Anonymous
05/01/2014 01:31
Subject: How much is enough in the bank to stay at home?
[quote=Anonymous]
Frankly I think a TON of people that act like they couldn't stay home could. It is just about priorities. [/quote]
+1
Frankly I think a TON of people that act like they couldn't stay home could. It is just about priorities. [/quote]
+1
Anonymous
04/20/2014 19:19
Subject: How much is enough in the bank to stay at home?
Anonymous wrote:By dcum standards you need at least 25 million
+10000 to have a SAHP and to retire at least 100 million.
This is why there is another thread about working until you drop dead.
Anonymous
04/20/2014 19:11
Subject: How much is enough in the bank to stay at home?
By dcum standards you need at least 25 million
Anonymous
04/20/2014 19:09
Subject: Re:How much is enough in the bank to stay at home?
Anonymous wrote:OP here: No question I would be dipping into principal and that is my problem. Let's say the amount is $5 million as a round number. It actually "throws off" "only" $100k a year in cash, the rest is a fairly complicated reinvestment strategy that I won't touch. Again, my spouse's salary is pretty minimal but pays for insurance and allows retirement savings. So not only am I dipping into principal, but also forgoing hundreds of thousands in retirement savings.
Who cares? You aren't going to need those hundreds of thousands in retirement. By most standards, you are more than set for life. Retire now if that's what will make you happy. Even if it "throws off" only 100k per year, you could live on that without touching the principal, especially if your DH keeps working.
Anonymous
04/20/2014 18:35
Subject: How much is enough in the bank to stay at home?
I've been a sahm for many years. When I had my first dh made 40k we made it work. We don't live in dc but in a much cheaper part of the country. It's all about priorities.