I am respectfully concerned your plan is based on a false precision regarding your longevity (especially when two lives are considered) and future cost of living. So you might think about the following:
1. Continue your plan but ramp up slow and respond to market conditions with your portfolio
2. Don't forget the possibility of expensive health care, like cancer drugs costing 20k/month or more that can be effective for a long time and may be underfunded by insurance options.
3. Don't think about Medicaid for LTC, unless you have good familiarity with those conditions and are comfortable with that option. If you opt out of life-prolonging treatment in LTC, you can likely afford good in-home care or a facility that is much more desirable.
4. Not everyone reaches the end of their life suddenly. It is reasonably likely you will see it coming and have time to accelerate giving.
ETA: I am inspired by your post to give this issue more thought myself.
1. Continue your plan but ramp up slow and respond to market conditions with your portfolio
2. Don't forget the possibility of expensive health care, like cancer drugs costing 20k/month or more that can be effective for a long time and may be underfunded by insurance options.
3. Don't think about Medicaid for LTC, unless you have good familiarity with those conditions and are comfortable with that option. If you opt out of life-prolonging treatment in LTC, you can likely afford good in-home care or a facility that is much more desirable.
4. Not everyone reaches the end of their life suddenly. It is reasonably likely you will see it coming and have time to accelerate giving.
ETA: I am inspired by your post to give this issue more thought myself.
Statistics: Posted by desiderium — Sun Oct 13, 2024 11:36 pm — Replies 9 — Views 1020