Reply to Late 40s. We have about 3.5X our gross HHI saved. Is that ok?

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Reply to "Late 40s. We have about 3.5X our gross HHI saved. Is that ok?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Well DH and I save and invest separately - spender (him) and saver (me).

Early 40s - I have 15x my income saved and invested (excluding significant home equity and $600k in 529 plans).  About 50% of that is separate property (pre-marriage investments that I kept separate) and the other 50% of technically marital property, but that's only relevant if we get a divorce - I control it as long as we are married, and it's part of my estate.

DH is older and only has 3x saved.

Story of a spender versus a saver. [/quote]

Genuinely curious how marriages like this survive.  What happens if DH looses his job at 50/55 and cannot easily find work equivalent to current job?  What happens if at some point he needs to enter memory care/assisted living?  But he has only enough left for 6 months?  Do you spend down your savings?  Do you manage with him at home (and stress yourself out to save the $$)?

[/quote]

If he loses his job, we'll have to sell our house because our mortgage (his idea) is based  on his income.  If he gets sick and needs care, I will pay for his care directly with my savings.  Fully expect that day to come.  If he wants to buy a boat in retirement or spend $250k per year caring for his parents, he will be SOL.  [/quote]

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