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One of the easier ways at least in theory to mitigate cost/risk associated with healthcare cost it to at least maintain part time employment that has benefits. With such a young family there’s a lot of time involved to have issues arrise.
I’d also consider long term care for you and your wife, life insurance as well knowing right now you assets are appreciating well but a fallout could severely compromise you and if retired you might not be able to get insurance if you ran into health issues
One of the easier ways at least in theory to mitigate cost/risk associated with healthcare cost it to at least maintain part time employment that has benefits. With such a young family there’s a lot of time involved to have issues arrise.
I’d also consider long term care for you and your wife, life insurance as well knowing right now you assets are appreciating well but a fallout could severely compromise you and if retired you might not be able to get insurance if you ran into health issues
These are excellent points to consider. One variation: are you in a career where you can become an IC and set up your own business. I mention this because you own a lot of stock in TSLA. If the stock takes a 20% or 30% downward turn, are you really going to watch that gain dwindle down and not sell a massive chunk, just to save a little bit on insurance? With your own business, you'll have the ability to invest in an HSA. And you can contribute to a SEPIRA, Roth IRA...hire you family to work for you, and now there's money to put into a Roth IRA for them. Or go with the part-time route, and don't worry about becoming an independent contractor. Either way, I think meeting with a CPA to discuss tax implications, primarily with your massive unrealized gains, is important.
Another point for me I would be aware of the ACA subsidy but I wouldn’t let that make investment decisions for me. I think there is a larger downside to equities declining vs losing a subsidy
I think you should keep working. I don't really want to subsidize your health insurance considering you are capable of working and have a net worth north of $3m.
I think you should keep working. I don't really want to subsidize your health insurance considering you are capable of working and have a net worth north of $3m.
I don't care what you want. Now I might just do it earlier out of spite
I don't care what you want. Now I might just do it earlier out of spite
No doubt you will.
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