Quote:
Originally Posted by NewbieHere
Some of my furniture pieces worth more than some of my jewelry pieces. Maybe we should count furniture too.
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Yes. I see that "other stuff". The stuff the insurance company can "value" for you, as maybe shotgun-in-the-closet money. Yes, if you lose everything... if the stock market collapses... you can sell the Rembrants in the garage, and all that jewelry that you probably got ripped-off when you bought it 40 yrs a go, and keep the house or pay the doctor. If I can't spend it, eat it, or rebalance it, it's probably not prudent to consider it retirement money. Unless, the retirement plan itself is: Liquidate all those hard, illiquid assets first then see if if I have enough to retire on. That could work. people do it with their house all the time
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