Do you aim to die with zero?

[sidjameson]

Of course an impossible task for most but it's always been my hope to not die with unspent wealth. 

Though knowing when to draw down and by how much is proving to be a very tricky question.

[Denim]

No.

 

I'd like to be ahead of the game and pop my clogs owing a lot of money to a bank.

[mfd101]

No, I shall leave as much as I can to my partner (40 years younger than me). He already owns all property here in Thailand (land, house, car) and I have arrangements in place for him to receive the 2/3 of my Oz superannuation to which he is entitled, plus my investments.

[jvs]

I will make sure there will be adequate money for my partner when i pass away.

There will be a nice house,some land and some cash for her.

I see no need to overspend ,we pretty much have everything we need.

If i would be alone it would be a different case.

 

[DudleySquat]

I don't have any money. 

 

I put it all in my 16-year-old son's account. If I die, he has everything, and no will is necessary. He also knows where the gold is stashed. As for USA money, he has access to that, too.

 

[scubascuba3]

The last 6 months are often medically very expensive

[Ralf001]

I'll spend down to zero.... but will leave cash in an envelope to cover body removal, autopsy and funeral and house cleaning.

[SAFETY FIRST]

13 minutes ago, Ralf001 said:

I'll spend down to zero.... but will leave cash in an envelope to cover body removal, autopsy and funeral and house cleaning.

Let me know when you are departing, I'll come over and help you spend your money that's not in the envelope. 

 

[2baht]

7 hours ago, Denim said:

No.

 

I'd like to be ahead of the game and pop my clogs owing a lot of money to a bank.

Cool, payback for their insatiable greed! 

[Ralf001]

14 minutes ago, SAFETY FIRST said:

Let me know when you are departing, I'll come over and help you spend your money that's not in the envelope. 

 

Wont be much notice to give, decision will be made day before a the earliest.

[KhunLA]

Would if didn't have wife & daughter.  

[Olmate]

2 hours ago, 2baht said:

Cool, payback for their insatiable greed! 

Max out the credit cards is a must! 

[EVENKEEL]

I told my old lady recently that I planned to spend all my money before the end. She goes, "what about me?" Well, what about you. I've bought 2 homes, 2 vehicles, you don't work, you don't save the money that comes your way. We have a kid together which will get left over money, property in US.

 

My MIL has 2 ex husbands who live nearby and neither gives her squat, it's the thai way. So, I don't feel the least bit bad about my way of thinking.

[kinyara]

Unless you have a massive monthly pension to cover additional medical bills above insurance I don't see how this can be achieved practically without an element of concern/worry.

 

As a single guy with no direct dependents I think it's sensible planning to sell my condo in later life and rent hopefully in the same complex which I feel comfortable in, running down the assets in Thailand so there is not much here for relatives to have to deal with. I don't mind leaving my maximum 800k to a trustworthy friend to distribute equally amongst a list of the condo staff and particular bar staff in my 2 regular venues that I've known for years. As we know a little goes a long way here to people earning sub 20k a month.

[stoner]

9 hours ago, DudleySquat said:

He also knows where the gold is stashed.

 

we already know where your abandoned silo is. 

[In Full Agreement]

2 hours ago, Ralf001 said:

I'll spend down to zero.... but will leave cash in an envelope to cover body removal, autopsy and funeral and house cleaning.

 

 

You'll make the first responders very happy.

[quake]

 (Do you aim to die with zero)

 

No.

The wife will be very well looked after when I'm gone.

The only thing that worries me, is people ( friends ) tying to get the dosh off her.

but can't control that. so, up to her. 

 

[OneMoreFarang]

I remember a story from a playboy in Germany many years ago. He had a testament like this:

The last girl who has sex with him will get everything.

That sounds to me like a reasonable arrangement. 

 

P.S.: I guess my personal rest wealth won't be high enough to attract too many girls with such a deal. 

[Ralf001]

36 minutes ago, In Full Agreement said:

 

 

You'll make the first responders very happy.

 

I'll be dead.

Care factor zero.

[noobexpat]

Capital decumulation is far more difficult to strategically devise than accumulation (which is easy).

 

The much touted 4% rule is devised to NOT deplete capital, for instance.

[GypsyT]

6 hours ago, scubascuba3 said:

The last 6 months are often medically very expensive

That's why I wanna be sure my money's already gone 100%

 

PS. Seriously: I plan to give all to https://www.msf.org/

- Doctors w/o borders. I think they do a great job and all are my heroes.

 

Edited December 28, 2023 by GypsyT

[Will B Good]

Not sure who Zero is......so probably stick with the wife.

 

 

[Woof999]

If I had no dependents then the perfect scenario is net zero, except for owing banks and credit card companies as much as possible.

 

With dependents, aiming to leave nothing would be the most selfish thing I could do. I never had a big leg up in life, but a few thousand here and there does make a difference.

 

On the flip side, I know a handful of 20 or 30 somethings here in Thailand that were born into wealth, never had to work a real day in their life and never had to worry about money for life's real essentials. All but maybe 1 are total spoilt brats with zero clue about the value of money. If my kids ever end up with that attitude to life and money then I've been a total failure.

[scubascuba3]

7 hours ago, Ralf001 said:

I'll spend down to zero.... but will leave cash in an envelope to cover body removal, autopsy and funeral and house cleaning.

The police will appreciate that envelope 

[Ralf001]

16 minutes ago, scubascuba3 said:

The police will appreciate that envelope 

 

And you are think iam that dumb to leave the cash on my body or in my house.... either way,

I'll be dead.

Care factor zero.

[Lacessit]

As no-one can predict how long they will live, IMO it's pretty stupid to try for zero, unless one aims to top themselves on the day the money runs out.

I aim to look after my GF in Thailand and my son in Australia when I am gone.

There might be no point to being the richest man in the cemetery. However, being broke and still alive isn't my idea of a good time.

[Ralf001]

1 hour ago, Lacessit said:

As no-one can predict how long they will live,

 

But we can predict when we die.

[Lacessit]

45 minutes ago, Ralf001 said:

 

But we can predict when we die.

Voluntarily, yes.

[GinBoy2]

No is the simple answer.

 

The kids will inherit a condo each, which generate my retirement income today.

 

My wife, if she outlives me (we're only a few years apart so who knows) will get our house, plus whatever is in the bank and my survivor social security benefits.

 

We live pretty comfortably, don't see any need to liquidate assets for a total end of it all blow out!

[mikebike]

3 minutes ago, GinBoy2 said:

No is the simple answer.

 

The kids will inherit a condo each, which generate my retirement income today.

 

My wife, if she outlives me (we're only a few years apart so who knows) will get our house, plus whatever is in the bank and my survivor social security benefits.

 

We live pretty comfortably, don't see any need to liquidate assets for a total end of it all blow out!

Almost exactly the same. Weird 😄