someone Always Farts In A Crowd =-.

By: The LeanLifeCoach

The LeanLifeCoach — Wed, 27 Jan 2010 05:00:38 +0000

Ryan – The power of compounding interest would be compounded for sure! I’m thinking you wouldn’t care about working at 100 if you made the right choices no later than about 40 years old. I’ve read about the blue zones before, it’s fascinating stuff. I wonder if that’s part of the reason I love sushi so much now?

Thanks for the video!

btw… dropping the job is a big scary step! More power to you, if anyone deserves to have their plan come together you are one of em’!

By: Ryan @ Planting Dollars

Ryan @ Planting Dollars — Wed, 27 Jan 2010 03:51:19 +0000

Whoa, imagine the implications of that! Anyone who starts considerably investing in their 20′s could easily become a billionaire… If that was the case, would there be a greater discrepancy between the rich and poor since the older people would have even more exponential benefits of the time value of money?

I would also wonder how we would feel at 100, if we would still be able to work at that point or if we would still physically limited starting at age 65 or so…

Imagine the wisdom that could be gained in a life that long… amazing.

I wonder about your quote
“Since 2000 the number of people who are 100 or older has doubled!” As the population has probably grown significantly since then so it may not be as impressive on the aggregate.

As a sidenote here’s a great video from the TED series talking about how to live to 100… simple living!
http://www.ted.com/talks/dan_buettner_how_to_live_to_be_100.html
.-= Ryan @ Planting Dollars´s last blog ..Starting an Online Business – The Waikiki Site =-.