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Thinking to the future

October 10th, 2017 at 09:27 pm

Anyone else use Mint? I just passed a milestone (for now) as my net worth is showing up at 750k+ for the first time. This is kinda exciting but I also know that it's bound to go down too. I have heard rumors about the market correcting itself. I don't expect it to matter that much because I still have a few years to go. Although, I'm trying to get in a planning mode. Every few years I get a little itchy. Right now I feel like I've accomplished much of what I set out to do. I could coast for a bit but I like to have at least some kind of financial goal. I'm still relatively young but I have done well financially. I could look at working part time I think if I could figure out health insurance.

I don't trust the current political environment to think the insurance market is here to stay but something needs to change.

Do you know of any creative solutions for health insurance for those not old enough to retire?

4 Responses to “Thinking to the future”

  1. rob62521 Says:

    The market is something you have to be in for the long haul to make money. It sounds like you are doing well if you have a net worth of over $750K. Well done!

  2. Laura S. Says:

    You could look at Liberty Health Share as a potential solution. It satisfies the ACA requirements. https://www.libertyhealthshare.org/

  3. MonkeyMama Says:

    I've never participated in the employer health insurance system. We just have private health insurance. What kind of options you have will largely depend on where you live (what insurers are located there) and what your health status is (starting with a pre-existing would probably make this option too cost prohibitive). But even if the latter is of concern, I'd still personally meet up with an insurance broker and see what your options are.

    & to be clear, we don't have an ACA plan. We just have private health insurance that is not through an employer. I've not shopped the ACA/marketplace because of all this political nonsense (can't afford to lose my insurance if ACA gets repealed). & the ACA is not geared towards us anyway. (Not like it would help us, so I am not losing out on much at this point).

  4. Tabs Says:

    Congrats on your net worth!

    Yes, I used to use Mint, but now that I have consolidated all of my finances under a single investment company roof, I no longer have to use it. If I should ever branch out to multiple companies again, I will probably go back to using Mint or something like it.

    There will definitely be a market correction. This much is certain. How do I know this? Because it's fairly obvious when you look at the federal interest rates being at a historically low point, lasting for such a historically long time.

    However, how MUCH of a correction, I just don't know, but honestly, I don't think anyone does either. As the often-quote advice goes, I think the easiest thing to do is to simply carry on in your asset allocations. That's what I'm going to do.

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