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CousinIT

(12,627 posts)

10. Yep. A major health issue can wipe you out FAST.

Reply to flvegan (Reply #7)

Tue Apr 14, 2026, 05:32 PM

Tuesday

Yeah, insurance, Medicare, blah blah. But those are not guaranteed or reliable either. And they often have limits, especially with major issues.

Homeowner expenses, disasters, health problems, new cars (?! - god-awful expensive now, even used), etc. etc.

It's just not what it used to be. And you can be wiped out in a NY minute by a disaster - material or health.

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This message was self-deleted by its author [View all] PeaceWave Tuesday OP

In 1950 dollars $1M is inflated from about $75,000 Jacson6 Tuesday #1

And my parents' 3-bedroom house in '63 Igel Tuesday #12

The small house next door sold for about a million GenThePerservering Tuesday #2

I'm guessing this wasn't Umatilla, OR or Igel Tuesday #13

How much of net worth is tied up in home equity? Ilsa Tuesday #3

Yep. Taxable retirement accounts, house, etc. CousinIT Tuesday #11

What percentage of it is the home they live in ? JI7 Tuesday #4

i own 2 homes one inherited and one paid off kimbutgar Tuesday #5

1 million isn't shit these days. CousinIT Tuesday #6

It helps Maninacan Tuesday #8

This message was self-deleted by its author PeaceWave Tuesday #9

"Much of the nation's household wealth sits in retirement accounts" and flvegan Tuesday #7

Yep. A major health issue can wipe you out FAST. CousinIT Tuesday #10