Hey old farts..how many over 50 yrs?

It's scary how many folks don't have any savings. I'm not in those dire straits but I was just thinking about my situation this morning. You can't help but do the math of the what if's. My wife has a great retirement, but she also has a genetic disease that is getting progressively worse, and may require a nursing home one of these days. So the if and when of her getting worse will be the biggest influence of our economic health.

Unless we find a marker for prickly pear. Then we will be rich.
My wife and I had a good amount saved up and a illness wiped it out. Our retirement is basically set back to what we had in our early 30's.
 

Moldy

Well-Known Member
This is the desired result from the point of view of those who set up the system.

Bankrupting people through no fault of their own is a feature, not a bug.
Now they have reverse mortgages so they can get your house too so you can't pass anything or any slight wealth you may have accumulated or saved to your kids and grandkids. The money changers get your house now. Kids zero. I'm still waiting for my bank draining illness. USA, USA, USA.
 

ttystikk

Well-Known Member
Now they have reverse mortgages so they can get your house too so you can't pass anything or any slight wealth you may have accumulated or saved to your kids and grandkids. The money changers get your house now. Kids zero. I'm still waiting for my bank draining illness. USA, USA, USA.
Oh, they've been doing that for a long time; you have to be destitute to qualify for Medicaid, so your illness would have already given them the excuse to steal your home, your assets, etc, etc.
 

Gorillabilly

Well-Known Member
Man, this thread got me thinking about what it REALLY takes to retire. Medical, dental, bills, food, and cost of living increases that come faster than one can account for. It sux.

I'm retired military which isn't much money wise but having access to free Healthcare really helps. It makes me wonder what those less fortunate do.... I know, without.. this country is going to hell.
 

MoroccanRoll

Well-Known Member
Man, this thread got me thinking about what it REALLY takes to retire. Medical, dental, bills, food, and cost of living increases that come faster than one can account for. It sux.

I'm retired military which isn't much money wise but having access to free Healthcare really helps. It makes me wonder what those less fortunate do.... I know, without.. this country is going to hell.
Look into international retirement. There's plenty of countries where you can live the life you want on modest savings or a modest pension. Costa Rica will issue a Pensionado Visa if you have a reasonable pension or savings. Quality socialized medicine. If you have a little expendable income, you can even afford a housekeer. Central and South America? Check. South Asia? Check. You like it a little cooler? Parts of Eastern Europe? Check. Parts of Africa? Check. If you've never had the opportunity to live amongst an expat community, you may be pleasantly surprised. You don't have to settle for a country that doesn't love you back.
 

Gorillabilly

Well-Known Member
Look into international retirement. There's plenty of countries where you can live the life you want on modest savings or a modest pension. Costa Rica will issue a Pensionado Visa if you have a reasonable pension or savings. Quality socialized medicine. If you have a little expendable income, you can even afford a housekeer. Central and South America? Check. South Asia? Check. You like it a little cooler? Parts of Eastern Europe? Check. Parts of Africa? Check. If you've never had the opportunity to live amongst an expat community, you may be pleasantly surprised. You don't have to settle for a country that doesn't love you back.
Thanks. I do like Thailand, Vietnam was nice. Im pretty well traveled, 50+ countries. I like it here at home tho. Might be fun to head over there for a year or two tho.
 

Lucky Luke

Well-Known Member
Closer to 60 than I am to 50. For me, it just keeps getting better.

2020 will be in the rearview mirror soon enough.
2020's been a great year so far to be honest for me and my family. Did miss out on a family cruise for my 50th due to Covid but apart from that its been pretty awesome.
But I dont live in America or England or any of those countries who handled Covid badly from the start.
 

sarahJane211

Well-Known Member
Look into international retirement. There's plenty of countries where you can live the life you want on modest savings or a modest pension. Costa Rica will issue a Pensionado Visa if you have a reasonable pension or savings. Quality socialized medicine. If you have a little expendable income, you can even afford a housekeer. Central and South America? Check. South Asia? Check. You like it a little cooler? Parts of Eastern Europe? Check. Parts of Africa? Check. If you've never had the opportunity to live amongst an expat community, you may be pleasantly surprised. You don't have to settle for a country that doesn't love you back.
If you're over 55 Cambodia will issue a 1 year retirement VISA for $300, and living is cheap ........ but the quality of weed ($10/bag) is fairly low.
Philippines is similar, about $20/month for the VISA and you can stay for 3 years, then you have to exit for 1 night.

COVID restrictions allowing, no entry to either country at the moment.
 

sarahJane211

Well-Known Member
Thanks. I do like Thailand, Vietnam was nice. Im pretty well traveled, 50+ countries. I like it here at home tho. Might be fun to head over there for a year or two tho.
Thailand ain't so great at the moment, the government is anti-white folk, they want you to keep $25,000 in a Thai bank if you want to stay long term.
Trapped here at the moment, would prefer to be in Cambodia.

I've been circling around Thailand/Philippines/Cambodia/Vietnam/China for the past 10 years.
Mainly Thailand, but this countries becoming problematic.
Vietnam and Philippines have special deals for US citizens.
 

sarahJane211

Well-Known Member
I'm retired military which isn't much money wise but having access to free Healthcare really helps. It makes me wonder what those less fortunate do.... I know, without.. this country is going to hell.
Special 'easy' VISA for US vets in Philippines, and a Veterans hospital as well.
Plenty of young local women looking to share your pension as well.
 

MoroccanRoll

Well-Known Member
US based here

I'm partial to Costa Rica. No standing army, super eco-friendly, no-one cares about a little weed, cheap quality socialized medicine, local flavors push the "comfort food" buttons for me. Has both mountains and ocean <--- that's a big one for me. Getting a little expensive tho.

My wife would be cool with anywhere in South Asia. She's southern Chinese. Grew up in a small town closer to the border with Vietnam than to the next big city. I'd swear she looks more Viet than Chinese but that's just me.

Not sure what I'll do if it all falls apart in November/January. Despite the "Law and Order" rhetoric, our current Supreme Leader doesn't appear to have much respect for the rule of law. Our elected representatives on both sides of the aisle don't have the backbone to do the right thing. The majority of them are a bunch of self-serving syncophants. The citizenry is too busy fighting amongst themselves to do anything about it. Unfortunate.

Walk across the porous northern border maybe? ;-)
 

ttystikk

Well-Known Member
Thailand ain't so great at the moment, the government is anti-white folk, they want you to keep $25,000 in a Thai bank if you want to stay long term.
Trapped here at the moment, would prefer to be in Cambodia.

I've been circling around Thailand/Philippines/Cambodia/Vietnam/China for the past 10 years.
Mainly Thailand, but this countries becoming problematic.
Vietnam and Philippines have special deals for US citizens.
This sounds like the life for me! I was in Saigon in 1971, as a five year old they didn't ask me to carry an M-16 lol I absolutely loved it and it's on my bucket list to go back.
 

BarnBuster

Virtually Unknown Member
Allows you to check if any relative died and left a extant/un-redeemed life insurance policy:

Directs you to your state's websites on various insurance/Medicare sites and links:

Find matured, uncashed US Treasury savings bonds (this is a .gov site):

Searching for unclaimed funds:

About 6 years ago, I used the unclaimed funds site for Nevada and found $1300 my father (who I hadn't seen since 1963) left in a checking account. Claimed it as his heir. This site searches most of the states. Others you have to access the state site. I've got another claim working, a friend of my mom died in 2002 and left her the estate. Mom dies and her estate passes to me so... good chance I'll get this too. About $600. Some of the amounts aren't worth the hassle (copies of death certificate/will etc) that you have to send in.
[Edit: 10/2/2020 Got the $585. Took about 8 months.]

 
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