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Reply to "Why max out 401k?"
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[quote=Anonymous][quote=Anonymous]What you should do is map out scenarios, then back into what our savings would need to be based on them. Worst case: major health catastrophe, need to stay in high COLA area with access to best doctors and family member caretakers. May need assisted living (price these out) -- wildly expensive Best case: excellent health, can move back to Europe or wherever and then fly back/forth to see family that may stay in the US Keep in mind that what sounds feasible at 40 is not feasible at 60 or 70. International moves are hard emotionally with grandchildren in the home country. Impossible with major health conditions.[/quote] High COLA areas are not necessarily the only ones with great health care, though. I disagree strongly with that assertion, actually. There are fantastic hospitals in Cincinnati, Nashville, Indianapolis, many, many university towns, Minnesota, etc etc. In fact, high COLA areas like DC have the worst of all worlds. Good hospital, but all the good doctors don't take insurance and you have to pay SO much out of pocket. I'm in Chicago now, and it's night and day. [/quote]
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