What good is money when you're older ?

mi min owe me minoy. He not good

I honestly don't know what we're going to do with you, moonbeam.

Don't need that much when older - pleases me to be able to assist the next gen ration.

Most people have kids and want to leave an inheritance.  I told my dad to just blow the money, go business class on holiday, fillet steak, 5 star hotels etc.  of course he won't so I will have a nice inheritance .... Split five ways, taxed, inflated away etc.

need lots of money when older to go on holidays and stay active with hobbies etc,if not you will probably die of boredom and be frustrated etc imo

You have to pay more for yer t4rts!

Because your pension is only a fraction of what you used to earn but the bills are still the same

More drugs

my min, very bad min

This is a very interesting mathematical that I am pondering at the moment. One needs to maximise the utility gained from ones money, but with the uncertanities of how much you will make and how long you will live. I don't have a solution yes, but you need to factor in happiness gained from giving kids inheritence. Ignoring that, you should aim to die with nothing.

If you get to 75 and you need money, rob a bank, if you get caught and go to prison, who cares ?

mi min rob spirm bank, he dift.

YAWN !!!

Taking bets on whether The Leopard will wake up in the mornin..
he looks a little, well, too old to me!

how much you got in your savings account roughly now

I hive mid hit and one Goat.

Ivor....how old are you then...?

Interesting,my old mans in his eighties, house paid for, reasonable savings.Lives on his pension but continually complains that he cant afford things yet puts £50 a week into a savings a/c,it drives me crazy, i can only assume that some people get pleasure from looking at numbers in a bank book.

it sounds to me  that he feels safer living like this Barrowboy
which is understandable , if he has a wife etc to think of ..
and as he's always saved & been careful he subconciously thinks this is his only way ..
though in reality he could sell his house & rent a place whilst enjoying the rest of his life more comfortably with the odd holiday etc ?

I s'pose at 80 you just want to feel security , but is still a slightly false one i feel

he lives alone MC, funny thing is when my mum died for about 2 weeks he said he was going to live for the day give money to grandkids etc, but he never did & has just reverted to type.

I just feel that if he spent all his money say in his 60's he could claim housing benefits anyway .. though a lot nicer retiring in his own house , for sure .

as Pumkinslayer says above there are a lot of mathematic variables , and everybody's circumstances will be slightly different too

sorry diddn't see your 14.08 post
that's a shame for him then , but as you say living for the day is what he should be doing
I think many old people get very self occupied and live like this out of fear (no offence) more than anything , as you say he moans about stuff that he could probably buy 100 of !

I'm just middle-aged Leopard .. 58

"What good is money when you're older ?"

It enables one to suffer in comfort!
Take it from one who knows!

Pay off mortgage
Cash savings
No pension-just state pension
Pet-dog or cat
Enough money for-central heating full on winter-restaurants-cafes-internet-pub
Fun bets-50p  lucky31s

Personally, I'm considering keeping myself reasonably fit and healthy until I hit about 65, and then throwing caution to the wind and hurling myself into a big orgy of booze, drugs, (and realistically, by then) wh0res and Viagra. 5 years of that sounds better than 20 years of slowly advancing decrepitude, plus that way I don't have to worry about a pension.

I guess I may have changed my mind by then, though.