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Andrew Tobias

Money and Other Subjects

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Will You Still Need Me, Will You Still Feed Me, When I’m 94?

January 14, 2003February 22, 2017

WE LOVE TO FLY, AND IT SHOWS – II

Dan Nachbar: ‘Actually, what you REALLY want is one of these.’

☞ No, I’ll stick with this.

REVERSE MORTGAGES

If you’re getting on in years and own your own home, play with the calculator at rmaarp.com to get a feel for the extra monthly income you could claim. The AARP web site appropriately notes a lot of caveats. This is not a step to be taken lightly, but it could be interesting to contemplate.

And in much the same vein . . .

ANNUITIES

Maybe you don’t want to encumber your house, but you have some money. Check out these websites to learn more: annuity.com, annuityzone.com, annuityshopper.com, bhln.com, tiaacref.org. (But remember, any promise of a monthly payment for life that doesn’t rise with inflation is a risky best we won’t have much inflation.)

May you live long and prosper. Did you see the 60 Minutes segment this past Sunday with the 90-year-old woman who is working – delightedly – as a machinist? And the 102-year-old scientist guy? Very cool.

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"Money is a singular thing. It ranks with love as man’s greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce."

John Kenneth Galbraith, The Age of Uncertainty

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