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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][quote=Anonymous]Because we want $10m to retire.[/quote] Why? Give us an outline of your retirement plans and why you need that much to achieve them, then explain why those plans are so important and desirable that they're worth giving up more of your prime years working to achieve them. I'm genuinely curious. After all, time is limited--for all of us.[/quote] do: we had $10m at 45, but kept going because we wanted to. Stopped at 55 once we hit $35M+. Now we have more than enough. But 10m at 45 isn't that much when you have 2 kids to attend college and grad school and you have 20 years to pay for health insurance --$1m will go to healthcare alone in 20-25 years (based on current plans in my area). 10m at 65 isn't very different than at 65+. Yes time is limited but if you enjoy your job retiring before kids are out of house is not usually on the books. [/quote]
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