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Old 02-24-2015, 12:42 AM   #91
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The insurance companies have no problem making comparisons. That's how they make their money. Assess risk and costs and then charge enough to cover that and return a profit.
Most unnerving part of retirement was having to determine how my pension is paid out. Having to guess how long I'm going to live. Should I take more guaranteed for only 10 years or less guaranteed for life? Actually had eight options and had to place my bet.
So far, I made the right choice.
That had to be a tough call to make. I don't envy you on that one. When we get close to or into retirement, there are a lot of different choices to be made. For example, choosing a trailer with good resale value. We might use it for a lot of years or just a few. Overall, just be an optimist. Loren
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Old 02-24-2015, 12:48 AM   #92
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Most unnerving part of retirement was having to determine how my pension is paid out. Having to guess how long I'm going to live.
Trying to guess better than the companies which do it for a living? Yeah, that's tough.

May you outlive the statistics, but not the funding.
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Old 02-24-2015, 12:53 AM   #93
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That had to be a tough call to make.
I went with the option that most choose. A lower amount, but at 100 per cent for my lifetime and my spouse gets 60 per cent after my death for her lifetime.
A buddy who had had cancer and heart disease chose to take the highest amount for the shortest time. He also opted to retire much earlier than I and we still enjoy a few beers together in the backyard.

He also relied on his credit card travel medical, but lucky for him, never had to make a claim. Upon turning 65, I believe, that minimal coverage expired.
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Old 02-24-2015, 08:56 AM   #94
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I will definitely outlive my pension....I don't have one.

For now, I don't consider getting medical insurance when travelling, though something to consider when I get old I guess.

Maybe I will just park my trailer in the backwoods, and live like a hermit.
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Old 02-24-2015, 10:00 AM   #95
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My company travel insurance currently covers my immediate family and I while out of the country. When my kids have travelled on their own, we have had them purchase short term insurance. When I retire and am no longer under the company umbrella, my first line of defense is going to be to continue to eat properly, exercise, and try to stay healthy. When we do travel, I guess we may be forced to buy our own protection or take the chances of getting soaked.
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Old 02-24-2015, 04:41 PM   #96
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I will definitely outlive my pension....I don't have one.
There's still the problem of outliving one's retirement savings (or leaving a pile of cash for beneficiaries instead of enjoying it yourself) - same thing as with a pension plan, just less structured.
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Old 02-24-2015, 05:07 PM   #97
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*looks around for that BIG pile of cash laying about*



I know, I have been planning on being active until 90, then maybe kick my feet up 'til the end in some kind of retirement home, and pass off any savings left (if any) to the kids.

Still, need to make that pile big enough so I can find the darn thing.
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Old 02-24-2015, 05:23 PM   #98
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*looks around for that BIG pile of cash laying about*



I know, I have been planning on being active until 90, then maybe kick my feet up 'til the end in some kind of retirement home, and pass off any savings left (if any) to the kids.

Still, need to make that pile big enough so I can find the darn thing.

Hey Jim as a side note, I have discovered its cheaper to live in an all inclusive Mexican resort then a Canadian retirement home.

Cheers
Doug
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Old 02-24-2015, 05:38 PM   #99
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Hey Jim as a side note, I have discovered its cheaper to live in an all inclusive Mexican resort then a Canadian retirement home.

Cheers
Doug
No doubt. Not sure about the health care though. That, and my Spanish is pretty much limited to two phrases "Dos cervezas por favor" and "Donde esta el bano?".
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Old 02-24-2015, 05:40 PM   #100
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No doubt. Not sure about the health care though. That, and my Spanish is pretty much limited to two phrases "Dos cervezas por favor" and "Donde esta el bano?".
No hay problema Jim. Usted aprenderá español. El problema va a ser tu piel de fusión.
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