I was definitely being snarky. I find it amazing someone making $500K is as clueless as portrayed in their post. This is also significantly outside our typical "Hi, I am..." type posts. My initial thought (and possibly Ed's) is that this guy is possibly trolling. However, I haven't seen any signs to indicate this so I am probably wrong on this point.
If a true post, the OP needs to get a solid handle on his lifestyle costs and learn about asset allocation. He may actually be one of the few people I would actually recommend that they should see a fee only financial adviser. Before he does this, he needs to read William Bernstein's The Investor's Manifesto and understand where his expenses are. If he truly can't see how he can get by on "only" $240K/yr, he definitely needs to work until he dies.
If you are talking about me, then I take that as insulting. Just because somebody is good at a particular job that is very financial rewarding doesnt mean they are great at actually managing money. Needless to say, my career is all consuming and havent left me with alot of time to focus on money...and quite honestly, ER hasnt come up as a subject for me until recently when I realized I cant do this for 20 more years and would be happy just hanging it up and calling it a career.
And also, probably wouldnt have any experience with ER so that is why they come on this board to ask questions. I know tons of executives that are making very large salaries but actually are terrible at managing money...
And to clarify, I am not trolling. I am asking very general ER questions and I thought there might be a few executives on this board that have had similiar experience to mine and could provide some color.
In closing, I actually know exactly what my living expenses are and have done some pre-planning with the calculators and with Vanguard support and I actually need around $120K a year in my expense model but I still wanted to ask general questions to people with real world ER experience to get a 2nd opinion.
I wasnt trying to cause any issues and I am sorry if I wasted your time. But I will tell you, you come off rude and judgemental.
Thanks to everybody else that has replied with data, it is very much appreciated and your feedback was spot on and helped me. Thank you.
Seattle
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