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Reply to "Why wouldn't you retire on $5M?"
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[quote=Anonymous][quote=Anonymous]Why aren't we walking about the fact that 5million is more like 17K a month? Even after taxes, it would be more like 12-13K or even more depending on how the money is structured.[/quote] So the 12-13K isn't "a lot" if you consider what advanced care/memory care/nursing care will run you for 2 people. If you spend all of that you could be in trouble if you need more than a few months of advanced care. And given that my older aunts and uncles and grandparents all required "advanced care" for 4-5+ years (some made it 10+), I'll plan for that [/quote]
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