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Reply to "Walk away from $1 million a year?"
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[quote=Anonymous][quote=Anonymous]But what about the poster who says she'd keep working until she paid for all her grandkids college and grad school and bought all her kids a house? Am I a bad person for thinking that that's overkill? My kids certainly don't expect or want that.[/quote] First of all, (s)he's crazy. Nobody has to keep working at a job they hate just to pay for grandkids' education and children's homes. You're in your 50s, you've amassed a lot of money, and if you want to call it quits that's a perfectly fine choice. Also, to be totally clear, if you've got a $5.8M NW and you're in your 50s and you'll start drawing on your nest egg at $200k/year, then in all likelihood you will die with a large amount of wealth to pass on to your kids/grandkids when the time comes. But nobody should count on that of course.[/quote]
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