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Reply to "Walk away from $1 million a year?"
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[quote=Anonymous]I am not going to read through everything because my computer is acting up and it is too slow going, so forgive me if I am repeating what others have said. Spend the next year [i]acting[/i] as though you only have $200k a year (minus taxes). Set your budget for $144k ($12k a month) for everything (allocating the increased amount you will have to spend in insurance to a separate savings fund and any addition travel spending you plan on when you retire). Then, try to see if you and your partner can live on it reasonably. If you find that you can and it is easy, then you can retire (and have a little larger nest egg from the saving of the previous year). If you find that you can't. Then you can see what your true level is and set your savings goal based on that. I would pay off the house for the mental health benefits it would bring me, it would also get you closer to the $200k ($144) spending ceiling. [/quote]
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