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Reply to "Would you retire with a NW of $10m?"
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[quote=Anonymous][quote=Anonymous]i would retire after the kids are through college. whatever your NW may be, I'd get them through that phase.[/quote] I don't understand this sentiment, nor do I understand the need to pay off mortgage before retirement. If you have a 529 for the kids plus $10M net worth (or even $5M), plus a pension, plus a government health care plan, how could you possibly be worried about not being able to pay for college or be able to pay your mortgage. You probably wouldn't even need to eat into any principle of your $10M to pay for those things. I feel like people, especially in this area, are focused on amassing as much wealth as possible without thinking about what you will really need to have a comfortable and relaxing retirement.[/quote]
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