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2,751 hits 2.3 (3 votes) Share Favorite | Flag 8 years ago by Raisinman

If you (and your spouse) lost your job today, would you have enough assets (money in the bank, home equity, stock ownership, etc) to cover your basic living expenses for at least 3 months?

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8 yrs ago, 9 mos ago - Friday 2/15/13 - 9:41:51 PM EST (GMT-5)
Aka, are you, like 44% of Americans, in asset poverty?
8 yrs ago, 9 mos ago - Friday 2/15/13 - 9:57:40 PM EST (GMT-5)
I could keep going for 5 years.
8 yrs ago, 9 mos ago - Saturday 2/16/13 - 12:32:44 PM EST (GMT-5)
5 years? That's impressive for someone your age. Really, of any age.
8 yrs ago, 9 mos ago - Saturday 2/16/13 - 12:48:04 PM EST (GMT-5)
I'd be throwing away all my investments to do so. Not intending to touch 90% of that money anytime soon.
8 yrs ago, 9 mos ago - Saturday 2/16/13 - 5:20:46 PM EST (GMT-5)
Nope. I'd become a vagabond. Which is ok with me.
8 yrs ago, 9 mos ago - Sunday 2/17/13 - 10:31:14 AM EST (GMT-5)
im not married or anything, but i probably could keep myself steady
8 yrs ago, 9 mos ago - Monday 2/18/13 - 6:59:00 PM EST (GMT-5)
I could probably go a year or so without scaling back any. But it would completely deplete everything except my retirement accounts.

Which sounds great and all, except there's a decent chance I live to 90-something and even if I retire late, like 70 or 75 that's still 15-20 years of living expenses to save for. And expensive living too, I'm sure medical care will be through the roof.

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