Travel4Fun
Dryer sheet wannabe
- Joined
- Jun 14, 2009
- Messages
- 16
Hi all,
I think I have a pretty good handle on most of the money side of retiring, but am struggling a bit with one thing.
Before FIREing, I will have a separate emergency fund set aside. This will primarily be LTC "insurance", since most smaller emergencies can be covered out of planned income.
Given
Thanks for your thoughts.
I think I have a pretty good handle on most of the money side of retiring, but am struggling a bit with one thing.
Before FIREing, I will have a separate emergency fund set aside. This will primarily be LTC "insurance", since most smaller emergencies can be covered out of planned income.
Given
- FIRE age of late 50s
- income (pension/SS/savings) can cover about 30% of annual LTC costs in the "worst" case where both of us are still alive
- good medical insurance
- house with current value of $400k (can be sold for emergency funds if required)
- no withdrawls from emergency fund expected unless required for LTC (and hopefully not for at least 15-20 years)
Thanks for your thoughts.