09-02-2017, 09:27 PM
Actually, for the average man on the street, if we had invested enough (time, love and attention) with our loved ones (be it children, friends or relatives) when we were younger and capable, i think that is good enough "insurance" to hedge against this SOR risk. We may outlive money, something very tangible but we will not outlive the intangible.
At of the day, as Charlie Munger like to say, we will get what we deserve.
At of the day, as Charlie Munger like to say, we will get what we deserve.
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.