Earlier quoted context omitted.
The only impact? You are a walking vulnerability. KRACK, Blueborne, just to name a few recently highly publicized vulnerabilities. You are like the perfect exploit, just waiting to get pwned. You are, Bill Harper.
I, like the parent poster, am running the latest update for my phone. Yes, I know I'm a walking vulnerability, but short of purchasing a new phone, there is nothing I can do about it. IIRC, updates for my device were cut off before it was even out of warranty , and I'm sorry, I'm not dropping — I can't drop — $600 every year and a half on new hardware just to get new software. Vendors need to support devices for the…
AFAIK Microsoft and Red Hat are the only ones who do a good job of patching security bugs on older OSes.