Reply to High NW People - tell me about your retirement

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[quote=Anonymous]I’m 55 and have a NW of about $10 M and am thinking about retiring soon. But I don’t know what that really looks like. SAH spouse, kids finishing up in college. Most friends have no plans.

I’m in a FT job making $275,000. It’s hard to take much time off, but I could get a little more flexibility on vacation, so might not quit work right away and see how it goes to taper off. So maybe stop in 1-3 years. Income from investments would be about $250,000 -$300,000 before any SS. We’d have to buy healthcare and would do some travel but not that luxurious.

We like our suburban DC house, don’t really want to move away now. We’d like a vacation home if I could get more time off. Probably something with a view, vacation homes seem to be in the $1.5-$2.5 range. Torn between a few locations that we like, various distances from here.

If I stopped working altogether we could move in a few years, but not sure where. Maybe closer to a kid if they’ve settled somewhere.

Please share how you’re doing it. [/quote]

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