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I want to retire but I can’t do the math. I have no idea how long I expect to live, so how could I possibly know whether or not I have enough money to last me until I die?
Back in the day, retirement was simple — 65, gold watch, have a nice life with a pension. You know, a monthly income that lasted until death – sorta like old school marriage.
If you got sick or senile (old school for Alzheimer’s) you lived with one of your children in their assisted living facility. (Although the thought of living with my children is not one that I cherish)