We never imagined this type of catastrophic financial issue. It will be a battle to get any reimbursement from insurance.
We can cut our lifestyle to barebones, and hopefully come up with a decent portion of it each month. The rest comes out of savings & investments. We don’t intend to touch our retirement fund unless things go from really bad to worse.
Some issues I’m struggling with: should we sell the investments first to come up with the shortfall, or use the cash and hope the investments increase in value before selling? Should we halt our 401k contributions (we are right at age 50 with $900k in 401k). No debt other than mortgage. Semi-recent cars. I have thoughts on this, but I am aware I am WAY too close to this issue and need outside perspective.
Submitted August 24, 2019 at 08:29PM by Samaeq https://ift.tt/2Zk8wAL
