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Reply to "People with $5M+ NW, why do you still choose to work?"
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[quote=Anonymous][quote=Anonymous]Retired people generally are: - Relatively old - Have similar aged retired people to hang out with - Have kids that are grown up and moved out - Feel content in what they've accomplished in life Unless those things are true it's pretty unpleasant to retire. We're late 30s with way more than $5M, but what would we do with our time if we retired? We're relatively young, our kids are still in school for 10+ more years, and our friends all still work. We also feel like we can do interesting things in our jobs and get paid a lot of money for it. So we both continue to work. Also fwiw $5M is not very much to stop working at an early age. The Trinity study wasn't looking at 50 years of retirement, and a family of 4 living on $150k is not much when you consider that most people who reach $5M before retirement age probably made a lot more than that.[/quote] $150,000 after tax guaranteed with a paid off house is not tough to live on comfortably, even in a HCOL area, unless you've got 2+ kids in 60k/yr private schools. [/quote]
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