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Salary sacrifice, money is taken out before tax so relief is immediate and full. There's no amount to claim back after. Dumb example but say threshold for higher rate is 50k, you get gross 60k, and want to put 5k into pension (cos maths easier)
If taken after tax your 10k was down to 6k, you put 4k in pensco adds 1k and you claim 1k extra in relief that taxman gives back to you (not into the pot) You have 2k plus the 1k the taxman gave you =3k of your own money and 5k in the pension to show for your 10k of earnings
Salary sacrifice....put 5k in (because thats what you want to contribute in total) and pay 40% tax on the 5k left and you end up with 3k of your own, as above.
Be lovely if taxman gave you even more.. .so if I'm wrong say so as I'm due a big windfall!!!
Looking at some numbers for me.
Without being too specific but I find myself in a very fortunate situation where saving into various ppps over 40 years have accrued to approx £300k.
There is rental income from a b2l as well.
Now , because I'm not good at maths , but I'm good at living frugally., if I take £10k pa from my ppp and leave me remains invested across 6 vanguard ETFs how long would it last assuming a 3% flat rate of return.
This amount , plus say £10k rental income , plus if I can find a suitable part time job at say £10k for simplicity would give me a £30k income. Which is pretty much more than I've ever earned.
And last till state pension kicks in , and then some time longer. I'm 56 now and a very happy victim of compounding. Having started at £50 pcm at 17
As you've stated it, to all intents and purposes for ever. Calc below not exact but you'll get the gist, aiming to help understanding as opposed to just give an answer.
300k at 3% pa gives you 9k in interest/growth. You take out 10k. End of year one you have 299k, your total amount has dropped by 1k
Y2 the same, except your interest is 'only' 299 x 0.03 = £8970, £30 less than Y1. So now your overall amount has dropped by £1030, and you now have 297970, not quite 298k but close enough to make no real odds.
Y3 you're down another £30 in interest (near enough) so 60 in total. It's actually slightly more because you also lost interest in the £30 you were down by but compared to the sums, not really relevant.
In essence each year that passes you have eaten into your capital by about £1000*, it'll last longer than you.
Another way - if you took out £10k a year and got no interest, it'd last 30 years.
* not true actually because you get the miracle of compound interest in reverse. So to be truthful I put your numbers into a spreadsheet and the true answer is 78 years. Or until you're 134 if you did it today.
ALSO - your model is flawed because £10k a year seems good now but in the future won't buy you as much - if inflation continues as it is, £10k in 20 years time might enable you to supersize your frappucino if you're lucky. But maybe your model is cunningly double flawed - because 3% pa is pitiful so maybe you've used that as a sort of offset - ie grows by 3% more than inflation rather than calc its effect on both sides.
Either way, TLDR..... "how long would it last" - longer than you, in all probability.
L* Autre J has nailed it. TLDR; the generally accepted figure is that you can take 4% initially from a pot, increasing by inflation each year and it'll last you out.
For those who want to explore withdrawal strategies which allow for inflation and also the problems of sequencing risk (where a fall in markets happens early on and you either have to rejig your income or your assets run out quicker than planned) I would recommend “Beyond the 4% Rule” by Abraham Okusanya.
In my head I'm relying on the other sauces of income. Wages / rent/ state pension going up inline with inflation , and my necessary income decreasing over time .
Plus I have no dependants or anyone else to leave money to.
So at say 68 I aim to sell the rental property and invest the remaining money in coke , Viagra and hookers .
Then at 78 sell my flat and aim to spend that amount over 10 years and die penniless at 88 .
@singletrackmind Which have a rough drawdown calculator that might give you some indication
I camp tho rather than stay in hotels, I ride a bicycle rather than drive a car. I cut my cloth according to my means
Precisely this...and quite likely the reason so many people of all ages and incomes struggle in the Uk
There is definitely a case for expectation management, your own and your family if applicable..
This thread genuinely changed my life.
Back in October 2021, I found myself trapped in reverse quarantine—everyone in the house had COVID, and I was about to go in for knee surgery. So, I lived in the loft for a week or so while they all isolated. It was a pretty boring time, and I ended up spending a lot of it on here, including reading through the early pages of this thread.
It prompted me to sort out our pensions—mine and my wife's. Right then and there. With a combination of good luck and a few sacrifices, we've been able to substantially grow our pension pots. We've always been good savers when the kids finished nursery which peaked at over 2k and month, we didn't suddenly start going on big hols, buying flash cars or bikes. I drive an 8-year-old i10, I get nothing from cars, so it's not a big deal to me.
As things stand now, it looks like i'll be able to retire at 54—just three years from now—after my wife hits 55 in August 2027. That’s two years earlier than I ever thought possible a few years ago, and a full seven years earlier than I was planning back in 2021.
What’s interesting is how many of my colleagues can’t understand why I’d want to retire so young. I love my job—I really do. I’ve got loads of energy for it, it’s demanding but rewarding, and my team and I work on some of the most important projects for one of the biggest companies in Europe.
But I also know that if I keep working, I’ll just be building up wealth I don’t need and increasing my kids’ inheritance. You can’t buy back healthy years to do the things you wish you’d done. And I’ve got so much I still want to do—things that work just gets in the way of.
I consider myself lucky that my self-worth isn’t tied up in my job, which I think will make walking away a lot easier than it has been for some of my friends. I’ve seen people struggle with retirement or late redundancy, or carry on as consultants just to feel relevant, despite not needing the money.
This year, at 51, I learned to ski—so I can finally do it with my wife, who loves it. She’s just gotten into gravel biking, so we can share that too. I’ve got a YouTube channel I never have time to edit footage for. No one watches it—I’ve never told anyone it exists.
I’ve got synths I had to put away because I’ve never had the time to learn them properly. I’m itching to get back into birdwatching—I've got all the gear, just not the time. I’ve got some beautiful bikes I hardly get to ride—especially my Ti Broken Road Pinion, which I bought for adventures, but this year I’ve only managed one evening out on it.
And it’s not because I’m a workaholic—far from it. I’ve got a great work-life balance. I ride 4–5 times a week, go to the gym 4–5 times a week, and spend a lot of time with family and friends. But I just want those extra 40 hours a week—to do everything else. To finally tackle the house and garden jobs that never seem to get done.
Anyway, thanks to Singletrack i should be free by 2028.
This thread genuinely changed my life.
Back in October 2021, I found myself trapped in reverse quarantine—everyone in the house had COVID, and I was about to go in for knee surgery. So, I lived in the loft for a week or so while they all isolated. It was a pretty boring time, and I ended up spending a lot of it on here, including reading through the early pages of this thread.
It prompted me to sort out our pensions—mine and my wife's. Right then and there. With a combination of good luck and a few sacrifices, we've been able to substantially grow our pension pots. We've always been good savers when the kids finished nursery which peaked at over 2k and month, we didn't suddenly start going on big hols, buying flash cars or bikes. I drive an 8-year-old i10, I get nothing from cars, so it's not a big deal to me.
As things stand now, it looks like i'll be able to retire at 54—just three years from now—after my wife hits 55 in August 2027. That’s two years earlier than I ever thought possible a few years ago, and a full seven years earlier than I was planning back in 2021.
What’s interesting is how many of my colleagues can’t understand why I’d want to retire so young. I love my job—I really do. I’ve got loads of energy for it, it’s demanding but rewarding, and my team and I work on some of the most important projects for one of the biggest companies in Europe.
But I also know that if I keep working, I’ll just be building up wealth I don’t need and increasing my kids’ inheritance. You can’t buy back healthy years to do the things you wish you’d done. And I’ve got so much I still want to do—things that work just gets in the way of.
I consider myself lucky that my self-worth isn’t tied up in my job, which I think will make walking away a lot easier than it has been for some of my friends. I’ve seen people struggle with retirement or late redundancy, or carry on as consultants just to feel relevant, despite not needing the money.
This year, at 51, I learned to ski—so I can finally do it with my wife, who loves it. She’s just gotten into gravel biking, so we can share that too. I’ve got a YouTube channel I never have time to edit footage for. No one watches it—I’ve never told anyone it exists.
I’ve got synths I had to put away because I’ve never had the time to learn them properly. I’m itching to get back into birdwatching—I've got all the gear, just not the time. I’ve got some beautiful bikes I hardly get to ride—especially my Ti Broken Road Pinion, which I bought for adventures, but this year I’ve only managed one evening out on it.
And it’s not because I’m a workaholic—far from it. I’ve got a great work-life balance. I ride 4–5 times a week, go to the gym 4–5 times a week, and spend a lot of time with family and friends. But I just want those extra 40 hours a week—to do everything else. To finally tackle the house and garden jobs that never seem to get done.
Anyway, thanks to Singletrack i should be free by 2028.
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There is definitely a case for expectation management, your own and your family if applicable
Interesting reading this thread . I'm currently moving my UK pensions to New Zealand where we now live . Pretty lucky in the scheme of things , had one job for 26 years from 16 years old putting in to a DB scheme untill it was closed then 8 ISH years of a DC has left me with a reasonable size pot at 45 that I will be able to access at 57 .
There's no tax on that pot in NZ so in there's a great deal of flexibility in how I end up using it which is handy .
My question for people who are closer to retirement and looking to go a bit early is if you've got kids have you thought about being able to help them out with house deposits, tuition fees etc etc .
Not suggesting that there is a wrong way or a right way or that someone doesn't love their kids , just wondering what people's thoughts are on it .
I quite fancy retiring as soon as I can but I also want to give my kids a chance at a decent start to adult life and I'm thinking that will involve me putting a few more years in .
if you've got kids have you thought about being able to help them out with house deposits, tuition fees etc etc .
Tuition fees? In England these are much better dealt with by the student ‘loan’ than giving away £1,000s of today’s valuable money instead of tomorrow’s discounted money.
otherwise, we’ve thought about these things but the children need to stand on their own.
^ this. If you have student age kids, now or in your future I urge you to watch this video. It's almost an hour, I know, but really does a job on understanding when paying back is worthwhile and also when not.
It's also 5 years ago, so some of the %s and links to inflation are changed but premise is the same.
I've just been rewatching to make sure I understood the repayment bit now my daughter has finished; the bit about "Tuition fees? In England these are much better dealt with by the student ‘loan’ than giving away £1,000s of today’s valuable money instead of tomorrow’s discounted money" is all around 30-odd mins onwards.
But it is worth watching right through.
if I remember correctly there was an MSE podcast earlier this year where he went through the different versions/editions of the student loan scheme.
I quite fancy retiring as soon as I can but I also want to give my kids a chance at a decent start to adult life and I'm thinking that will involve me putting a few more years in .
I've got 3 sons & 2 step kids, 2 sons & 1 step kid are doing fine and despite us trying to treat them all equally, life doesn't quite work out like that, so I'm expecting to work till I'm 70 (albeit 4 day weeks since my late 50s) to help out the 2 who've been less fortunate so far & I'm entirely happy with that.
despite us trying to treat them all equally, life doesn't quite work out like that,
Absolutely. Equally is easy, but wrong IMHO. You need to treat them fairly, and if you have kids that for whatever reason have done well and don't need supporting and others that do then you should give help where needed. If the 'well off' kids don't realise that - well, it's a valuable life lesson.
otherwise, we’ve thought about these things but the children need to stand on their own.
An honourable principle but given how the property market is stacked against young people these days, it's a nobrainer financial decision to help your kids onto the property ladder at the earliest opportunity if you have the means. Why pay (tens of) thousands to landlords in rent just because you don't like the idea of giving your kids handouts?
it's a nobrainer financial decision to help your kids onto the property ladder at the earliest opportunity if you have the means. Why pay (tens of) thousands to landlords in rent just because you don't like the idea of giving your kids handouts?
I would agree, but more on the principle of having them bugger off out of my house ASAP rather than the rent issue. 😁 3 adults + a regular boyfriend visitor, (not mine) is too many if you don't own a mansion!
but the children need to stand on their own
Why?
Fair enough you may be the exception, but most people in their fifties and sixties had the gift of relatively low house prices, almost free education, a job without AI/ insane globalisation. Etc
Why wouldn't you want UI help offset some of that for people that you chose to bring into the world...
Why wouldn't you want UI help offset some of that for people that you chose to bring into the world...
It's a very odd outlook to see your kids as completely separate economic entities who need to support themselves. I prefer to think of it like a family cooperative. What I own my kids own, so why would I pass up the opportunity to minimise unnecessary financial costs to the family if I'm in a position to? Doesn't make a lot of sense..
*And yes I know it's not fair to families who don't have a lot of money but that's not something that can be solved with individual action.
Absolutely agree. When it comes to time, I'll give mine whatever I can to get him started out on the housing lark. Assuming that's the route he wants to take.
I'm already pulling a large chunk out of my pension shortly for him. (Us) Along with moving house to make his commute 5 mins instead of 2 hours
We are going to be able to retire soon due to Mrs Zips mum's auntie who somehow came into some money. Her money meant Mrs Zips mum got given a big house. That house will now help us and when we go, that house will help my neice and nephew.
That distant relative has made a lot of people's live more comfortable.
This thread has me thinking about my own future. Not sure where i stand with regards to retiring but it would be nice to slow down a bit in the not too distant future.
So at just turned 50 me and my wife have
About £100k in pension contributions which will increase gradually but we dont tend to concentrate too much on
No mortgage on a nice 4 bed house.
£30k in savings
Average income
Own our cars outright etc
About £2-250k in inheritence to come in next 5-10 years
We are starting a new business which my wife will be doing in conjunction with her current job which we are hoping in the next 12-18 months will replace her current income to the point she can quit and the new business would be something she can do well into retirement. She never has been high pay so we hope this will ensure her levels without stress.
My own situation is i want to maybe go part time when i hit 60 in some kind of delivery/grass cutting menial work that pays minimum rate and just keeps me mentally and physically active.
So what i worked on was getting to 60 and about 7 years of having to cover about 20k per annum until we get our government pensions. We are not big spenders and if i am bringing in £1000 per month and my wifes business is bringing in say £1-1500 per month that should give us a combined income of £4166 without children expenses and any debts. I figured i could save for the next decade without a mortgage at upto £1000 per month but it will probably be more realistic to say £500. Even then its another £60k in the kitty giving me nearly £350k in the bank which should more than cover £20k per annum at 60.
I know there will be things that crop up from time to time that will stretch budgets but my job includes some rather nice bonus payments on a quarterly basis which would cover anything house/child marriage/suprises over the decade im working.
Happy to hear of any flaws in my workings to slow down at 60
About £2-250k in inheritence to come in next 5-10 years
Expect to get none of that. With care costs running at £1-2k a week, depending on needs, that will be burnt through in no time
An honourable principle
Not sure it’s particularly honourable or really a principle. Closer to a pragmatic heuristic? I expect a greater sense of achievement and potentially greater happiness to come from ‘I did this’ than ‘my parents bought me this’
In the retirement thread discussions on ‘how big a pot’ and tax avoidance I must have previously ignored any strong emphasis on ensuring inherited wealth and descendent’s property ownership. Otherwise I’d not have offered such a disagreeable and unwelcome view.
In preparing for these giveaways are folks signposting them to children ‘I have £n,000 put aside for your first house’, suggesting that help may be forthcoming on request, or another approach?
MIL's care costs burnt through her 4 bed detached value in the 3 years she was in a home. She was worried the 3 daughters would get nothing, but that's the way it is. I'm not expecting anything from my folks unless they suddenly pass away - both 79 and 80 so things will start going wrong soon. Dad can't walk that far with dodgy knees (won't get them replaced). I'm expecting that to go into providing care. My kids will get some help, but I won't have enough to give them wads of cash unless we both die 'quickly' then they will have a house to split.
I'm not giving money to daughter unless her boyfriend bothers to go out and get work. Fortunately, 22 at present and living at home , but he's done nothing since leaving college. My 'pensions' won't be going to him. Son isn't sensible enough with money - he's 25 next (ADHD). Both adult kids get a lot of support currently with daughter at Uni, son working/not working/working, and we currently pay and insure a car for him as his keeps breaking.
In preparing for these giveaways are folks signposting them to children ‘I have £n,000 put aside for your first house’, suggesting that help may be forthcoming on request, or another approach?
We watched MissJ struggle with landlords and rentals for years, having no money or security, and made a calculation of how much we could spare, and told her that we'd put it towards buying her own place. At first she didn't want to accept it but we sold it as a "pre-inheritance" and she saw that made sense. Yes, we were lucky to be able to do that - lucky that during our working lives working hard and making sacrifices were rewarded.
In preparing for these giveaways are folks signposting them to children ‘I have £n,000 put aside for your first house’, suggesting that help may be forthcoming on request, or another approach?
I've pretty much told my kids that I'll offer whatever help I can when I can. Haven't quantified it because it's dependent on too many factors (future income, health, inheritance, random events etc) but they know they can focus on following their own interests in life, careers etc with a decent safety net behind them if required.
We have been close to getting my elderly mum into a care home a couple of times, but she has rallied a bit, though now has full time care at home, and meals delivered. She is on her own, 92, with some dementia and a 40 minute drive away from us. I have full POA.
Care homes in our area, South Lanarkshire, are generally around £1700 a week, so whilst she has decent amount of savings, 4 or 5 years in a home would see that wiped out. The doctors recommend keeping her at home, with current care package for as long as possible as they reckon an upheaval of environment would lead to rapid worsening of her dementia.
I’m not counting on any inheritance in my planning, although it would be a nice buffer. I reckon I can just about afford to not work anymore, having finished up last month, 6 months short of turning 60, however I will need something interesting and worthwhile for a day a week or so come the winter I reckon, with the added benefit of some extra cash.
My wife and I have always been open about finances/saving etc with our two daughters. They each received a couple of grand at 18 from their grandads estate. Their grandma wanted to put stipulations on it but we had a family chat including my two sisters and it was agreed that as it wasn't a life changing sum, they could do what they wanted with it. (6 grandkids) All spent it relatively wisely, into savings, towards a car to enable them to get to work etc.
When we retired we talked about whether we'd prefer £100k at 55 or older, or £10-20k at 25. We both reckoned that (for us) the £20k at a far earlier age would have been far more beneficial. We adopted this with the girls and gave them both what was pretty much their 10% deposit on a house each. This was money they couldn't 'squander'. They're now 28 and 31, married with young families. They and their husbands work, they don't have 'money to burn' but for us, giving them a leg up was a sensible thing to do and a far better use of say £50k than that £50k sat in an ISA or safe BS acct.
In my world, I don't see my lad being super rich, I know his goals and plans and know his salary realistically, so I know he can't do it alone. Whilst we've not discussed figures, I'll give him anything and everything I can, even if it means me going without
nearly £350k in the bank which should more than cover £20k per annum at 60.
Happy to hear of any flaws in my workings to slow down at 60
IIUC you're suggesting you can build a pension pot of £350k by 60 and then go part time drawing out 20k pa, to supplement your part time work, and then at 67 retire completely and the money you were earning PT is now covered by state pension.
You said show the flaws, so here goes. IANAPA, but have been through this recently.
Basic calculation, the 4% rule, says that for a pension to last for 30 years, you can draw out 4% pa increasing with inflation. That would give you 14k as the amount you can draw out in Y1, 14k + inflation year after, etc. To draw out 20k pa you need 500k.
A more sophisticated calc (I modded the spreadsheet i developed for answering STM previously) which enables me to adjust for assumed rate of return on your pension and also inflation..... if you work on 6% return and 2.5% inflation then your 350k will last you 27 years.
If you want to model a better RoR or different Inflation I can. For example if I change inflation to 3% you run out in 25 years time.
Next issue - that assumes all 350k invested - but if you intend to pull some out every year for 25+ years there will be a downturn in that time and you don't want to pull money out (sell shares) in a market low. So, you want 1-2 years held in 'cash' for when that happens - you then use that instead but you won't be getting a return on that in the same way.
And while 25 or 27 years from 60 sounds like 'enough' - the ONS calculator for you as a 50 yo male has your average life expectancy currently at 84, with a 25% chance of living to 93 and a 10% chance of living to 97. So a non-negligible chance of you outliving your funding.
Reading all together, and absolutely understanding there are plenty on here and elsewhere that have retired at that age with similar or lower pots and SO FAR made it work by cutting cloth differently (not many 80+ posters though yet, they may yet run out....sorry to be a pessimist but might happen), but it's you that said you and the wife need 4166* per month, and on that basis I reckon 350k is not enough. I reckon you need more like 400k +/- if it is to last you into you late 80's early 90's and to enable you to hold 20-40k of that as a buffer.
(* also to check - in your calc 4166 is as gross.....you won't get that, you'll get whatever that is after tax. If you want £4k /mo actual you need to be 'earning' more like 5k)
TLDR - you have a plan and it isn't light years off but I suggest doing some reading and if necessary getting a proper calc done, that 'could save £1000 but prob more like £500' makes a big difference if you can do £1000 now rather than even in 3 years time.
But surely as you get older you need less. Both as the state pension kicks in and as your needs decrease due to health, fitness.
For example if I retire at 60, I'm going to Finale for 3 months. But when I'm 70 I'd be happy with a fortnight in Lanzarote.
There's also things like houses to consider and capital from downsizing. I bet a chunk of STWers will have a £500k+ house and 0 mortgage by the time they retire. So you can easily free up £200k of that with a nice 2 bed bungalow.
Whilst I may need £40k a year at 60, I bet if I'm 85 I need the best part of bugger all.
If I'm pissing the bed in a posh place or a crap place, I'm still pissing the bed, so who really cares by then 😃
The calc includes state pension coming in at 67, thats factored. Earnings before then, pension after, topped up by 20k a year is the model.
Yes, house and stuff can cover some of the uncertainties particularly if you arent encumbered by kids and inheritances, etc.
Equally though. My Dad's 87 and still very active physically and economically. You may be right, and being cautious will bite you, but if my Dad had worked on your illustration he'd be in a miserable state by now (he wouldn't, me and my sister wouldn't let him be but you get the point)
Financial planners will probably tell you to assume post-retirement spending is higher than your likely average in the early years as you try and enjoy your freedom with trips and toys etc, then a lower middle period as you slow down a bit and then a final ramp up as care costs hit. Re care home costs...the average period in a care home works out at c2 years, but it’s one of those numbers where absolutely no one is average.
Basic calculation, the 4% rule, says that for a pension to last for 30 years
I think ? this assumes leaving a fair amount of pot left when you pass away ? If you are happy to work on basis of a pot diminishes to next to nothing by, say 85, then I think a drawdown of 6% or so is realistic, but I may be wrong !
Yes and no - it doesn't necessarily assume a fair amount is left after 30 years but does suggest that you should be confident it'll last the 30 years or longer, which is kind of the same thing.....
Fair enough, but I think taking a linear approach is conservative. As others have said, you’ll spend/need a lot more living life in your 60’s and 70’s than after that, in most cases. A model which takes extra drawdown in the first 10 or so years seems more applicable IMO.
My dad is well into his eighties and is spending quite a lot on nursing home fees. I don't know that you can assume spending will fall over time.
I was working on the basis that nursing home costs will be picked up by the state once personal funding runs out
They might, but I suspect the quality of care won't be as high...it won't be bad (hopefully), but it won't be as frequent or as good.
I didn't write the 4% model, I just used it as an 'industry standard' very basic model that has generally worked well enough as an estimation in the past, it is heavily caveated by the fact it is such an averaging. I did suggest getting a proper calc done.
So sure, today's 'modern pensioner' that is expected to have an active phase of initial retirement, and to live longer than the pensioners of the past is going to stretch that model. If you take more out initially then it will last less time (obviously) - but worth saying because you lose the money faster and also have less invested creating returns that you rely on in future, so it loses twice over in that estimation.
I'm going to say it out loud and some may take exception. I'm envious of those that have retired early on 'lower' pensions and are now living the life. But I hope they have really worked it through and are managing carefully (or have bought annuities sensibly) because if you find you went too early there's not a lot of chance to pull it back....you can stay in part time work at 60 far more easily than getting to 70 or 75, realising the pot's running out, and trying to get a part time job after 15 years out of work. I'm naturally conservative with a small c so this is me speaking entirely but I want a safety margin, and then a bit more beneath that myself before I can mentally retire and not worry. I'm 56, my pot is already bigger than many have mentioned above and who have already retired or gone into PT and my plan is to work FT for another 5 or so and then PT. I've smiled and clapped those above that have taken the leap and it's working out now; privately I'm not sure ....but it's their choice, and I'm trying to not sound like I'm pissing on chips, so I've bitten my tongue till now.
As for the 'expect state to pick up care bills later on' / 'if I'm pissing a cheap bed or expensive one, who cares?'
Fair expectation now but we're talking 30-odd years ahead now. Have you seen the direction of travel, I'm not convinced that's a safe assumption for then....and who cares - well, I assume my family would and I don't want them to have their old mum left to rot in the very basic level of state care that might still be available then if I can avoid it. For sure it's OK to say that if you've gone doolally then you want you kids to abandon you and not worry, I couldn't do that to my mum or dad and I don't think my kids will do it to me, and they certainly wouldn't for their mum, no matter what we instructed.
Your outlook on life seems very negative. I prefer (as do some others here) to see the positives instead. If something bad happens later, sure, it won't be great. But I'm not going to dwell on it until that time.
I could drop dead tomorrow (or even on the Pleny in 45min) and my wife becomes a millionaire, where's all the point me having all that money if it just buys me a nice funeral