Despite having a substantial $4 million in retirement accounts and a $2 million home, the Reddit user should be aware of financial risks, particularly underinsurance and lack of diversification. The financial landscape can be daunting, and as they approach retirement, having a financial advisor may provide necessary insights and direction. It's essential for retirees, even those financially secure, to prioritize growth and stability for their nest egg and to remain mindful of future healthcare costs.
This Reddit user has a fortune to retire on. But they seem underdiversified and potentially underinsured.
A financial advisor seems like a must for this soon-to-be retiree as they put the finishing touches on a huge nest egg.
But if you've got more than enough, you can and probably should be more cautious so that one's nest egg isn't only built to last.
Being better prepared for hefty health-related expenditures.
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