Reply to Would you retire with a NW of $10m?

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[quote=Anonymous]We wouldn’t, at 50. I don’t trust our home values, which is a million of it or more—too many family members burned by RE crashes.  They could expand a highway near us and we’d lose all that equity — even a school reasons could impact it.  We have no pension and I’m not optimistic that SS will be there for us.  I just feel like y 50 there are too many uncertainties — what if one of us gets cancer and we need to pay out of pocket for more aggressive treatment (happening to a friend).  Why if one of the kids is struck with a chronic illness and can’t support themselves (happening to another friend).  What if health insurance hosts increase more than anticipated (already happening and about to happen more due to all the regulation and litigation happening around prescription drug prices).  The longer the timeline the wider the range of possible outcomes.  And we are in fields where it would be hard to re enter once retired — if I were in a high demand field I would feel differently I think.[/quote]

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