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yes the nursing home question is a big question for which I don't have any answers. i live with a wonderful women who loves to take care of handicapped people. She thinks that I will never need a nursing home. but I don't know.

As for mortality tables. What I need is the mortality table that tells me when Joe Varga's gonna die.

"If you are a white male aged 60, you can expect with 50% probability to live to 79.0 years. You will reach 85 with 22% probability."

yeah but if I live one more year to 61, 79 becomes 79+, and in another year 79 become 79++ . So when am i going to die? Mortality tables don't help. That's precisely why I prefer Sheard's approach of just assuming the money will go on forever. I'll have a few thankful heirs that way too.

Joe Varga
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