cbo111
Full time employment: Posting here.
- Joined
- May 20, 2014
- Messages
- 979
This may have been discussed in an earlier post, but I was thinking about what factors other folks used when coming up with "their number"; dollars needed for ER. Five years ago while doing final planning to execute my ER, I decided to add a $200K planned expense for family members who get financial distressed. We have several relatives that I am pretty sure will be hurting for cash when they choose to, or are forced to retire. This $200K number may be excessive, or maybe I am kidding myself and actually need to plan for twice that much. Hard to know.
Any thoughts on what you planned for in this regard?
Any thoughts on what you planned for in this regard?