OK, new theory. I am 39 with $250K saved in money mkts, own half a business that I work my tail off in but makes about $300k/year for me. New idea is to sell my half to my partner for 250-300K and take the half million. Retire early, draw out 27K a year, get a "fun" job making 30K a year and live my life with no stress in partial retirement. Any thoughts?
Oh, and I will get a large inheritence when I am approximately 58 that will set me up for life. Main concern is capturing and enjoying the next 20 years.
Your thoughts are wanted. Am I crazy.
One other note, my business is a very stressfull, 12 hour a day, high turnover business that isn't much fun to go to anymore. Or perhaps I work one more year and tough things out for another 200K in savings.
- Shab
Oh, and I will get a large inheritence when I am approximately 58 that will set me up for life. Main concern is capturing and enjoying the next 20 years.
Your thoughts are wanted. Am I crazy.
One other note, my business is a very stressfull, 12 hour a day, high turnover business that isn't much fun to go to anymore. Or perhaps I work one more year and tough things out for another 200K in savings.
- Shab