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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m in similar situation as OP.

Net Worth almost 10 million, mid 50s.

Military retirement, VA disability, dividends from taxable accounts last year were $95,000.

But we have zero debt and sons done with college.

So, for us, we are retiring early and enjoying life while we are young and healthy.   We will never spend all of our assets. Will pass to our children and alma mater. [/quote]

Wow, our military retirement is $15K a year.  The difference with you is you get tricare.[/quote]

I was unclear.

Yearly military retirement $84000
Yearly VA Disability $25000
Yearly taxable dividends $95000

This is what we are living on until we turn 59.5, then can tap into our retirement accounts.

The key for us is no debt.

Highest categories of expenses in retirement are insurances and taxes.

[/quote]

Wow, that’s crazy.  So unfair the differences in retirement pay.  [/quote]

Huh?

It’s all public record.  Your retirement pay is based on rank, number of years of service.

There’s nothing unfair about it.  [/quote]

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