2.5 -3 million with my home paid for. I’m a Gen Xer (forgotten generation) and I’ve never counted on social security being there for me. If it does happen to work out where I get some back of what I paid in, it will just be a little icing for myself.
PM is where I’d discuss this. Open to it if you are
Whatever number you come up with, I’d multiply it by 1.5.
About tree fiddy.
Great points @DrStrange. As far as quality of life goes I was referring to the fact that people I know that had moved, had a beautiful house in a great neighborhood, but missed their family and best friends…
Funny fact…
Way more…..? That’s quite the goal!
Let me clarify as your example would fall into a different FIRE category (chubby fire? Fat fire? )
Retired military/VA disability is my guess
Yes I am 39, I have a military pension that’s padded with a 10yr day trade bundle. There’s a bit more to it, I’ll discuss in PM if you’d like.
It’s bit more of a chubby fire.
Good for you! Congratulations.
I think this goes back to the location point and valuation. If I gave you an income stream of $15K a month, $2M in the bank, I’d still say good luck living in San Francisco…. Retire in your 70s…. But if I put you in a place, say Alabama, you’re set.
I couldn't have said it any better myself!!!
” you speak of?
Lou is a retired United States service veteran. As such he gets medical care at any base hospital as does his wife. The service is staffed with many top notch physicians. It is the least our country can do for his lifetime dedication to us.What is this “Full Medical Coverage
There does not seem to be anything like guaranteed coverage in the U.S.
There are a zillion loopholes even in gold-plated policies, giant deductibles, plus insurers looking to find any excuse to deny claims and make you fight for what you thought you’d paid for.
They’ve got bureaucratic hacks in call center cubicles overruling doctors left and right. I pay over $500 a month (just for myself—can’t imagine what people with big families pay). I get nothing covered unless I’ve already shelled out $9K in expenses annually. So effectively $15K until anything’s “free” (meaning until you get the privilege of going to war with your own insurer.)
I’m an active, vegetarian, non-smoker who has never broken a bone or spent a single night in a hospital. I see a doctor once a year for a perfunctory checkup. But being healthy and living well still doesn’t keep the expenses down.
If I were 20 and had to start all over again, I’d try to get the barest bones catastrophic insurance until I was ~50 just to guard against any major accident, and pay smaller medical bills out of pocket. And research what kind of low tax/untaxed/tax-deductible invested accounts can be set up to self-fund future medical expenses.
Then have a nice pile of cash by the time I was old enough to need it for healthcare... Rather than sending these shady corporations hundreds a month for something I can’t 100% rely upon. But then 90% of doctors won’t see you without an insurance card.
I so appreciate your view on this. It’s unfortunate this way of thinking has pretty much dissolved. I so appreciate our military members for the sacrifices they’ve made.
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