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Hi Looking for advise on when to retire.
I'm 50 & have been Type 1 for 38 years (since age 12)
Surprisingly after that amount of time on insulin I'm still reasonably fit,
6'4" & 19 stone, beer belly (seldom drink during the week, but 2 pints & 2 JD's most Fri & Sat evenings), On Lisinopril & Simvastatin for Blood pressure & Cholesterol
:mrgreen: Avoid exercise like the plague, but walk three quarters of a mile to work & back daily, work in an office looking after messengers, & when there's holidays I'm still fit enough to be doing the messenger rounds myself.
4-5 years ago I started planning for retirement, at the time I was unable to find and details on life expectancy for type1 diabetics, but plenty of sites showing 6 year reduction for type2, so from that reasoned that i needed to factor in a 10 year reduction in life expectancy. 77 less 10 gave me an age of 67 for my plans.
:evil: But now there are statistics, apparently type1 have a 20+ year reduction in life expectancy.
:shock: Wow I know there are lies, dam lies & Statistics but statistically now that means I only have 6 & half years left! No wonder I was recently turned down for life insurance!
8) Plan was retire at 60, after seeing child through university, as my small work pension kicked in. Sell the house, purchase a liveaboard boat, me & wife head for the Med to live out retirement. (But if I'm unlikely to make it to 60, it's now looking like a bad plan). I may be able to get a reduced work pension & go sooner at 57 (same year as statistically due to die?) but it would financially be very tight, not enough pension to live on, so we would be rapidly be using up any capital left over from the house sale. (I't wouldn't be fare to die & end up leaving the wife with nothing, I wouldn't do it)
:roll: Please can anyone advise,
If the expected 20 year reduction for type1, changes as you get older?
If the original 20 yeas includes all those who died early after complications,
Can I assume having got to 50 without any serious complications, my life expectancy is better? and if so by how much?
What would you do in my circumstances.
Best Regards
Paul
I'm 50 & have been Type 1 for 38 years (since age 12)
Surprisingly after that amount of time on insulin I'm still reasonably fit,
6'4" & 19 stone, beer belly (seldom drink during the week, but 2 pints & 2 JD's most Fri & Sat evenings), On Lisinopril & Simvastatin for Blood pressure & Cholesterol
:mrgreen: Avoid exercise like the plague, but walk three quarters of a mile to work & back daily, work in an office looking after messengers, & when there's holidays I'm still fit enough to be doing the messenger rounds myself.
4-5 years ago I started planning for retirement, at the time I was unable to find and details on life expectancy for type1 diabetics, but plenty of sites showing 6 year reduction for type2, so from that reasoned that i needed to factor in a 10 year reduction in life expectancy. 77 less 10 gave me an age of 67 for my plans.
:evil: But now there are statistics, apparently type1 have a 20+ year reduction in life expectancy.
:shock: Wow I know there are lies, dam lies & Statistics but statistically now that means I only have 6 & half years left! No wonder I was recently turned down for life insurance!
8) Plan was retire at 60, after seeing child through university, as my small work pension kicked in. Sell the house, purchase a liveaboard boat, me & wife head for the Med to live out retirement. (But if I'm unlikely to make it to 60, it's now looking like a bad plan). I may be able to get a reduced work pension & go sooner at 57 (same year as statistically due to die?) but it would financially be very tight, not enough pension to live on, so we would be rapidly be using up any capital left over from the house sale. (I't wouldn't be fare to die & end up leaving the wife with nothing, I wouldn't do it)
:roll: Please can anyone advise,
If the expected 20 year reduction for type1, changes as you get older?
If the original 20 yeas includes all those who died early after complications,
Can I assume having got to 50 without any serious complications, my life expectancy is better? and if so by how much?
What would you do in my circumstances.
Best Regards
Paul