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Maybe not the retirement so much, but a medical issue can easily lead to bankruptcy, even when you have seven figures in assets.
by scarmig 8y ago
Maybe 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.