Sunday, July 16, 2017
Are you gonna live forever?
Financial advisers drive me nuts. They know the cost of everything but the value of nothing.
I was just reading a post on a sailing forum. The guy is 59 and seriously looking at retirement at 62. He definitely does not want to work longer. He wants to live on a boat. The guy makes that clear from the beginning.
The financial advisers on the forum all want the guy to work longer. Now the advice of maybe getting a smaller, simpler, and easier to maintain boat makes sense. Telling a guy he can't live his dream until he's ancient does not. How often have we heard the tales of people who work hard their entire life and then die right after they retire?
There was one retired man who started a sailing blog. He looked in great shape. His dream was to sail his own boat down to Key West. The guy traveled down the east coast. He and his beautiful wife then crossed the state on the canal. He got as far as Ft. Myers, where he suddenly had a massive heart attack and died. His wife made the last post on the blog. Dang.
It's those tales that push me to follow my dreams. You never know your allotted days. Sure, financial advisers can figure out the average life spans, but they can't predict what an individual life will look like. The guy who wants to go sailing also made it clear that his family is not, in general, particularly long lived.
So what are the options? You could keep working and die with money in the bank. Then again, hospitals and retirement homes would probably get it all anyway. Let's say the guy goes sailing and runs through all his money. At the end of his life, when he can't sail anymore, he's reduced to living in poverty. So what? He kids don't get a nice inheritance. That's their problem. At least the old guy has some great stories to tell.