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[quote=Anonymous][quote=Anonymous][quote=Anonymous]$14M w/o college savings - $1M in 529 plan

No advisors

Curious about age of people w high NW and anybody thinking of retiring early. My hesitation is health care. Would appreciate any ideas.  Also how much $ you guys are leaving the kids.[/quote]

Say you are 45, and have to spend $100,000 per year on insurance and other health care costs until Medicare kicks in.  That would be astronomical.

Now, double that, as a truly worst case, practically unheard of situation.

Why, you'd practically be destitute!  You'd only have - $10m left over.  Rice and beans for you!

Good grief.  You are way, way overthinking this.  [/quote]

Worst case scenerio is actually medical costs AND a full time aide due to a long term illness.  Without long term care (and often even with it), it would be about $15-$35/hour every hour, with nights being on the higher end.  So it could be about $200k a year for care PLUS the medical expenses (insurance, unreimbursed expenses: equipment, meds, etc.)  MOST people who need full time care don't live that long, but it is in the realm of possibility.[/quote]

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