‘Showy jewelry and fancy cars hold no appeal’: We have a 99% chance of outliving our life savings. Why not spend it all?
Summary
An elderly couple facing a high probability of outliving their financial resources explains why they choose not to deplete their remaining funds. Despite being advanced in years, they have no children or surviving close relatives to inherit their wealth.
“I’m 68, she’s 74, and we’re both in good health. We married later in life and have no children.”
Source: Read the full story at MarketWatch.com - Top Stories
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