HI all:
Have not written on this blog for awhile, been to caught up in the election and all, plus family goings on...etc. Oh yeah, and watching the crash first of the sub-prime mortgage crisis, then the Bear Stearn, Leiman Brothers, and others; the Banking institutions, Iceland drowning, currency plummeting, and soon stock derriviteves(spelling) to tired to look up the spelling.
The entire fiasco smells of one word; world wide greed. Cause and effect. I mentioned last summer 2007 on this forum about the impending world wide crisis. However, I recall a number of you guys thought I was simply to negative; and you guys said I sounded like the ole story "Penny, the sky is falling". I needed medication for my state of mind. Well... Unfortuately, the global recession is here. I saw this coming last year.
Of course, there is a bright side; silver lining. Buy less, be thankful for ones health and family, love everyone even your enemies, and in time the sun will shine brightly again.
Jimbo, I agree with Roy and Chilli, retire. You still will have money; however, time marches on, and one does not live forever. Your children will manage, just as you did when your parents died; and I am certain you were alot worse off when they passed away. I became self sufficient when I was eighteen years old; although my parents were alive. Your children will survive, they have an education which many young adults do not have. Their will always will be a reason for you not to retire....
I do not think Roy is getting on your case; he is simply putting in his own way, brother enjoy your family. If you passed away right now....what would they all do then??? Their lives would march on; or would they simply say we must follow our father.
I do not mean to sound so morbid, but really Jimbo, forget about the percentage of income you have lost, you still have enough to retire. You do not need the new car, and all the new gadgets know to man. Enjoy the simply things of life...what is most important in life, your family. If you were on your death bed right now, what would be your deepest regret? That you had so little time to spend with those that you love. Not the money you could leave them.
We all think are lives are so important, however, when we die their is always someone else who picks up the slack; whether it be our current job, etc. You took over for your parents when they died; and your children, I am certain are in alot better place then you were when your parents died. That is life. Since you have been such a good example to them over their life times, I am sure they will make you proud. They must make their own way in life just as you did.
Retire.