Reply to At what net worth level were you lo longer concerned about losing your job?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The number for us is what we spend each year multiplied by 30. So if you are good at 100k a year, You’ll need 3 million to feel secure[/quote]

That seems low to me UNLESS you are already in your 60s-70s+ and thus Medicare is in play along w/ private insurance. Because if you're say 40 and paying for private insurance for the next 25 years, it goes up yearly and by decent amounts. This seems like more of a FIRE number - i.e. those people go on Medicaid if they have to just so they don't have to work.[/quote]

DP: The OP question is when you are no longer concerned about losing your job--so IMO while this may be low to say you are ready to retire, but is enough to not worry about losing your job.  If you have to pay private health insurance for a while as you look for other work, you're not worried. [/quote]

This.  Many people are missing this point.  (Also, some people are delusional.)  We are late 40s/early 50s, and have $2.5m invested, not including 529 or home equity.  Will I retire tomorrow?  No.  Would I be concerned if I lost my job?  Also no.  Frankly, I may leave my current job, significantly scale back in terms of stress and compensation (and savings), and let my retirement assets continue to grow.  [/quote]

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