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Thinking about retirement?

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I’m 61, and it’s on my mind. This was a depressing read.


I hope to spend more time playing an instrument (I hear it’s good for brain function) and maybe learning a language. But there are only so many hours you can do those things. Apparently I’ll just be fighting for the remote and going to the doctor.
I'm 52 so it's not so abstract now but I think I have solved the 'what to do with my time and money' problem; the local school system is pretty suboptimal in my area so we took a difficult decision to put both of my children into a private school-in the UK this means I will spend my final decades eating out of bins.
 
I'm 52 so it's not so abstract now but I think I have solved the 'what to do with my time and money' problem; the local school system is pretty suboptimal in my area so we took a difficult decision to put both of my children into a private school-in the UK this means I will spend my final decades eating out of bins.
You could do what one of my brothers did - get appointed as the head of the board of governors and fix the school.

He did initially get some pushback from the headmaster, but once the school started rising up the rankings, that stopped.
 
I understood very early that my hands are hollow, can't save a cent by myself so I assigned it to others.
Combine that with my taste for nice things and I could easily end-up homeless and hungry :facepalm:
You were born to be a fortune teller: :cool:
I never made plans to live anywhere north of 35years-old and EE school didn't teach us much about econ and/or financial responsibility.
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OT: There is this local alternative-music band called Dirty Heads and they've had this song called "On Vacation" (circa 2017):
Dirty Heads -Vacation (Lyric Video)
^^Whenever we hear this song, both of us (now retired) do the sing-along with the Chorus parts.^^

It's very therapeutic; you may wish to join us in the sing-along... even if you have not entered your retirement years!
A-A-Ayyy!
 
EE school didn't teach us much about econ and/or financial responsibility.

Neither did art school lol.

When I go on vacation I'm usually connecting with people who do what I do in domestic and foreign lands. It's a very good thing to be passionate about what you do in life.
 
My Dad is in memory care at the moment. It is indeed expensive, but he still has some savings.
We're dealing with this scenario with my father-in-law. We buried my mother-in-law on Thursday of last week and when I drove to pick up my FIL on the morning of the funeral, I found him on the floor of his bedroom and he had slipped and broken his hip. Had to call 911 and then race home to dress and attend the ceremony.

His memory was already slipping, but the passing of his wife of 69 years has accelerated the process and depression has set in. He is financially capable of paying for the needed care, but that will soon be eaten up as the cost per month is so high.

Been a crazy couple of weeks and when your parents (he is 93 and she was 91) are that old, you quickly start to feel your age dealing with all the turmoil.
 
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We're dealing with this scenario with my father-in-law. We buried my mother-in-law on Thursday of last week and when I drove to pick up my FIL on the morning of the funeral, I found him on the floor of his bedroom and he had slipped and broken his hip. Had to call 911 and then race home to dress and attend the ceremony.

His memory was already slipping, but the passing of his wife of 69 years has accelerated the process and depression has set in. He is financially capable of paying for the needed care, but that will soon be eaten up as the cost per month is so high.

Been a crazy couple of weeks and when your parents (he is 93 and she was 91) are that old, you quickly start to feel your age dealing with all the turmoil.
It's horrible.

Dementia is a vile disease. My Mum has been slowly declining over about 14 years. She is 93 now and nearing the end (I hope - said with all the love in the world).
 
After spending the past 18 months "almost, but never quite getting around to" looking for a job, my wife asked if that means I'm now retired.

Now, the challenge is where to retire... staying in Seattle is unlikely since we plan to live past 74 (which is when our money runs out if we stay here).

I understand. I spent decades teaching medical and graduate students and I was perpetually impressed with their intellect, engagement and focus. Interacting with them was always a delight and a challenge.
This is why one of our top goals is to retire to city with a vibrant university community.

There are so many stories of people moving to other countries like Portugal to retire ....
Personally, it's unlikely something I would do, due to a multitude of things, but I can see how this can work for some people.
We are heading to Europe in two weeks to see whether we can be those "some people" — with an initial focus on Albania and Southern France.

I'm on track for potential French citizenship (my partner and her children are) which somewhat helps the long term picture. We already do all our dental in Europe at significant savings. Avignon is close enough to Marseille for major medical stuff, about as far as I'd have to go where I live now.
Congrats on your progress! We plan on investigating Marseille and Montpellier — just to the east and west of where you've setup.
 
This is why one of our top goals is to retire to city with a vibrant university community.
Blacksburg is a nice place. We have good doctors here and the kids keep the vibe up. As we say: It's nice when they leave in the Spring and it's equally nice when they come back in August! Our weather is decent also. We're at about 2,000 ft elevation and the humidity stays in a decent range. N/ot too many ho0t days and not doo many really cold days either.
 
Thinking about old age, one of the great (current, probably solvable in longer terms) tragedies of Western societies is the limited progress of medicine in maintaing quality of life vs. merely facilitating prolongation. As far as I can tell, our ability to arrest previously terminal conditions relating to e.g. cardiovascular disease and strokes, has greatly outpaced the ability to maintain/enhance quality of life after such events. I watched my father suffer through 12 years of absolute debilitation after a stroke, slowly sinking into physical and mental disability, with no prospects of improvement. I would not wish to go through the same, and find it quite hypocritical that we are so focussed on maintaining «life» simply for the sake of it, without considering the experienced value of those late life years.
 
Thinking about old age, one of the great (current, probably solvable in longer terms) tragedies of Western societies is the limited progress of medicine in maintaing quality of life vs. merely facilitating prolongation. As far as I can tell, our ability to arrest previously terminal conditions relating to e.g. cardiovascular disease and strokes, has greatly outpaced the ability to maintain/enhance quality of life after such events. I watched my father suffer through 12 years of absolute debilitation after a stroke, slowly sinking into physical and mental disability, with no prospects of improvement. I would not wish to go through the same, and find it quite hypocritical that we are so focussed on maintaining «life» simply for the sake of it, without considering the experienced value of those late life years.

The term 'healthspan' is used by gerontologists and is defined as the number of years that a person lives in good health free from chronic illness or disabilities of ageing. There was an interesting article in New Scientist about healthspan a couple of weeks ago (you may need a subscription to read it)... https://www.newscientist.com/articl...is-revolutionising-how-we-think-about-ageing/
 
And that's why we chose to stay here in NYC despite the cost!
You must remember the old adage about "You can take the Girl out of the City but you can't take the City out of the Girl"?
Joiseyites used to quip back that "Yeah, NewYorkans felt strange if they weren't rubbing shoulders with strangers!"

Moral of ^above^:
Think twice before moving away -for college- with one.
Some roots go way deep!
 
The term 'healthspan' is used by gerontologists and is defined as the number of years that a person lives in good health free from chronic illness or disabilities of ageing. There was an interesting article in New Scientist about healthspan a couple of weeks ago (you may need a subscription to read it)... https://www.newscientist.com/articl...is-revolutionising-how-we-think-about-ageing/
argh, paywalls!
Few years ago, during a yearly geezer check-up with the doc, he mentioned something about "quality of life".
It took near 3 years to remind me of that conversation, when you posted your 'healthspan' link.
So, I did a search [not AI] for "What is the "quality of life" issues for retirees".
Results yield some very interesting topics on the many facets of 'retirement'.
 
Thinking about old age, one of the great (current, probably solvable in longer terms) tragedies of Western societies is the limited progress of medicine in maintaing quality of life vs. merely facilitating prolongation. As far as I can tell, our ability to arrest previously terminal conditions relating to e.g. cardiovascular disease and strokes, has greatly outpaced the ability to maintain/enhance quality of life after such events. I watched my father suffer through 12 years of absolute debilitation after a stroke, slowly sinking into physical and mental disability, with no prospects of improvement. I would not wish to go through the same, and find it quite hypocritical that we are so focussed on maintaining «life» simply for the sake of it, without considering the experienced value of those late life years.
The 'overall duration' has to be critically compared to the 'subject's quality of live'.
Basically, we all have quality of Life if ADL (Activities of Daily Living) can be achieved without external support.
Beyond that, with certain support, quality of live may degrade, but not without a feeling of giving up control for the subject.
If this goes further, life goes ....
 
Thinking about old age, one of the great (current, probably solvable in longer terms) tragedies of Western societies is the limited progress of medicine in maintaing quality of life vs. merely facilitating prolongation. As far as I can tell, our ability to arrest previously terminal conditions relating to e.g. cardiovascular disease and strokes, has greatly outpaced the ability to maintain/enhance quality of life after such events. I watched my father suffer through 12 years of absolute debilitation after a stroke, slowly sinking into physical and mental disability, with no prospects of improvement. I would not wish to go through the same, and find it quite hypocritical that we are so focussed on maintaining «life» simply for the sake of it, without considering the experienced value of those late life years.
There is no limited progress of medicine:
- in case of cardiac infarciation the standard procedure is to reopen the stenosis, so there is no (or less) loss in myocard
- in case of cerebral infarciation there a lytical and thrombectomical procedures, but limited to age
- over 90% of apoplexia are cardiogen and that should be addressed by anticoagulants ... but that is another place to talk about ...
 
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