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Re: Nothing to fear but fear itself.............
Old 08-17-2004, 05:45 AM   #41
 
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Re: Nothing to fear but fear itself.............

Quote:
A major medical catastrophe would do us in, but the odds are pretty good that we'd muddle through and survive intact until medicare kicks in. Regardless of what happens, I refuse to build my life or live my life around health care.
I'm with you on this one Bob! - Right now we have health ins. thru my wife's employer, and every year they cover less and less.

In fact the only health Insurance coverage that I'm interested in, is one that would protect against a major medical event, until medicare kicks in. Have you checked the prices for such a policy for 2 with say a 5K or 10K deductable?

Bob - You seem to be becoming quite the night owl
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Re: Nothing to fear but fear itself.............
Old 08-17-2004, 09:44 AM   #42
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Re: Nothing to fear but fear itself.............

I appreciate all the discussion. I agree with the majority of all points raised. I should have asked if I need to do more legally like trusts, FLP etc. for protection. This may have been discussed and being new I have missed it.

Probably missed this too...any crystal ball predicting how a nest egg will manage when boomers start cashing in their assets to live on?
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Re: Nothing to fear but fear itself.............
Old 08-17-2004, 10:32 AM   #43
 
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Re: Nothing to fear but fear itself.............

I use my home also as an Ace in Hole , so to speak.

Currently it is valued at $520K. If I ever needed some extra cash down the road, it would generate about $140K immediately/lump Sum on a reverse Mortage.

It is not part of my main retirement plan, but the option is there just in case.
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Re: Nothing to fear but fear itself.............
Old 08-17-2004, 11:43 AM   #44
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Re: Nothing to fear but fear itself.............

Quote:
Have you checked the prices for such a policy for 2 with say a 5K or 10K deductable?
Cut-Throat, none are available to me yet. My choices are limited to low deductible and the only way I can reduce the price is to go with an HMO. That might be what I have to do eventually, but in a rural area it's risky - it essentially closes the door on going to a major medical center such as the Mayo Clinic. But I'm hoping the employer will get with it and offer a high deductible plan before long. Otherwise I'll have to downgrade.

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Bob - You seem to be becoming quite the night owl
I'm loving ER so much that I get less sleep now than I did when I worked. The days are far too short to do all I want to do!
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Re: Nothing to fear but fear itself.............
Old 08-17-2004, 02:17 PM   #45
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Re: Nothing to fear but fear itself.............

If the sun does burn out, I hope it happens before the next ***** post. I'm way behind on my reading and I don't see how I can afford the time required to get through it.
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