urn2bfree
Full time employment: Posting here.
- Joined
- Feb 14, 2011
- Messages
- 852
I have been talking with my spouse about FIRE as it seems from what I can tell that we are closer than I thought possible to FIRE--but she asks some reasonable questions about budgeting in ER...
among her concerns are:
What if one of our kids ends up not being able to support himself?
What if one of us needs long term care? Long term care insurance seems a pretty dicey field to me...I would hope to be able to self-insure against that.
How much is enough to budget for the increased travel?
and the tricky metrics are that these things are somewhat mutually exclusive...if one of us needs long term care- there goes the expansive travel plans for at least one of us (probably both)
How do people factor in these contingincies without planning so much for rainy days that you can't ever go out and play at all?
among her concerns are:
What if one of our kids ends up not being able to support himself?
What if one of us needs long term care? Long term care insurance seems a pretty dicey field to me...I would hope to be able to self-insure against that.
How much is enough to budget for the increased travel?
and the tricky metrics are that these things are somewhat mutually exclusive...if one of us needs long term care- there goes the expansive travel plans for at least one of us (probably both)
How do people factor in these contingincies without planning so much for rainy days that you can't ever go out and play at all?