Reply to Would you retire with a NW of $10m?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would absolutely retire with a NW of $10m. I can live comfortably at a $300k annual income, which is a conservative withdrawal rate. [/quote]

Similar situation with similar aged kids. I wouldn’t. Heath insurance is an issue. [/quote]

With $10MM NW, you really don't think a family can just buy health insurance? Why not?[/quote]It adds significantly to the annual budget. [/quote]

But not really.  Of course, OP indicated they receive health insurance even if they were to retire today.

I still don't understand why anyone thinks $20k - $30k per year for health insurance is much of an issue with a $10MM net worth.  [/quote]
$20K for a few years is nbd.  But, who knows what healthcare costs will be like in 10 years.   Also, all it takes is one serious illness to wipe out a significant portion of your savings.  ACA will help, but OP is still young, and medicare won't kick in for a while.

No one ever thought college costs would reach $100K, and look where we are now.[/quote]

That's why you have health insurance.  It's not as though the exchange health insurance is much different than many employer plans.  You may have a high deductible (or not depending on what you select), but then you are covered after that (to the extent anyone's coverage is any good).  Also, if you are diagnosed with a serious illness you can simply opt for a better plan the next year to cover your medical bills at a higher premium.
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