Reply to Would you retire with a NW of $10m?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would absolutely retire with a NW of $10m. I can live comfortably at a $300k annual income, which is a conservative withdrawal rate. [/quote]

Similar situation with similar aged kids. I wouldn’t. Heath insurance is an issue. [/quote]

With $10MM NW, you really don't think a family can just buy health insurance? Why not?[/quote]It adds significantly to the annual budget. [/quote]

But not really.  Of course, OP indicated they receive health insurance even if they were to retire today.

I still don't understand why anyone thinks $20k - $30k per year for health insurance is much of an issue with a $10MM net worth.  [/quote]

+1. Especially because unlike a PP I don’t actually need $300k a year once I am no longer paying a mortgage and saving for college and retirement. [/quote]

We own our two homes outright.  But Proptery taxes on our 2 homes are 33K currently (total), so 33+25 is $58K just for those two items.  Add in maintenance, HOA fees, utilities, streaming, etc the costs for healthcare and to maintain our two homes would be $120K/year.  We haven't eaten, drank, done anything or driven anywhere or paid our auto insurance or travelled.  
So just starting with that we would need $250-300K to live how we want for retirement.  So healthcare (that didn't include costs other than premiums) is 10%+ of our expenses.  [/quote]

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