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Reply to "High NW People - tell me about your retirement"
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[quote=Anonymous]Unless you’re being careless with your money, anyone can retire on $10 million at 55. It’s all about the lifestyle you want, but any reasonable person could do it. No need to overthink this. In fact, I retired with $5 million at 53 and have no regrets. My NW is higher today than when I retired. Earlier, someone quibbled with another poster about including home equity in NW. Of course, it’s NW. Equity can be liquified with a HELOC or a move to a less expensive home or location. When we retired, we liquified $1.2 million when we sold a $2 million house near DC and bought a $800k house elsewhere in VA. As others have said, the biggest issue in retirement is finding a new schedule. Half of you day can easily be consumed by daily exercise and the typical errands. The rest of your time may eventually beg for structure and meaning. What will your life amount to after 30 years of leisure? For many, it may not matter, but it bugs some of us. [/quote]
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