Eighty is the new sixty, seventy or no it’s not. Of course, eighty is what it has always been – plain old eighty! Trust me I know. As one ages you cannot but help to mark milestones. It usually starts in earnest just before one gets to the local driving age, then when to be able to drink alcohol, turning 21 is a key marker, then 55 AARP, and then 62- the earliest one can take social security. Once you reach 65 the Baylor College of Medicine says you have a 24.2% chance of reaching 95 and 9.6% chance of reaching 100. Lots of numbers but here is my point. Just like my brothers Honda/Lexus which still runs with +280,000 miles; aging and wear and tear allow some things to work better than others. That is true with people as well!
For those of us who are in our mid to high seventies and early eighties the dawn comes one day. You realize the final curtain is about to descend sooner or later. Being realistic and not fatalistic everyone’s day is of course the same as life has been. At 21 you wonder if you will get to your life expectancy but now your guess is how much further you will get? Me – I would be thrilled to become a centenarian as long as I’m still cogent. At present we have two super seniors vying for U.S. President who show their age in different ways. One is halting of step and movement, and one seems to have lost his ability to keep on task. Cognition should of course be the criterion for the office and not physicality in my opinion!
Making money last until the end is the key especially for those who have been less financially fortunate during their lifetimes. Joining the Mathmatecum so late in life will not be of any great value. However, having a Mathmatecum Directive is a right time right move. Depending upon the number of decedents the economic impact can be awesome. Taking a fixed sum and having it return income to the Director during the rest of his/her life and then to successor generations is just fabulous. A Dynasty Trust like effect without the legal complexities.
At present the entire amount of Members Monies are earning at a rate of at least 5.28% and will do so through at least September of this year. All funds of course are guaranteed by the US Government.
JAI BABA
TTFN
JU
