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Reply to "Anyone else as irrational, have 18 M net worth but want to keep working "
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[quote=Anonymous]I had an epiphany the other day. I’m a government worker and in my late 50s. Given the instability I keep freaking out about “what’ll I do if my job goes away”. I was listening to another retirement spiel and then it hit me - pretend like whatever you have in cash/investments today is the baseline. That’s your “principal” Project a modest return on investments, like 4-5 %. That’s the “interest” I ran my numbers and they’re way less than yours - when I added my pension to social security and the interest, I’m just fine and never have to touch the principal. Can you live off of your interest? It’s not a novel concept, but I never really framed it that way. I’m pretty sure you can live off of your investments.[/quote]
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