[jhv48]

I watched my dad scrimp and save his whole lifetime (he was raised in the Great Depression years and had to scrounge for whatever he needed). He is now worth a bundle and aside from travelling all over the world many times over, has rarely indulged himself. To him, money in the bank is security. He intends to pass it all down to his heirs.

I am from a different school of thought. I am part of the "you can have it all" generation, and believe that as long as you have put enough away for your retirement years, you have the right to enjoy the fruits of your labor. I also plan on accessing my home equity via a reverse mortgage should I need the money in my home to survive comfortably in my golden years. My house is a giant piggy bank, and as long as it is used wisely, can be a great source of security.

My family has been well provided for with life insurance. If I have spent every last dollar in my estate, they will all have a healthy amount of money to pursue their dreams, and it will be 100% tax free (unless the Dems decide to tax life insurance proceeds to help balance their outrageous spending).

So, if you have met all your financial obligations and choose to borrow the funds to buy/build a Cobra, have at it. It is your money after all.