Friday, September 30, 2016

Rainy Days and Longevity

So roofer came by to do his inspection. Definitely need new roofing all around.

Now to wait to see what the estimate is and whether it all fits within my rainy-day savings or if I have to finance. If I have to finance, I'll probably look to see how much bigger the loan would have to be to accommodate a solar install.

Was kind of funny - if a bit sobering: the estimator had forgotten to leave us with the swatch-book of shingles. When he came back by to correct that oversight, he was showing me the different categories and says to me, "I personally wouldn't splurge on the 'premium' shingles," to which I replied, "my goal, in all of this, is to not have to worry about putting another roof on this house till I'm eligible to collect full social security: I'll be 47 this January". He responded back that I definitely wouldn't need the premium shingles/roofing materials since everything was guaranteed for well longer than 20 years.

One of the funny things about being in the back half of my 40s: I need to start weighing so many more decisions against actuarial likelihoods:

  • Will this roof repair last me at least as long as I plan to be working
  • Is it likely that this new doctor/dentist/etc.will still be in practice for as long as I need their services
  • Does it make sense to buy this new appliance now, or wait "X" years so that its likely end of life will be sometime after I've retired and moved away
And it all ties back to the realization that, even if I live to be 90, I've got less years ahead of me than I do behind me. Right now, for the more ahead than behind to happen, I'd need to live to be 93 or so. In which case, even if I've planned my savings appropriately for a typical lifespan, I'll likely have outlived those savings-plans.


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