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I'd most like to have an existence where I don't worry about being bankrupted by a medical emergency or surviving on cat food once I retire[0]. [0] The cheap c
by scarmig 8y ago
I'd most like to have an existence where I don't worry about being bankrupted by a medical emergency or surviving on cat food once I retire[0].
[0] The cheap cat food, I mean, not the $10/meal cat food that rich Americans buy their pets.
- tristor 8y agoPresumably since you're posting on this site you have a marketable skillset in a high demand field, which means you can enjoy a lucrative career and through making good decisions have significant retirement savings so you can afford to eat normally. Maybe you meant that you want that existence for others, in which case, you might have a point, but I think a lot of the people who have your worries in the tech industry only have them because they live in stupidly high cost-of-living areas like SV.
- scarmig 8y agoMaybe not the retirement so much, but a medical issue can easily lead to bankruptcy, even when you have seven figures in assets.
- marcoperaza 8y agoIf you have insurance—which someone with “seven figures in assets” should—then that is not a risk. Of course, insurance will only pay for so much. At some point of diminishing returns, they will cut you off. Just like any healthcare system in the world will. You can always spend more money for a tiny chance of living longer.
- scarmig 8y agoYou have way too optimistic a point of view on insurance. Yes, you can even be bankrupted while being insured and a paper millionaire.