Hey guys, I've been lurking around these forums for a bit and figured I'd start a new thread and see if there is any advice for my situation. I'm currently 34 and blessed to be in a position that I should be able to comfortably retire without too many financial worries. Important details: 6.4M in taxable accounts, 100K in 401k, 3.5M (after-tax) in equity in the next 500 days, married with one kid, 450K/yr income for the next 4 years if I stay; 1.1M house mortgage free. Current portfolio is throwing off 180K/yr mostly tax free (munis). Spending can easily be contained at around that number, but wife will continue to work for her awesome health benefits.
I've done the whole FIRECalc thing about a million different ways and it usually comes out with a greater than 97% success rate calculating for 50 years; I'm likely not going to live nearly that long due to some serious health problems BUT I figured I should plan for it anyway. My worry isn't necessarily about money, its actually more about what a young guy like me who is healthy enough to enjoy life (for now) does in "retirement".
I've always been a work-o-holic as long as I can remember, 60-80 hour weeks were the norm for me and I *LOVED* it; mainly because it was either in a field where I was constantly learning and applying new skills, or I was building my business that I ultimately sold that (which made me my retirement stash). But now I'm working for a MegaCorp and it is driving me insane, all I do is think about how to get out and "retire". For me right now, retirement is the escape from having to deal with MegaCorp and all of its associated BS. I'm stuck there for another 500 or so days so I can vest the majority of my remaining equity, but I have enough right now according to firecalc that I COULD just walk away and ride off into the sunset. DW keeps telling me to just do that, but its very hard to leave high 7 figures on the table.
I guess what I'm asking is for some ideas from any other young retiree's, what do you do with yourself now that you retired? Did you go back to "wo*k"? Would you leave NOW, or would you stay until you got what you were owed?
One last bit of information about myself, the doctors just took away the one good idea I had for retirement; racing cars. So now I'm desperately trying to find something else that excites me enough that I can tell MegaCorp goodbye.
I've done the whole FIRECalc thing about a million different ways and it usually comes out with a greater than 97% success rate calculating for 50 years; I'm likely not going to live nearly that long due to some serious health problems BUT I figured I should plan for it anyway. My worry isn't necessarily about money, its actually more about what a young guy like me who is healthy enough to enjoy life (for now) does in "retirement".
I've always been a work-o-holic as long as I can remember, 60-80 hour weeks were the norm for me and I *LOVED* it; mainly because it was either in a field where I was constantly learning and applying new skills, or I was building my business that I ultimately sold that (which made me my retirement stash). But now I'm working for a MegaCorp and it is driving me insane, all I do is think about how to get out and "retire". For me right now, retirement is the escape from having to deal with MegaCorp and all of its associated BS. I'm stuck there for another 500 or so days so I can vest the majority of my remaining equity, but I have enough right now according to firecalc that I COULD just walk away and ride off into the sunset. DW keeps telling me to just do that, but its very hard to leave high 7 figures on the table.
I guess what I'm asking is for some ideas from any other young retiree's, what do you do with yourself now that you retired? Did you go back to "wo*k"? Would you leave NOW, or would you stay until you got what you were owed?
One last bit of information about myself, the doctors just took away the one good idea I had for retirement; racing cars. So now I'm desperately trying to find something else that excites me enough that I can tell MegaCorp goodbye.
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