I think most people would be hard pressed to come up with a mil for 2, so that's only 40k. For 2 people that would not be anywhere close to enough even in the boonies. 120k isnt really that much, assisted living is something like 5-6k here so you need 1.5m to just cover that without other expenses.
> assisted living is something like 5-6k here so you need 1.5m to just cover that without other expenses.
For what it is worth, the average person in the US spends about $7,300 per person over a lifetime on nursing homes. Only 32% spend anything. The 95th percentile is $47,000. The median person spent just a week or so in a nursing home. 5% of the population spend more than 4 years in a nursing home. You seem to have costed 20 years. Possibly I don't understand the nature of 'assisted living'.
How much to save for the potential eventuality comes down to your risk profile and appetite. I'm always intrigued by those who on one hand have a very risk-hungry investing approach yet also have a very risk-averse outlook on end of life care.
I have a family member who has been in a nursing home for 4 years. I hope they'll last another 4. Essentially, the person was able to trade in their home for this care, and more. I'd say that's a fairly common transaction.
I’ve been living on less than $40k a year my entire life. I’ve spent years driving around the world, snowboarding, hiking, camping.
I work the least amount possible to make it happen.
When my parents were getting close to retirement Dad an I ran the numbers a hundred different ways. I think the experts said they’d need $100k a year, and no matter what we did we couldn’t get it over $60k. Now in retirement it’s less than $50k.
Yeah there’s two different subjects here. Retirement vs. nursing home, the second being a lot more expensive. Difference between a high and low cost county is important as well. Own a home, etc.
I dont know why they would choose 200m deep, its pretty dark at that depth and not super interesting. Why not park it somewhere near a reef at 30-50M, dive in dive out experience for tourists, good vac options, good lighting and easy to work on.
It’s a cap, not a target. Up to 200m, initially only up to 100m. It’s also for scientists, so the benefits are that you don’t have to keep returning to the surface. The whole idea is to reduce the cost and interruption to the work the scientists want to do. At 50m you can get to the surface fairly easily. 200m much harder.
I personally really had the USB C "Standard". The cable shape and fit is good but the fact that the different USB C cables all look the same but dont actually work the same is a real problem. Having identical looking cables without any markings on them to indicate capability is really problematic.
The ford 10R80. 10 speed transmission is famous for being terrible dispute being in use since 2018.
As for toyota their new engines and transmissions arent really any better for fuel economy but seem to have reliability issues anyway. I think its more of a problem of too much power as the HP war rages on for more powerful engines.
> As for toyota their new engines and transmissions arent really any better for fuel economy but seem to have reliability issues anyway.
I mentioned HSD specifically, which refers to a Hybrid Setup where the transmission is typically a setup where in simple form there's a single speed gearbox, two motor/generators (one of which more or less replaces a torque converter to minimize losses) and an electronically controlled clutch for the motor to act in direct drive to, again, minimize losses.
Rav4 Hybrids, Maverick Hybrids, Escape hybrids all have pretty good overall reliability track records as far as the engine/transmission goes (interestingly, some of the Ford models have a 'potential recall' on some VIN ranges but it seems like a supplier issue on the crankshafts... which TBH sounds like it hit other manufacturers e.x. Toyota.)
The 'simple' Hybrid model like this typically involves:
- A boring engine with atkinson-style capable VVT. Ford normally uses a variant of a Mazda design that is well proven, You don't need direct injection or turbos, AFAIK even Toyota follows the same pattern (unless they're doing D4S now... but doubt it based on observations of hybrids in the winter)
- Transmission like noted above
- A battery between 1.3 and 3.0 Killowatt hours (probably closer to 2.0 median tho). For comparison a tesla model 3 starts at ~50Kwh battery, costs for maintenance are overblown on hybrids frequently.
- A mileage above 35MPG for something like a Rav4/Maverick/Escape hybrid. Far more for a Prius sized/profiled vehicle.
- Maybe 1-2 seconds of torque decently above 200 lb-ft of torque in a burst, again on something like a 2.5 liter.
> I think its more of a problem of too much power as the HP war rages on for more powerful engines.
Yeah people miss the point there. Most people really want torque to help get them to a highway driving speed safely enough to deal with the rest of the folks out there and have enough HP to get to necessary evasion speed. (And, a transmission that can keep up with that.) For >90% of my driving, the Hybrid gives me enough 'oomph' compared to my older M/T WRX that, well, the WRX now has a maintenance backlog (FML).
If you can hit >200 pound feet in a compact to midsize (C/D class), frankly, that's enough. The average person on the highway being able to hit 0-60 in <10 seconds is often a liability, because it makes them overconfident.
Extend and pretend is the name of the game. If the lender triggers a default they will be stuck with the property and have to take the large balance sheet loss. Its generally better for them to pretend everything is fine until the property owner cant make the payment and even then its usually better to renegotiate than it is to take the hit. There isnt a clearing mechanism that would force the loss to occur and the property to resell at new market value.
Thats really the danger of low rates, it slows down market clearing forces and allows zombie companies to persist for a very long time.
