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Reply to "At what net worth level were you lo longer concerned about losing your job?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]$2m in my personal accounts, which I just hit. "My" accounts means my retirement, brokerage, and investment real estate. This doesn't include home equity, 529 plans or DH's accounts. $2m was my "number" and I feel like I could lose my job or retire now. Yes, we are married and I understand how community property works, but for me, it was more about feeling financial secure as an individual within our marriage or if DH dies or we get a divorce. [/quote] That's really good, what age range are you? Good at any age though.[/quote] DP but same - $2mil but none of it home equity, all "liquid" -- as in brokerage, retirement, cash etc., not a primary home I'd have to sell. I hit it at 40 - later than I would have wanted, esp looking at the numbers here but oh well. To be clear though it means not concerned about losing my job BUT NOT - if I lose my job I would just retire; it more means I could float and look for the right next thing AND be ok taking something that paid less if I really wanted to do it. I think to be at the - lost job and oh well I'll just retire phase, I'd need to be more at $4-5 million and that's without kids; plus I'd need to be at least in my 50s. I know people have tons of interests etc. but sitting home starting at 43 would get old so you'd REALLY have to be traveling the world etc., which I also wouldn't want to do excessively as I'd constantly be looking at that $4-5 million and not wanting to spend it down, though I suppose at those levels, your investment gains exceed your expenses.[/quote]
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