Are you afraid of outliving your money and assets?

Jump to Last Post 1-7 of 7 discussions (9 posts)
  1. cat on a soapbox profile image97
    cat on a soapboxposted 5 years ago

    Are you afraid of outliving your money and assets?

  2. duffsmom profile image61
    duffsmomposted 5 years ago

    Oh yes, I am pretty sure I will as the years are passing much faster than the assets are growing.

    1. cat on a soapbox profile image97
      cat on a soapboxposted 5 years agoin reply to this

      I know !Costs are increasing too.  I try not to be fearful, but I am really reigning in  spending and being careful. smile

  3. Mr. Happy profile image82
    Mr. Happyposted 5 years ago

    I prohibit myself from indulging in Fear. It is a trait from my Dacian Ancestors. I have the Will to survive. : )

    1. cat on a soapbox profile image97
      cat on a soapboxposted 5 years agoin reply to this

      I've honed my survival skills too- just in case smile

  4. brianc2k profile image60
    brianc2kposted 5 years ago

    That has already happened.  Any financial cushion that was there has been exhausted.  My wife had heart attack three years ago.  We are both out of work and the only insurance in place was Cobra.  In our situation Cobra didn't cover that much so most of our "savings for future" are gone.

    With today's economy and employment situation I'm sure it is going to get a lot worse before it gets better.  More and more people are loosing assets each day.  Those approaching senior years that have no fear are fools.  Costs keep rising and as duffsmom says assets/savings cannot grow at the same pace. 

    Sooner or later you get hit with the fact that a dollar saved is not worth that same dollar in real life when you retire.  Outliving your money and assets is a real situation that few people think about or plan for.  And I'm not sure with the way things are going one can plan well enough to be completely safe.

  5. lburmaster profile image83
    lburmasterposted 5 years ago

    No. That is the point of saving money. To leave your family and friends with all that you've saved. Yes, you use most of your savings in retirement, but there should be a decent amount left for them. After all, they put up with you through everything.

  6. LandmarkWealth profile image78
    LandmarkWealthposted 5 years ago

    Due to much longer life expectancies, those of us in the retirement planning field have had to address this much more than in the past.  In many cases there are individuals living longer in retirement than they actually worked.  Each case must be addressed individually.  However a good rule of thumb is to limit withdrawals from retirement assets in retirement to no more than 4% per year if your retire in your early 60's.  A withdrawal rate in excess of that runs a greater probability of asset depletion.  Much of this depends on the sequence of your investment returns rather than your average return.  But it is advisable to stress test your retirement projections annually regardless of whether or not you're saving for retirement or already retired.  Retirement planning involves numerous moving variables.  Have your planner run a detailed monte carlo simulation using worst case scenario, and redo it once a year,

  7. connorj profile image79
    connorjposted 5 years ago

    https://usercontent2.hubstatic.com/7106805_f260.jpg

    No I am not. However, I do indeed plan to address this potential issue (somewhat). I walk more than I drive in my car, I still play ice hockey (old timers) and work out at our (college) gym three times a-week. I am certainly looking forward to my retirement years (80s to 120s); however, (once again) I currently enjoy my occupation significantly and I am in no hurry to retire. I just turned 26 for the second time and I hope to continue (with God's Grace) for another 28 years before I retire. Although (keep in mind) a wise man called Neils Bohr once said, "the only constant in life is change" Therefore, no I am not afraid of outliving my money I believe God will provide...

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)