I'm preparing to give up a high salaried position this fall and take a break while I figure out whether to RE or just move into some other form of work. I have stopped learning and am no longer challenged by my current job, and the boredom is killing me. That said, I'm just not sure what I want to do going forward, other than travel and pursue hobbies--which could end up being expensive.
My question is around managing a bucket of cash of, say, 100k that is set aside to spend freely over the next few years. My current portfolio should support 3.5% SWR, including about 12k/yr as a budget for travel/hobbies. But given I'm young-ish and have lots I'd like to do, I'm thinking it would be good to bump that up for the first few years.
Has anyone done this heading into RE? Would it be better to just invest that amount in the general portfolio? 100k = 4k/yr using 4% rule, but that's less than I envision spending. If I leave it in cash that'd be 20k/yr extra.
Thoughts on managing this?
My question is around managing a bucket of cash of, say, 100k that is set aside to spend freely over the next few years. My current portfolio should support 3.5% SWR, including about 12k/yr as a budget for travel/hobbies. But given I'm young-ish and have lots I'd like to do, I'm thinking it would be good to bump that up for the first few years.
Has anyone done this heading into RE? Would it be better to just invest that amount in the general portfolio? 100k = 4k/yr using 4% rule, but that's less than I envision spending. If I leave it in cash that'd be 20k/yr extra.
Thoughts on managing this?