25 years out you can only make a wild guess about health care expenses. You can also only make a wild guess about how much you need to save for living expenses. Deal with it.
Seriously- think about it as a system. We have a health care system that delivers decent care to most of the population. Barring disasters or scifi-ish events most people will still be able to access health care. Otherwise the people employed in the medical industrial complex get laid off, go on welfare, etc. etc. and the economy collapses.
The thing is to just stay on the right side of the bell curve for retirement savings. Then your outcome is likely to be better than most and most will do OK. This will not require living in privation and saving 80% of take home pay.
Also, it doesn't hurt to eat right and exercise.
Seriously- think about it as a system. We have a health care system that delivers decent care to most of the population. Barring disasters or scifi-ish events most people will still be able to access health care. Otherwise the people employed in the medical industrial complex get laid off, go on welfare, etc. etc. and the economy collapses.
The thing is to just stay on the right side of the bell curve for retirement savings. Then your outcome is likely to be better than most and most will do OK. This will not require living in privation and saving 80% of take home pay.
Also, it doesn't hurt to eat right and exercise.
Statistics: Posted by adamthesmythe — Mon Feb 19, 2024 12:24 pm — Replies 16 — Views 1004