On a recent Fidelity Investor Community Post one member asked the following question:

What are your longevity plans? So, you’ve decided to retire and stored up a pile of assets, cold beer, golf balls and fishing tackle. Have you looked at the long-term and thought about will you have enough for you and yours? Did you pick a year when your assets are expected to run out? How did you decide, medical history, family history, something else? if you relocate or have no existing relatives, have you set up final plans?  Did you include LTC (long term care) plans and a way to pay for it, just in case?

 Psalm 90:10 ESV – “The years of our life are seventy, or even by reason of strength eighty; yet their span is but toil and trouble; they are soon gone, and we fly away.” (Where will you be flying?)

Genesis 6:3 ESV – “Then the Lord said, “My Spirit shall not abide in man forever, for he is flesh: his days shall be 120 years.”

James 4:13-17 (ESV) – “Come now, you who say, “Today or tomorrow we will go into such and such a town and spend a year there and trade and make a profit”— 14 yet you do not know what tomorrow will bring. What is your life? For you are a mist that appears for a little time and then vanishes. 15 Instead you ought to say, “If the Lord wills, we will live and do this or that.” 16 As it is, you boast in your arrogance. All such boasting is evil. 17 So whoever knows the right thing to do and fails to do it, for him it is sin.”

My response is on the attached image. In summary:

  1. When you make plans, consider the fact that you might not be around to do what you planned.
  2. Consider the Lord’s plan as more important than your plan.
  3. Do the right things today. You might not be able to do the right thing tomorrow.
  4. Be prepared for eternity. You will be flying somewhere. Pick your destination well.