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riskadverse · 03-20-2006, 07:58 AM

"Currently we get about 54K in tax-exempt income and about 22K in taxable income" =76K per year income

"With the 30K of living expenses, 12 of taxes, and 12 of health insurance, we're now up to 54K" = 54K expenses

"we may be paying 4,000 a month in ten years and have about three years to go until Medicare starts (if it's even around in 13 years!)" = 3K additional per month X 12 months = 36K /year
additional expenses

income = 76K *expenses = 90K *shortfall = 14K

$4,000,000 / 14,000 = 285.7 years. *

oh there's lots of things ignored, reduction of principle will cut down income. *Medicare kicks in when you're 65. *The 4M will not increase or decrease. *When healthcare quadruples the goverment won't address the problem. *

I'm trying to imagine a senerio where you will go broke.* *Maybe getting sued or long term health care.* *I think you should look into insurance to protect your nest egg and retire (maybe not in that order) *

03-20-2006, 07:58 AM	#4
riskadverse Full time employment: Posting here. Join Date: Oct 2002 Posts: 715	"Currently we get about 54K in tax-exempt income and about 22K in taxable income" =76K per year income "With the 30K of living expenses, 12 of taxes, and 12 of health insurance, we're now up to 54K" = 54K expenses "we may be paying 4,000 a month in ten years and have about three years to go until Medicare starts (if it's even around in 13 years!)" = 3K additional per month X 12 months = 36K /year additional expenses income = 76K expenses = 90K shortfall = 14K $4,000,000 / 14,000 = 285.7 years. * oh there's lots of things ignored, reduction of principle will cut down income. Medicare kicks in when you're 65. The 4M will not increase or decrease. When healthcare quadruples the goverment won't address the problem. I'm trying to imagine a senerio where you will go broke.* Maybe getting sued or long term health care. I think you should look into insurance to protect your nest egg and retire (maybe not in that order) __________________ Random Reinforcement is Highly Addictive.