"DIE WITH ZERO" and End-of-Life Planning

Hello, I'm Yasujin, an end-of-life planning advisor.

End-of-life planning is not "preparation for death," but rather
"activities to live a limited life happily without regrets.".

I purchased and read "DIE WITH ZERO," which I had been curious about for a while.

To summarize the content roughly,

stop spending your precious time in life just to
save an amount of money you can't spend before you die.

Instead, it is important to spend money on experiences you can only have now and
create many lifelong memories before you die.

That was the gist of it.

…I agree.
"DIE WITH ZERO" was exactly the kind of end-of-life planning I am aiming for.

What I found particularly insightful was the point that even if you pass on assets as an inheritance after you die, your children will be quite elderly by then, and they won't be able to make much use of the assets.
In that case, it is better to pass them on while you are still alive, specifically

at the timing when your children need money the most. Now that I think about it, that's true.

Inheritance is something you do after you die—I feel like I was trapped by that fixed idea.
Instead of holding onto the inheritance until we die,
I thought it would be worth considering lifetime gifting at times that would help our children's lives, such as when they want to get married or buy a house.

Similarly, if you are going to donate to charities, it is better to do it while you are alive rather than as an inheritance.
Thinking about it that way, maybe athletes like Shohei Ohtani are already starting to spend their money with "DIE WITH ZERO" in mind.

Also, I learned about term life annuities that address longevity risk for the first time in this book.
They call it a Tontine annuity, I believe...

It's a
reverse version of life insurance where you receive a fixed amount until you die if you happen to live past 80.

Indeed, if you don't know how long you will live, there is a concern that you might spend all your money and
end up with DIE WITH MINUS, so I thought I would consider it as a supplement to my pension.

It was a book that taught me a lot.

I highly recommend this book to anyone aiming for end-of-life planning as "activities to live happily without regrets."

I wish I had read it sooner...