How much should you have saved up for retirement by age 65? Especially if you only save money in a 1% savings account.
Asumming $80-100k retirement income.
Kids are self sufficient and require no inherentance.
Let's assume two scenarios of one not requiring any major major health concerns, and another with a full time hospice nurse / assisted living.
Moving to Florida or another no state tax state is okay too.
Asking for a friend.

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Posting as :
works at
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$10,000,000.

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I would talk with your financial advisor, but IMO 3-6 months liquid cash would be a great idea. Everything else should be payable from your retirement income, but this will let you cover any unexpected expenses immediately.

In your case $24-50k seems reasonable to have in savings.

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