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Reply to "How much is enough in the bank to stay at home?"
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[quote=Anonymous][quote=Anonymous]OP here: No question I would be dipping into principal and that is my problem. Let's say the amount is $5 million as a round number. It actually "throws off" "only" $100k a year in cash, the rest is a fairly complicated reinvestment strategy that I won't touch. Again, my spouse's salary is pretty minimal but pays for insurance and allows retirement savings. So not only am I dipping into principal, but also forgoing hundreds of thousands in retirement savings. [/quote] 1) Whose inheritance? 2) What is your DH's opinion? 3) Have you considered having DH be the sahp since you earn 2x his salary? What stresses do you currently have at your job? What stresses does your DH? Is part time an option for either you or DH? How old are your children? Did they inherit anything too? Do you need to stay in the area? For $100k a year, both of you could sah and live in a lower COLA area just fine. Think university towns. [/quote]
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