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Donors raise $233,000 to give US cart pusher, 90, chance at retirement
(www.theguardian.com)
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this post was submitted on 03 Jun 2024
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Orphan Crushing Machine
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I mean, he’s 90. So he can safely take $15k/year in addition to his social security (if he lives past 105, he’ll at least be eligible for a care home). That gets him to the $2,500/month point he needs, but he’s completely vulnerable to inflation.
I didn’t want to get into a debate of how long he might live vs how conservative he would need to be with the money. Seems a bit grim of a discussion. I guess he could go out with a bang by spending it all on hookers and blow, but it’s really difficult to gauge how much he could get away with spending to maximize comfort in his remaining years and not leave too much money on the table.
That's a conversation we all need to have at some point in our lives. That's literally the heart of retirement planning. Nobody except for the very rich retires without doing that math and making some assumptions.
I’m fine discussing my own mortality. Guessing at someone else’s, even hypothetically, seems like bad form. JMO.
Fair enough.