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[quote=Anonymous]We think about it as one of our possible scenarios. We have a financial planner who models our retirement needs. We are planning to need the same in retirement as we do now (one kid in college) and we aim to have enough saved to be confident we won’t run out of money before we die. We are in our fifties and spend about $100,000/yr, and our current $1.5 million will grow a bit before we retire, and then we should have enough to make that work. On both sides our living parents are old and frail, one of them in hospice (though he could live another year or more). We’ll probably inherit in the next few years. That is soon and probable enough that we feel comfortable doing things like not saving more now because of a job loss, and taking a vacation. Basically it gives us confidence to do the things our financial advisor tells us we could do anyway and still be safe, but we would hesitate to do without the probability of more money coming in.[/quote]
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