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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here - we have never really had a financial planner.  I am always skeptical especially since they probably want to manage your assets.

My wife doesn't really want to "budget" either.  I have asked several times in the past but it's gone nowhere (like other than a very basic budget with a few line items).  It's not going to happen so i don't ask really anymore.

But she's not a huge spender.  that's kind of her version of a budget.

[/quote]

She's not a huge spender but she wants to spend 700k/year?

Is this a troll at this point? [/quote]

well, spend the after tax amount of 700k.

she doesn't spend that now.  she wants to spend that.  we save money.  that's how we got 9-10mm.

essentially she wants to spend an extra $50-100k a year.

housekeeping each week instead of every week
dropping off all laundry
drinking $100 bottle of wine instead of $40
getting a massage 2x a month
taking an Uber more often.
Nicer clothes.

stuff like that.  [/quote]

Your math isn't quite mathing here.  Which is why you should consider seeing an accountant or similar.[/quote]

can you explain?[/quote]

The things you are describing do not add up to 100k.

At your income level, it's also not clear where your existing money goes (unless you have some very high debts or expenses somewhere) based on the lifestyle you're describing.

The 9 to 10 million you have currently saved should be itself generating hundreds of thousands of dollars a year, like in a high.yield sayings account at 5% that's 500k/year just from what you have already saved. And that's a not a terribly good return.

But to be super clear you shouldn't be listening to me, I'm a rando on the internet. [/quote]

they add up to less than 100k.  it's an example of things we discussed.

yes the 9-10mm generate returns, that's how the pot grows until we retire.

350k post tax goes away very quickly if $10k in rent, vacations, going out to eat etc.[/quote]

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