An Ancient Guide to Aging—Part Two: Sensual Pleasure and Death

Cicero, sensual pleasures and death

Cicero, sensual pleasures and death

Last week I wrote a post on Cicero’s first two points about old age. You may remember that he wrote an essay, On Old Age, when he was 62.

Most of his essay is given to discussion of four reasons for unhappiness in old age. Cicero refutes the notion that old age is necessarily unhappy by offering prescriptions for its common complaints. His first two arguments counter the charges that old age withdraws us from active employments, and that old age takes our bodily strength. His last two deal with sensual pleasures and death.

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An Ancient Guide to Aging Well

Cicero

Marcus Tullius Cicero, born into an aristocratic Roman family in 106 BC, was one of Rome’s leading philosophers, lawyers, and orators. At age 62, a year before his brutal death at the hands of Mark Anthony’s minions, he wrote an essay, On Old Age. Written without knowledge of Buddhism, before Christianity, and centuries before modern science, his essay is surprisingly relevant today.

The essay takes the form of a dialogue between two young men and Marcus Cato (Cicero’s alter ego), who was supposedly 84 at the time of the writing. The young men engage Cato with questions. They notice that old age seems not to burden Cato yet to many others it is a hateful weight. So they ask Cato how they might achieve for themselves a graceful old age. They ask particularly if Cato’s large wealth and high position, which are available to only a few, make old age tolerable. Continue reading

How To Win Income and Security from Retirement Investments

A marriage of income and security

Marriage often creates something larger than the two individuals. It can be that way with retirement income and security.

The last post discussed two ways to gain income from retirement savings: annuities and percentage withdrawal rules. This post describes marrying the two approaches. We learn that retirees can, in a manner of speaking, eat their cake yet still have it.  Continue reading

How Much to Save for Retirement?

Retirement Nest Egg

Retirement Nest Egg

That simple title question suggests a simple answer, yet today’s retirees live out a large variety of answers. Life is unpredictable and it is not easy to save for retirement. Further, people get along on what they have and what they receive from others. In short, if a fellow will settle for a short, brutish retirement, he need save nothing.

Still, looking ahead and envisioning realistic retirement goals, then balancing current spending with saving are very useful activities. They put people in charge of their lives and give them a sense of responsibility, both of which induce maturity, discipline and work. Continue reading

Checking Up on Alice—Portfolio Review

Four Investments, 1997-2012

Last weekend TV viewers watched the beginning of the third season of BBC’s Downton Abbey, a story about an aristocratic family in England in the 1920s. Sir Robert Crawley, Earl of Grantham, with his family and staff, live on investments in a splendid castle.

Last July readers of this blog met Alice, a model retiree, who also lives on investments and manages her portfolio of four different index mutual funds. Moreover, Alice has Social Security and a pension, both of which postdate Lord Grantham. Continue reading

You Don’t Need Someone In Charge of Your Money

In Charge

In Charge

Can you imagine a world where people who followed a few simple guidelines about diet and exercise but never visited doctors had health outcomes as good as those who do see doctors? Can you imagine a world in which wonderful music might come from people who played instruments but had little musical knowledge, training or experience?

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Should Old Men Get New Teeth, or Merely Philosophize about It?

Old age comes gradually, yet its arrival is often punctuated by unwanted events, like a visit to a dentist.  So it was for Daniel Klein, author of, “Travels with Epicurus—A Journey to a Greek Island in Search of a Fulfilled Life.” Mr. Klein’s dentist recommended he spend thousands of dollars to buy implants, which would require nearly a year of painful appointments with an oral surgeon and several weeks of living on the equivalent of baby food.  Continue reading

After the Election: What Is Next for Retirees?

The Maine photos of last week offered a respite from election turmoil. Life is heading toward normal now. The political advertisements relented suddenly, and election forecasting and handicapping stopped. Yet important policy issues, some involving seniors, remain unresolved, therefore a peculiar, almost restful anxiety appears to be growing in the country. Continue reading