[quote=flyer]We’ve been extreme about saving for retirement, and I tell friends and family that you really want to have a seven-figure retirement plan, (and very careful estate planning) because, as the OP illustrates, health care costs alone will be astronomical. It’s just better to be safe than sorry.[/quote]
Given the estimates of health-care cost increases, social security payout decreases, and the lack of pensions for most of us, I just can’t see how anyone could plan to sustain a basic CA standard of living for 30-40 years with anything less than $1-3M of savings.
