Originally Posted by LRDave
Offspring (particularly teenagers....)
Unforeseen expenses related to your offspring can be that "punch in the mouth" that Mike Tyson was famously referring to - relative to the otherwise sane plan presented above.
It is always possible to plan ahead...
I have a 6 month old daughter that underwent open heart surgery 2 months ago and is still recovering in the hospital (coming up on 9 weeks and 3 operations)... fortunately, I was prepared with insurance.
I have yet to touch my 401(k).