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Reply to "People with $5M+ NW, why do you still choose to work?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]20 years of assisted living would cost about $5M according to Google. Per person so $10 if you need it for both. 3 kids going to private college is another 1.5, and if they want to be doctors or lawyers you can add onto that. I also have anxiety about one of my kids getting a serious medical condition or injury where you need to pay $$$$ out of pocket to get appropriate care. If that happened and I didn’t have th money because I retired at 50, I’d feel 20 years of assisted living? For both partners?? Risk assessment not your strength I see. [/quote] Right! Who could possibly need 20 years of assisted living! That is insane to plan for that. Also by age 50 your kids should be grown enough that their getting a serious medical condition is not a risk either. You are not super smart in your calculations.[/quote]
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