Author Topic: How have you prepared for your wife or partner if you should go before them?  (Read 638 times)

Offline FastWalk

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Re: How have you prepared for your wife or partner if you should go before them?
« Reply #15 on: September 11, 2017, 11:12:17 PM »


My point is that to live where we do, as we do, cannot be achieved on $1,500 a month.  If my wife wants to stay here, then I want to make it possible. 


I must say that, should there be such a thing as reincarnation, my choice would be to come back in my next life as U.S. military.
 

VERY educational, well written,  and cool !!!    I wish we had one of the like it buttons.  It sounds to me like you found the fairy tale life.   Very well done.


To the point on the reincarnation to be US Military.  I would disagree.  I know some about it,  but not as much as others.   I never know how much I should tell or what constitutes bragging.  But I could say that I think for my wife and I we have done (financially) much better outside the Military with the income streams to be more than I could have hoped for from Military using typical tools already described here,  real estate and equities in varies different forms including the tax advantaged ones.  My wife has access to all of it and knows how it works, it will continue to increase in size even after me.  As well we have (or I should more correctly say she has) land and business that earn enough already to live ok in the Phillipines  and care for our kids and me if needed.  In addition she can/will receive maximum SSN from US Gov,  that alone is more than enough in the Philippines when she already has everything else paid for or funded.   Even children already have the university fees ready in case they will return to US for final educations (that is likely).  It is unlikely for me that I would have achieved the same from a complete Military life.  Although there are other benefits that might have made it more rewarding.  Some of my best memory are from those times.

If my wife had 2 coins in the morning,  by lunchtime it will be somehow become 5.  I still am in wonder that she choose me....  !!!
“Old men do not grow wise. They grow careful.”
“Keep on rocking in the free world”

Offline ABCDeVil

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I must say that, should there be such a thing as reincarnation, my choice would be to come back in my next life as U.S. military.  One reads every day about how fewer and fewer workers are covered by any kind of pension plan and how difficult it is to save a sufficient amount for retirement through 401k plans, etc.  The U.S. military seems to be about the last bastion of total care for life.  One can join at about age 19, have advanced education paid for, earn good wages and retire after 30 years with an excellent indexed pension and first class medical benefits, available anywhere in the world, for life.  And, as I see from ABCDeVil's post, those benefits apply in large measure to wife and kids.  I am envious.  Well done ABCDeVil!

I mentioned before that I decided against a joint life and last survivor pension, not only because it would pay nowhere near a 66% or 75% survivor's benefit, but also because the election is irrevocable.  My wife and I have been together for nigh on 16 years and separation seems unlikely.  But, way back when I had to make my election, I did take into account the irrevocability factor.  If one makes the joint life election and the spouse decides to leave with another lover, they still get the benefit for life.  That would be a bit galling.

Just to clarify, I am Aussie, ex military, so this seems to be similiar to that of US ex military. The only catch, is the medical benefits, NONE from Aussie gov, even if we were living in Aus, lol. Also, my asawa knows exactly where our money is, exactly how much there is and rely's in me to provide cash, when and where we need it. We discuss all matters, especially financial, then we act accordingly.

We are about to take hold of 2 apartments, one for us to live in for free, the other is pure rental. So that helps with less money out each month.

Foot note: The baby was lost, so that part is sad, but we are up beat, our loss is done and dealt with. Still my asawa will get her 66% for life, whenever I meet my maker, so she feels secure about her future, after me.

ABC

Offline David690

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Just to clarify, I am Aussie, ex military, so this seems to be similiar to that of US ex military. The only catch, is the medical benefits, NONE from Aussie gov, even if we were living in Aus, lol. Also, my asawa knows exactly where our money is, exactly how much there is and rely's in me to provide cash, when and where we need it. We discuss all matters, especially financial, then we act accordingly.

We are about to take hold of 2 apartments, one for us to live in for free, the other is pure rental. So that helps with less money out each month.

Foot note: The baby was lost, so that part is sad, but we are up beat, our loss is done and dealt with. Still my asawa will get her 66% for life, whenever I meet my maker, so she feels secure about her future, after me.

ABC

Very sorry to hear that ABC.  My deepest sympathy to you and your asawa.
Londoner at heart

Offline Lee2

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@ABC condolences to you, your wife and family, sorry to hear of your loss.
:) Happily married since 1994 & live part of the year in Cebu and the rest in S. Florida.

Offline FastWalk

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ABC, sorry for your loss.
“Old men do not grow wise. They grow careful.”
“Keep on rocking in the free world”

Offline Steve & Myrlita

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My deepest condolences.

Thank you...God Bless...
Bro Steve & Sis Myrlita
Bacolod City, PH

 


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