Yay for ya!!
Be sure to post tomorrow, Monday, and let everyone know how it feels.
I decided to wait 2 weeks to see if how I felt changes, and no, it has not changed.
It feels great!
Yay for ya!!
Be sure to post tomorrow, Monday, and let everyone know how it feels.
Congratulations !!!
I can imagine how it feels like.
Can you share your learnings ?
Congrats - My first response to any post (been lurking for years).
I'm in a similar situation... would like to retire but for now, I'm practicing how to generate income to replace my salary.
Curious to know how do you plan to invest the $1M cash to generate an income stream? Or are you just going to sit in cash and draw it down to cover your expenses?
Welcome to retirement, come on in! The water is fine. Your gonna love it!
I fired 8 years ago at 52 with similar numbers. Market run up these past 8 years has been impressive so NW has grown in that time and as not having a steady paycheck bothered me (even if my numbers theoretically were fine) I found some investments that generated the cash I needed to live on without selling appreciating assets.
In no particular order:
LBYM, invested the rest. Every raise/bonus went to investments. Still living in the fist house I ever bought. Read Andrew Tobias back in the day. Decided not to end up like my parents. Didn't care if my in-laws thought I was broke. Owned most cars for 10+ years. Married for 35 years. Still trying to convince her we have enough to get by. Enjoy life because it will be over soon enough.
Thanks to everyone who welcomed me to this forum.
I've never had such a positive reaction on a forum before. Everyone has been so friendly. There is so much bad news these days, it is nice to see something so positive.
I hope this puts a smile on your face as big as the smile on mine!![]()
I am guessing you already checked it out, but do you have enough in your taxable account in order to minimize your medical costs via subsidies through the ACA?
This is not a topic I'm familiar with - not retired yet. Any suggestions for where to go here for further study on this?
2 houses, no debt, 3M net worth.
-AZ2020
Congratulations! I'm happy for you.
Do your financial scenarios allow you to keep two homes? I also have 2 houses and 3M net work, but, each of the houses is 1M. So, I can't retire, the houses are too expensive!