Background: I have Stage 4 colon cancer. It's currently under control and I expect to live 2-5 more years. I'm preparing for worst-case scenarios. I have a will, 401k, life insurance, emergency fund, and no debt. (This is just background, my life is very stable for now and I'm a generally happy guy.)
Investment: I have $130k to invest after selling my house. I'm considering putting it into Wealthfront at a conservative risk level.
Starting as a neophyte I read a lot of /personalfinace and /investing, and then "A Random Walk Down Wall Street". I now feel like I know enough to ask basic questions, but not enough for my specific situation.
The worst-case scenario would be paying for healthcare/end-of-life expenses in the next 2 years. I have great medical coverage for now through work, if I lose my job I can afford COBRA until I get SSD. My partner works in assisted care and we know all to well how people can burn through money at the end of their life. Without a major catastrophe my hospice/death won't be a major expense, but shit happens.
I'll spend about $30k over the next year on some big expenses: wedding, new (used) car, new roof on the house...may be a nice funeral!
The best-case scenario is that we don't have to touch the remainder, and it will go to my awesome and supportive partner.
Question: it sounds like I can withdraw money at will from Wealthfront for whatever I need down the line. Is there anything important I haven't considered? Is a robo-investment firm a good idea for my situation, or would you recommend something else?
Thank you for your input.
Submitted July 26, 2017 at 04:10PM by dmoted http://ift.tt/2vJUvuq
