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Reply to ""$5 Million is a Nightmare... the Poorest Rich Person in America.""
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[quote=Anonymous][quote=Anonymous]It all depends. DH and I are dual lifetime gs-15 feds and will retire around 60 with an annual pension of about 150,000 per year plus whatever social Security adds to that. We have a net worth of around 4.5 million now (7 million including equity in two houses) and we will inherit 5 million from one set of parents, putting us pretty squarely in this zone. We aren’t big spenders and my kids all understand that they don’t stand to inherit the way I will, but DH and I feel like we are in pretty good shape. The pension helps because we have no mortgage and our annual expenses outside of kids’ education and enrichment is less than $100,000 a year in primarily travel, entertainment, and home costs. But no, I don’t feel too badly for myself and I certainly wouldn’t want to have less money. [/quote] $12m and the pension “helps”? Poor poor you. [/quote]
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