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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] Who cares? You aren't going to need those hundreds of thousands in retirement. By most standards, you are more than set for life. Retire now if that's what will make you happy. Even if it "throws off" only 100k per year, you could live on that without touching the principal, especially if your DH keeps working.[/quote]
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