White Coat Investor Podcast WCI #283: Preparing Financially for the Unexpected with Dr. Josh Daily
Oct 6, 2022
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From Fatigue To Life-Changing Diagnosis
- Dr. Josh Daily found extreme fatigue and very low testosterone, which led to imaging and discovery of a 2.5x3 cm brain tumor compressing his optic chiasm.
- He pursued opinions, chose total resection, and the surgery removed the entire tumor with excellent neurologic and endocrine outcome.
Update Financial Logistics And Coverage
- Review your financial details immediately and make a specific plan if you face a serious health event so your partner knows account locations and passwords.
- Update life insurance amounts as family size and expenses grow rather than assuming old coverage remains sufficient.
Social Security Survivors Matter
- Social Security survivor benefits can be far larger than many physicians expect and materially supplement term life insurance for minor children.
- Josh calculated roughly $2,300/month for qualifying family members, significantly easing the financial gap after his death.