 Quote:
Originally Posted by paddler
jdw, the 400K in retirement plans and 500-600K in company equity is not part of the 1.1 million. Our living expenses average 10-11K/month, and I would expect that to continue for at least another 10-12 years, until our kids were on their own.<snip>.
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paddler -- what do you expect your living expenses to be in 10 yrs once you no longer have mortgages and your kids are "on their own"? If I was you I would focus on answering this question before making any decisions...
The way I see it, you have about $2M today and are planning to grow that at $8k/month while working part time. I did not run numbers or make any complicated assumptions, but seems that today you can generate about 45% of your income needs and it seems likely that in 10 yrs you may be able to support about 2/3 of your current lifestyle needs. Would that be enough? If so, you can work part time until your kids are established. Alternatively, you may find out that your long term income needs are not as large as originally thought and you can bail out in 5 yrs if you work full time (this would assume larger outlays in the first few years than later on).
Again, I don't know your personal situation or plans, but it may be something worth exploring...
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