No. of Recommendations: 0
"I don't really trust 95% chance of success, because that's still one out of 20 chance of failure"

That is the psychological component that causes most seniors, including jgcspouse and me, to work longer and harder than may be necessary and to save more than may be necessary.

I am trying to avoid the plight of my best friend's father in law who is in his mid 90's, has millions (not just 2 or 3 million either) in investments and refuses to pay for nursing help, yard help, etc., even though he can't take care of himself any more.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.