Reply to Would you retire with a NW of $10m?

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Reply to "Would you retire with a NW of $10m?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s just weird that retiring on $10 million is even debatable- but it is. We have more than that and don’t feel particularly wealthy. We live on .02 percent of our assets and, while that is certainly comfortable, we don’t live large. We have kids with young families spread across the country and spend a huge part of our budget on travel to see them and hosting  family trips. We do that on less than 300k.[/quote]

I say this with kindness, You have a mental issue [/quote]

Agreed.

For the op, I think you have enough money i just would feel uncomfortable not having something that generatese income while I have small kids.  Kids get more and more expensive as they get older.   The daycare years are rough but we have found between sports, extracurriculars and health care we spend more on our older kids than our preschool aged children.  It's just not monthly and required like daycare.  Regarding healthcare older kids seem to always need something that's only partially covered, like care after a sports injury, braces or they want something like a trip to Europe through school.  I wouldn't want to say no to those experienced because I'm on a fixed income ans chose to retire early.

I would definitely go part time or monetize a hobby in your scenario.[/quote]

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