Sunday, February 10, 2008

Life Expectancy - Is the Census Data Good or Bad

I had just gotten home from work and was going to take my wife out for a nice lunch, when I made the mistake of looking at the mail that had just arrived. I opened each piece and really just glanced at them before setting them aside. Then I looked at the last piece of mail, there it was, mail from AARP, the American Association of Retired Persons, inviting me to be a member. Wait a minute! What was going on here. I had just turned 50 three days ago and was feeling fine. I was still playing a good game of tennis and still could yell my lungs out as I coached my kids Little Leage games. This had to be a mistake. I checked the name and address on the envelope and sure enough it was addressed to me.

What was this about a retired person and what in the world did it have to do with me?
I will admit the letter did get me thinking about retirement. I reviewed our Retirement Plan in my mind. We had started it when I was 30 and it was doing fine. I had made all of the contributions that were required and so had the companies I had worked for. The life expectancy when I started this was 73. Still a long way away. I was thinking about early retirement but I know I could wait until 65. Let's face it that would give me 8 good years of retirement.

My trepidation when I received the letter from AARP became great fodder for jokes at parties thereafter. When I told this story a number of friends agreed that they had received the cursed AARP membership letter and were a little concerned at the time, but had gotten over it.

I soon forgot about the letter and went on with my business, my retirement concerns only centered on, did I put money into the Retirement plan as called for or not. As time went by I did note a subtle difference in my tastes about some things. In the morning when I read the comics, I no longer got a great kick out of the antics of the kids in Family Circus. Instead I found myself shaking my head and laughing at the old couple in Pickles! Um, I wonder what that means.

Then the next disastrous thing happened.
I was researching data for my website, senior-citizens-retirement-planning-opportunity.com, which dealt with retirement planning, early retirement, retirement facilities and there costs, ageing at home and other topics similar to these when I came upon the United States Census Bureau Data with all of its myriad amounts of demographics.

One bit of data jumped out at me, the survival projection for men my age. Wow! I was projected to live until 85. What in the world happened to the 73 I was told years before? I had based all of my retirement planning and income projections using that age. What a bummer! What a mixed bag! I was going to live longer but wouldn't have enough money to eat. I know I could stand to go on a diet, but not for that long. That's ridiculous!

Well thanks to the Pharmaceutical Industry and the Medical Community, I was going to end my life in poverty. I used to think all of those breakthroughs I would see on TV were tremendous. Now when I watched I really only paid attention to the prostate and depends commercials. Boy, life had paid me a cruel joke.

After a while, I cleared my head and started thinking of ways to solve my problem--living too long!
There was no way I was going to jump off a bridge, I couldn't swim that well, so some rational thought was needed. Let's see I had a website filled with good information, maybe I should follow my own advice. I thought about a lot of things, actually dabbled with a few and then settled on becoming a Infopreneur.

Since I had many life experiences and had worked in a number of key industries, I felt this was a good choice. I actually had knowledge and something to say about a lot of subjects. I enjoyed people. I liked expressing myself. And I liked the prospects of making money doing it.

Guess what? It worked.

I now have the opportunity to do something I enjoy in the time span I want to do it. The result is that I can live to be 85 and still continue eating.

Jack Stewart is married with 6 children and 13 grandkids. He has worked in sales and management in a number of industries such as steel and banking equipment. He has been an entrepreneur for a number of years centering on the construction industry and retirement industry, owning and managing a number of Facilities.

He has held many industry seminars and is just now concentrating on expressing his experiences in writing about them. His website, Retirement Facts and Opportunities covers a wide spectrum of subjects important to the retiree such as; ageing in your own home, reverse mortgages, Retirement Facility locations and what they offer with prices, many websites to contact for assistance in your retirement. He is currently about 25% completed with a fictional novel about the War of 1812.

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