Early 30s ~$800k - can you live the rest of your days? (register, retirement plan)
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Location: Formerly Pleasanton Ca, now in Marietta Ga
10,351 posts, read 8,569,440 times
Reputation: 16698
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Quote:
Originally Posted by Lowexpectations
You do understand that the ACA max out of pocket isn’t the same thing as your maximum cost right?
Looking up the cost for a 55 year old today is fairly meaningless as your budget point for something 20+ years down the road as the out of pocket max has risen roughly 5% a year over the last four years. In 20 years the family max aca out of pocket would be 42k annually at that rate
I’m not sure what you are referring to. Again you don’t need to fabricate things to discuss or argue against
You're wasting your time as I am too. So many have tried but pinwheel eddie will just ignore it because if he didn't, he would have to acknowledge the multiple faults he has presented.
It's hard for him to keep track of all the baloney he has posted, so it's easier to just act as if he never heard of it or deflect onto something else. Sadly for him all his posts are still here and he can't go back and delete the ones that shoot him in his foot.
You do understand that the ACA max out of pocket isn’t the same thing as your maximum cost right?
Looking up the cost for a 55 year old today is fairly meaningless as your budget point for something 20+ years down the road as the out of pocket max has risen roughly 5% a year over the last four years. In 20 years the family max aca out of pocket would be 42k annually at that rate
I’m not sure what you are referring to. Again you don’t need to fabricate things to discuss or argue against
In a SHTF health scenario 20 years from now we COULD pay $42k/year toward health costs.
I’m not sure if 99% of my fellow citizens could though.
I will mention though....
A bonus of extreme early retirement is that you always get enough sleep, there’s no work stress and you have plenty of time to focus on your health and happiness.
How do we put a price on THAT?
How do we put a price on always being available to help, console, cheer for and guide your children?
How do we put a price on always being available for your significant other?
As another poster mentioned, humans kinda suck at risk assessment.
Last edited by eddiehaskell; 12-31-2019 at 02:58 PM..
You're wasting your time as I am too. So many have tried but pinwheel eddie will just ignore it because if he didn't, he would have to acknowledge the multiple faults he has presented.
It's hard for him to keep track of all the baloney he has posted, so it's easier to just act as if he never heard of it or deflect onto something else. Sadly for him all his posts are still here and he can't go back and delete the ones that shoot him in his foot.
You’re understandably frustrated. My retirement philosophy is essentially bulletproof.
Now without bloviating too much, please list your top 3 reasons that my retirement plan won’t work. THIS is your opportunity to sink my ship.
But you haven't given any details on your plan so how would a 20 year old follow your "words" so they can retire at early 30s? That is what is so frustrating to me in your thread, there is no detail to your plan.
And if I'm just answering the question in your thread heading, my answer is no.
In a SHTF health scenario 20 years from now we COULD pay $42k/year toward health costs.
I’m not sure if 99% of my fellow citizens could though.
I will mention though....
A bonus of extreme early retirement is that you always get enough sleep, there’s no work stress and you have plenty of time to focus on your health and happiness.
How do we put a price on THAT?
How do we put a price on always being available to help, console, cheer for and guide your children?
How do we put a price on always being available for your significant other?
As another poster mentioned, humans kinda suck at risk assessment.
We aren’t talking about shtf scenarios. You believe you have it all figured out and I have no reason to believe that’s accurate. Best of luck to you and your family
But you haven't given any details on your plan so how would a 20 year old follow your "words" so they can retire at early 30s? That is what is so frustrating to me in your thread, there is no detail to your plan.
And if I'm just answering the question in your thread heading, my answer is no.
Work, live below means, save, buy home, hit a certain number, retire.
We aren’t talking about shtf scenarios. You believe you have it all figured out and I have no reason to believe that’s accurate. Best of luck to you and your family
I would call $42k/year on health cost at 55 to essentially be a SHTF scenario.
Why do some people have to declare bankruptcy due to medical costs then?
Because median net worth for age 55-64 is around $164k?
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