It boils down too, do you need the money now, all or part. Always look ahead, try to think through what you need, what could happen to need it. Investing large sums of money gains to me was important. It worked well for me in most cases. I had money advisers.
We were doing really well until my wife had cancer at 63. Her bill in 6 months was nearly 1/2 million bucks. We had insurance and I paid about 26,000 in bills from saving. Then came an uninsured helicopter ride to the hospital. 62 air miles cost 64,000 bucks. They were so kind they lowered the bill to 56,000 and said I could make payments or pay in full.
So how much should you keep around somewhere to get hold of saved up money if needed.
I paid off her all her medical bills when due, the Air Ambulance bill took 6 weeks of several phone calls to find out, since the ER ordered it as necessary. It was all covered but 2500.
Moral of the story, if you live, work or play 50 or so miles from trauma centers, get air ambulance insurance is it's available. Myself, I am covered in all of WA, OR, ID and part of MT. cost is 75 bucks a year. That will cover all Air Ambulance costs with 3 air ambulance companies.
We were doing really well until my wife had cancer at 63. Her bill in 6 months was nearly 1/2 million bucks. We had insurance and I paid about 26,000 in bills from saving. Then came an uninsured helicopter ride to the hospital. 62 air miles cost 64,000 bucks. They were so kind they lowered the bill to 56,000 and said I could make payments or pay in full.
So how much should you keep around somewhere to get hold of saved up money if needed.
I paid off her all her medical bills when due, the Air Ambulance bill took 6 weeks of several phone calls to find out, since the ER ordered it as necessary. It was all covered but 2500.
Moral of the story, if you live, work or play 50 or so miles from trauma centers, get air ambulance insurance is it's available. Myself, I am covered in all of WA, OR, ID and part of MT. cost is 75 bucks a year. That will cover all Air Ambulance costs with 3 air ambulance companies.