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re: How much money do people need to retire?
Posted on 2/28/24 at 7:17 am to BeerMoney
Posted on 2/28/24 at 7:17 am to BeerMoney
quote:
I think degraded health or major health events are the big things that wipes out savings for someone like this. But alll signs point to him comfortably watching LSU and chilling in the AC till he dies.
This is always the terrifying variable for a retired person. Even if you are an incredibly responsible person with your money and budget - all it takes is a heart attack or a cancer diagnosis to potentially wipe you out. I’ve seen it happen and it’s very sad and terrifying.
2
Posted on 2/28/24 at 8:22 am to Jimbojambojumbo
There are ways to plan for mitigation against being wiped out by your health care costs, but this board doesn’t want to hear that
Posted on 2/28/24 at 9:59 am to Jimbojambojumbo
quote:
all it takes is a heart attack or a cancer diagnosis to potentially wipe you out. I’ve seen it happen and it’s very sad and terrifying.
work for the gov't and keep their healthcare for you and your spouse until death.
Get all of your money and assets out of your name and to your kids before you reach an age where a major event may happen.
The gov't will take every last cent from you for healthcare, but if you don't have any to take, then it's basically free.
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