> Aim to die broke. Give to your beneficiaries before you die; it’s more fun and useful. Spend it all. Your last check should go to the funeral home and it should bounce.
Easier said than done, and I find this is bad advice. You don't really know how much runway you have in front of you and in a situation where you may have very limited income, your best bet is to save as much as possible. Also you will have unforeseen health-related expenses as you get old. Following this logic incurs a risk of make yourself depend on your kids or your family members before you die.
Easier said than done, and I find this is bad advice. You don't really know how much runway you have in front of you and in a situation where you may have very limited income, your best bet is to save as much as possible. Also you will have unforeseen health-related expenses as you get old. Following this logic incurs a risk of make yourself depend on your kids or your family members before you die.