but you can't 529 without a child... so you're stuck with using traditional vehicles until that time when there is a child with an SSI#.
re: the salary savings, it really is a matter of having enough funds to tie you over at a particular lifestyle until you secure new employment/income. Some people use the simplest formula like required monthly expenses (for some that includes discretionary spending because they have past credit card debt.) Skogafoss and I recalculated it to be our current expenditures and lifestyle for 6 months as we pay off our credit cards 100% each month. This gives us a choice to extend the 6 months to 1 year since we've included all discretionary spending.
Current finance people post 9/11 are now suggesting 1-2 years expenses for savings.
Bakaguru is right, it really depends on your own self and requirements. Health insurance covers your medical expenses, short/term long term disability cover a portion of your wages, but if you don't have those for whatever reason, it can be an expensive and potentially fiscally painful situation to work out of.
We recently took some extra savings and purchased another rental property in order to hedge future values of our 401k values. We would love to buy in Iceland even thought of figuring out how to finance and operate this place. If I recall it isn't far from where you live.
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