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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][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] 39. The thing that keeps me going right now is that our youngest child's 529 plan isn't fully funded, but I think I'm going to lump sum my bonus this year into that account. I am a checklist person (maybe to a fault), and this is the last thing I feel like I have to accomplish financially in my current job. Once that's done, I'm going to approach my firm to see if they'll let me cut my billable hours to 1000 annually, but still qualify for benefits including health insurance and 401k. I don't want to sit around and do nothing, but I want to be able to take a month long summer vacation, a 2-week winter vacation, and a spring break and fall break. Perhaps this is all wishful thinking, but now I have the confidence to ask. [/quote] Similar here and also in late 30s. At two million I figured I could either get an easy job and coast to retirement or pack it in and get a townhouse in a lower cost area and live a simple life (cooking, long walks, good books) and be done. I still work but it’s different now. I am working to accomplish goals. Professional and financial and I believe what I do is generally positive for the world. But I’m not worried about losing my job, and if I was just slogging I’d quit. This came about two years ago, markets have been nuts so we’re probably closer to $3 million now but I just let it ride in index funds and check annually.[/quote]
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