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Comment by baggachipz

4 hours ago

Same here, I just need to figure out what I realistically want to do. Health care is the primary requirement; enough money to get by and not hit my retirement accounts is a relatively close second.

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baggachipz

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rootusrootus  4 hours ago

I agree, health care is primary. I see a lot of people on the FIRE forums who are young and haven’t really looked into what insurance can cost in the years leading up to Medicare eligibility age. It’s the best argument for working until close up 60.

Personally, I’ve focused on finding a place I enjoy being, rather than optimizing for income and planning to retire ASAP.

  • siren2026  2 hours ago

    Why does everyone absolutely need insurance?

    Nowadays insurance costs upto 5000$/month with high deductibles and plenty of bureaucracy and paperwork.

    I have decided to not get any insurance and negociate directly with healthcare provider (They almost all give you huge discount if you pay cash so they don't have to deal with the insurance backdoor deals). If you FIRE anyways, you should really consider medical tourism and do major procedure abroad.

    Everyone is afraid of a catastrophic 1M$ one time event. I get that. But if you end up paying 50k$/year in insurance cost for 30 years that you could have invested and compounded instead, do you really need insurance? For that one-off event that you could have saved for instead?

    I guess my view is that I'm also ok to have a 0.1% to go bankrupt over this. We all got brainwashed into getting insurance at absolutely any costs. It is clear to me that it is not worth it at the current price.