My wife thinks we need 30 mil to retire
is she crazy? we spend about 100k a yr including mortgage payments. no other debt. our kids 529 well funded.
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time to ditch the broad
you can retire immediately when you cash in the check for her life insurance when she “accidentally” falls off a nondescript cliff in Northern California
Now I ain't saying she a gold digger but she ain't messing with no broke.....
her family is wealthy.. her parents probably are worth 50 mil so not a gold digger.
Can't imagine any credible blog that recommends $30MM in retirement for two people. If she's serious, as opposed to exaggerating, time to evaluate your life choices and how you fucked up so badly.
If her family is so goddamn rich, why do you have to worry about shit like your kids' 529?
Maybe you should've stayed in your lane instead marrying up. Did you really think she would be fine going from a silver spoon in her mouth to the plastic fork you got with your Chipotle last week?
gg brother
Doesn't make sense given her background and your annual expenditure level. The only possible reason is she just wants you to continue working just for the sake of it - I'd keep an eye on the mailman / plumber if I were you.
You should do the numbers on excel! Literally go line by line, project all your expenses throughout the last 20-30 years of your life if you were to retire. REALISTIC numbers. Then do a sensitivity analysis based on different potential rates of return and starting investment amounts to find out what is the true amount of money you need to start off with in order to guarantee a comfortable retirement. You should probably assume conservative annual returns unless you have other sources of income otherwise.
This is also assuming that you would have the 30 mil cash. If they're in a 401k then your rate of return, withdrawal limits and maybe taxes would vary depending on how your company structures it
If this isn't a first year analyst answer, idk what is. Gotta respect it though..
Do you realize the majority of this forum is college students who haven’t made a rent payment yet let alone can advise on long-term wealth planning?
My number is 7 mill, assuming you’re into the 4% rule I’m still being a little crazy for my lifestyle, but I’m a straw-chewing Midwesterner.
As a fellow hick Midwestern native, my number is also $7M. Good work, my friend.
We really need another recession. No way wso got trolled this hard without major league effort.
Blastoise and brady4mvp are rolling in their graves at this shameful attempt.
Go see a financial planner that way a 3rd party with some level of objectivity can tell your wife she is fucking insane.