How do you invest your money?

Bretrick said:
Even funeral companies go bust.
Leaving the possibility of all those prepaid funeral plans left high and dry.
It does happen unfortunately.
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That sort of thing is extremely rare.

The funds are deposited into an individual interest bearing bank account as part of an individual revocable trust.

If the undertaker goes out of business the accounts are transferred to another local undertaker or returned.

If it happens, it happens,

I’ve tried to do my best and that’s about all any of us can do.
 
Aunt Bea said:
That sort of thing is extremely rare.

The funds are deposited into an individual interest bearing bank account as part of an individual revocable trust.

If the undertaker goes out of business the accounts are transferred to another local undertaker or returned.

If it happens, it happens,

I’ve tried to do my best and that’s about all any of us can do.
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I know this to be true Aunt Bea (and Bretrick) because my mother insisted on pre-paying her funeral and we'd get statements from the account holder. The funeral home that handled her services at one time was "the only game in town" and still has little competition, so they are doing good business. Her pre-paying her funeral was a God send for me. It made things so much easier.
 

And it is much cheaper to purchase cemetery plot and headstone in advance. It's always more expensive to buy anything at the last minute. Our family plot was purchased 20 years ago. The market value has gone up about 5X.
 
OldOld said:
And it is much cheaper to purchase cemetery plot and headstone in advance. It's always more expensive to buy anything at the last minute. Our family plot was purchased 20 years ago. The market value has gone up about 5X.
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in the mean time the same dollars 20 years ago in an s&p 500 fund would be up 8x or more if in nasdaq too

you could buy today and have plenty left over.

so buying things like this or even deferred annuities are not the best things to buy in advance compared to other alternatives and buying down the road
 
When I was in the Victorian house, I lived next door to a very old widowed, childless woman (she passed in 1990 at age 100). She always told people, "You'll be remembered in my will.", and she gave the impression that she had great wealth. Everyone was always falling over one another to do things for her to get on her good side. Come to find out, she was near penniless and just had the house and whatever was in it. She hadn't paid property taxes or much else in years, so debt piled up. Of course her property and possessions were sold and the money used to pay off her debts, so there wasn't much left.
Of course, people were mentioned in her will, but not as beneficiaries. There were a lot of angry people. My mom was lucky to her this hurricane style lamp. She did a favor for the woman and asked for it in return.

hurricane lamp.jpg
 
mathjak107 said:
in the mean time the same dollars 20 years ago in an s&p 500 fund would be up 8x or more if in nasdaq too

you could buy today and have plenty left over.

so buying things like this or even deferred annuities are not the best things to buy in advance compared to other alternatives and buying down the road
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You can keep your body unburied for 20 years, and invest the burial fund in S&P too.🤑
 

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