When there's many more people saving more aggressively for a FI number is there inflationary affects? Does more people unsubscribing from corporate life have third order affects that make it harder for future people to achieve FIRE?

Not advocating gatekeeping, just want to think if there's going to be a scenario where corporations restructure equity packages so employees can't retire at 35 like Nvidia employees who are decamillionaires this past year.

currently have 30k in ally which has 4.2% APY. is there a better place to put this for higher gains?

I have been early retired for 2 years now. I wasn’t 100 % sure about my finances when I pulled the plug but 2 years later, I can see that money will not be an issue. In these 2 years, I did many of the things I had been waiting to do and had a lot of fun. Now that I’m pretty sure that money won’t be an issue, I feel bored when reading/viewing retirement content. I have been devouring such content for the last 5 years on YouTube and Reddit. Now it is no longer something I need to do but it was a big part of my day in the last 5 years. It sounds silly but I miss that feeling of economizing because it was serving the purpose of setting me up for retirement. Anyone else go through something like this ? How did you overcome the urge to optimize and economize when you didn’t need to anymore ?

I’m in a bit of a conundrum. This is my first time going to the public sector. I’m taking a 31k pay cut with the intent to regain some work life balance after climbing super high and touching the sun in leadership. Being as burnt out as I got I figured seeing how a public sector role fit would be.

With that being said, this role comes with a pension option PERS2 and PERS3.

PERS 2 is a defined benefit and the calculation is 2% x years of service x average of top 5 earnings years. This vests in 5 years but you need to retire at 65 to get full benefits otherwise they are reduced though I can’t find anything online by how much. I contribute 6.63% of my paycheck to this plan.

PERS3 is the same as the above minus my contribution from my paycheck and instead of 2% it’s 1%. Instead you contribute 5-15% set and you cannot change it to a market fund probably like an S&P funds. Vests in 10 years and you only get 1% pension payout in the end which the employer contributes to.

Interestingly is you can choose PERS 3 then also contribute separately to a deferred compensation like a 401k up to $23,000. Also, both pension options get continuous COLA increases on the pension side and I could set my wife as the survivorship beneficiary.

I’ll probably need to cut back given the pay cut I took to go public on my contributions so my first question is if I’m contributing to the PERS 2 option at $447 a month how much should I consider putting back into deferred compensation? Based on my math last year I only have about $3000 extra a month after all bills to play with.

For context, in prior years I’ve been slamming my retirement for me and my wife maxing everythngthing. I have about $600k in a mix of 401, IRA and brokerage, about 30% of that is in bonds some are generating monthly income that I put back into the money market fund. House equity is around $320k but that’s not accessible. I’m 37 years old and I think around 100k a year in today’s future money would probably give us a fairly comfortable life at retirement.

I guess I need to figure out if I’m going with full pension can I cut back on my 401k and Roth contributions and how much ok? Also, with the PERS 3 option I can tap the S&P and potentially retire and access funds easier at 55 and forgo the juicy pension. I think I’m on track for early retirement, but I want to get your thoughts on how you’d handle this change in income and contribution approach. Still need some money for house repairs and such 😅

Edit: so I just found out I can actually hold off on my pension withdrawal until 65 then begin drawing with full benefits once I’m fully vested so I’m thinking I need to do the PERS 2 then I can combo it with social security at 65 and retire early at 55 drawing from my 401k and deferred comp.

I’m 33 my wife is 30. 4 kids. The house is paid for (roughly 1.1 million), two Toyota’s paid for, and 1.7 million in a blackrock bond portfolio… we are also set to inherit roughly 10-20 million upon my parents passing which hopefully won’t be for many years and is of course never a sure thing especially with the state of the world today. Is it realistic to retire now? We’re in a MCOL area in the south east.

Don't talk to anyone about my finances so I wanted to share it here 🥳

I saw a TikTok about IRAs and went down a rabbit-hole and have been lurking for the past few years.

Come from immigrant parents from SEA who worked very hard to support me through school without me needing to work at the same time. My dad wanted to go to school in my same major (EE), but did not know enough English so had to drop out after a year. He is doing fine now and a very hard worker. I am so thankful and proud of them.

I went to my no-name state school (Low GPA, didn't know what I wanted to do during high school so it was my only option). FAFSA + scholarship covered almost all of it (No Debt). Lived at home during school. Worked as a research assistant + 3 internships and graduated last year. After graduation, I moved to a M/HCOL location for my first FT job in big tech.

Break Down:

• 6.2k HSA
• 36k Roth IRA
• 28k 401k
• 2.8k Taxable
• 1.2k BTC
• 32k Savings (Emergency Fund + Checking Account). I use wealthfront, so my spending/savings is in the same bucket.

How should I be thinking about Fire in regards to myself, individually, vs to my partner and I, together? Partner and I make similar six figure incomes, but I have roughly 3x in liquid assets. I'm 5 years older and would like to retire in the next 12-14 years.

Thoughts on how you all are thinking about your futures individually relative to your combined futures?

Edit in case it's helpful: Completely separate finances but shared budget and full transparency.

I'm 40F, Single, no children. I have 320K in retirement savings and roughly 100K in the bank. Car is paid off, mortgage is not paid off. No month to month debt.

I am maxing out my 401K contributions for the year so do I put more into savings and a long term annuity in order to get my savings up higher? I am seeing people on here with 1 mill in savings and only a year or 2 older than I am so I feel a bit behind, even before I saw that. Online tells me I'm on track or ahead of a lot of ppl my age, but then I come here and Im way behind. What's the best way to get started with FIRE?

Edit: I don't want to kill myself working 80hrs a week.

Considering stashing $ 20-25k in fixed notes backed by Real Estate revenue and loan revenue generated by private Real Estate Investment Company.

1 yr note =7% 3 yr note = 9%

I like the company, it's leadership team.

Anyone think this is bad decision?

Hello! I’m 23 years old and just got my first job. I’m earning 42,000 CAD per year in Montreal, Canada. I have about 50K in student loans.

I’m currently saving up my emergency fund for 6 months. After which my next plan is to finish off the debt ASAP. I want to start investing. I’ve decided to only do index funds/ ETFs because I neither have the time, patience or knowledge to research individual stocks.

I don’t have a FIRE goal yet but somewhere early 40s would be nice. My major concern is should i be investing at all before I finish off my debt? I’m also just looking for advices on how to go about it and what all mistakes I should avoid.

Thanks.

Do others really think that future inflation will stay in the 1%-3% range?

I’m thinking it’s not likely and it’s more likely to be in the 3.5%+ for the next decade plus. We’re on track for 3 yrs of 4%+ inflation if you review shadow stats, chapwood index or monitor your own costs. CPI is a CP Lie. Don’t get me wrong sometimes it’ll come back down to 2%. But not for long in my opinion. Fiscal spending by the government and how the fed handled this latest high inflation environment… they kind of showed their hand. It’s more important that the system stays afloat and banks like Silicon Valley and signature don’t cause contagion. That military contracts stay generous. And money is spent on social causes so politicians can stay in office.

It’s possible that vtsax kicks butt even more and makes up for it though with returns greater then past 40 years. I’m open to that possibility.

Thoughts?

https://www.lynalden.com/april-2024-newsletter/

Just wondering, how many people in their 20s do you think have more than 200k in net worth?

Given that this subreddit is an extremely targeted subset of the population that is more likely to be good with money than the average person, I'm not surprised if there are many people here in their 20s with that net worth.

But if we take a randomized sample of the population, what would that percentage look like? 1%? 0.1%?

For example, what's the likelihood a 25-year-old has 200k in assets (say equities) plus liquid cash? Excluding inheritance and lottery events, so the only given possibility is entrepreneurship/business income or salary.

The only way to make that much money in such a short time is via asymmetric returns so you must have a business that makes 5 figures or more in profit every month (I don't know anyone in their early 20s with a 100k salary as an employee).

I (62M) and my wife (63F) live in Wisconsin. Between us we have approx $740K in 401k and Roth. The Roth is only $45K of that total. We went to a financial/investment advisor and he suggested $100k each this year and next year of funds moved from the 401k into Roths. I'm am dead set on retirement in Jan of '27. I'll be 62 and 3 months. My current annual income is about $70K with 20% to the retirement fund and the wife's is about $18K. Our lifestyle is modest and our home valuation is about $250K-280K. Based on the advisor, the taxes will be about $17K each of the two years. I don't believe we can swing the tax hits now, vs after the sunset of the TCJA at the end of 2025. We currently are debt free.

28M with about 10% of portfolio ($50k) sitting in cash, but in fidelity’s money market fund paying about 5%. This is a little bit more cash than what I think is optimal considering this is >10x my monthly expenses and I believe 6x is more appropriate. However, the 5% yield makes it feel justifiable.

I’m curious to hear people’s thoughts on whether you consider MMF = cash or if it’s financially smart to take advantage of those yields. The rest of my portfolio is in retirement, VTI, ETFs and crypto.

Don't really know what I am hoping to accomplish with this. Moral support I guess, as I am kind of terrified.

Been with the same company (more or less due to mergers and acquisitions) for my whole career. Due to some restructuring of how we go to business, my workload has changed. I manage a warehouse that recently had a bunch of volume moved to another warehouse one state over. Writing is on the wall that there is more of that to come. My boss (who is currently out on leave due to stress, I think) advocated for finding other work for me to justify keeping me around. I despise the work they found for me. It's a mix of corporate nonsense (filling out forms, etc), garbage work no one else wants, and stuff an intern should be doing. (for example, my skip level boss told me to plan on renting a SUV for an upcoming meeting so I can drive people around.) Lately this whole situation has been really messing with me. Losing sleep, constantly worried about work, etc.

Also as part of these changes we had to let some of my crew go. They weren't offered severance, which really leaves a bad taste in my mouth. I don't know that this has also contributed to me being so unhappy, but it hasn't helped.

As for my financial situation; m47, married, two kids still at home one of them finishes HS in a couple weeks the other is a sophomore. One more already in college. They all either pay their own way or plan to do so. I'm willing to help them if needed, but think it's important for them to stand on their own.

Net worth is just over 2MM counting house (conservative estimate on value) or 1.6MM not including house. No debt. Wife works and makes enough for us to live but we wouldn't be saving much. Last year's expenses were around 65k but that doesn't include anything that's withheld from our checks (taxes, insurance, etc)

I don't have anything lined up, but when I do I don't want to keep doing what I'm doing. I want to have a job that I don't need to take home with me. Just applied for a job maintaining trails for the parks department this morning. Pay would be minimal, but my thinking is it would be enough to keep us building up savings instead of just relying on compounding. I also can't just do nothing and expect the wife to bring in the only income until we hit our number (which I'm thinking is right around 2MM) Honestly, with some expense cutting we could possibly scrape by and call ourselves lean fired even if she didn't work, but that's not really ideal.

I know it makes more sense to wait to quit until I have something lined up, but mentally I just don't have it in me.

Any support anyone cares to offer is greatly appreciated.

Long time saver but new to FIRE and 4% Rule. Looking at retiring using the 4% or maybe 3.5%. My husband is 61.

Two questions - If we have 401k, Taxable Accnt, IRA, Inherited IRA (that also has an Inherited Brokerage Acct) and Roth IRA. How do I use the method with all of these accounts being with various companies? Do I take the decided percentage off of each account to fund our retirement? And can this be at different times on the different accounts throughout the year?

Initially, I was thinking we would access and use the funds out the Taxable and Inherited Accounts first and let the 401k and IRA sit untouched before going to draw on them. Then combine those with SS payments. Now I am wondering if it's better to try to make everything last longer using the 4% rule?

One last bit to mention, I also have a 401k but I am 52 so that will be sitting around untouched.

Appreciate the guidance!

Any suggestions on going with either VTSAX (Vanguard) or FSKAX (Fidelity)? Which has provided better returns in your experience?

I have been a First Republic Bank customer for years however they are finally closing the branch near me next week.

First Republic was great because the employees know all of the customers and they have a level knowledge/discretion that I have not found at other banks. Plus they have really amazing investment property loans(so good it actually put them out of business).

I went to the Chase bank nearby where my accounts were being transferred and the customer experience feels similar to a fast food restaurant at the airport.

Do you have any recommendations for a consumer bank that has a similar level of customer service as First Republic?

Thanks in advance!

Hello all, first time poster here. Don't currently have a set goal in mind for RE, but have just been trying to save as much possible while still being reasonably spendy with friends and on a vacation every now and then. Genuinely haven't really thought much about how i'm doing, and I know everyone has a different goal/standard for doing well, but would like to see if there's anything I could be doing differently with my current situation. Maybe shooting to have the opportunity to retire in my early-to-mid 50s?

Age: About to be 28M, single, no kids.

Total comp from job: $101k

401k (mostly traditional, Roth started this year): $190k
investing max limit of $23k + 9% employer match

Home equity: ~$165k
Current mortgage remaining: $183k at 2.875% (~4 years into 30 yr fixed)

Roth IRA: $63k
Investing max limit into Roth IRA each year, moving towards investing into ETFs more
Mostly FAANG and ETFs/Funds (VGT, QQQ, QQQM, VOO, MGK)

Individual Brokerage: $8k
Haven't been putting very much in here, but will be putting more in as salary grows, probably just into things like VTI

Various savings accounts total: $34k
Using an online bank HYS and CD accounts, averaging around 5% APY.

Total net worth from everything listed: $460k

Grateful to be debt-free (no student debt or loans if we're technically not counting the mortgage).

My (35M) wife (36F) and I are halfway towards our FIRE number. We are also planning on having kids in the near future. My wife wants to work about a year after they are born and then take time off until they are in kindergarten (5yr old) and then go back to work another ~5 years. She works as a management consultant now and will start an LLC and do contract work during her break in order to not have a resume gap. I was planning on retiring in 5 years or so and just managing our investments, reading, watching sports, and playing poker. Eventually I may go back to do something less stressful or more fulfilling like government/politics/non-profit/volunteering/joining boards. Are there any tools that help you plan for FIRE that can incorporate going back to work?

Say you have nobody to leave anything to and you can’t take it with you. What’s the plan? Is there a model where your SWR becomes a number that expects you to be broke by X number of years?

Similarly, what if at a certain age you’re fine living on SS and Medicare? Say 85 years old, I don’t care about expendable income I’ll live in my paid off house and need almost nothing other than some insurance to see doctors. If I get cancer..I die. That simple.

I’m not looking for advice on end of life thought processes l just want a financial model and plan that feeds the one I’m specifying. Thank you!

A few years ago I signed up for a bunch of FinTech investment apps which gave me some free shares after meeting certain criteria. Recently I have consolidated all my assets in Fidelity and I'm working on simplifying my portfolio.

My 401k, IRA, and HSA are all invest in total market mutual funds which is the only thing I plan on investing in from now on. The problem is I still own a few shares in over a dozen companies and I am wondering if I should just sell them.

They currently make-up a very small portion of my portfolio so I don't think it matters either way but I wanted to talk to some people about it before doing anything. I'm the first in my family to have any sort of financial stability so stuff like this stresses me out.

Here are the pros and cons I have come up with.

Pros of Selling:

• Simplifying My Portfolio. The main reason I want to sell them of is because owning nothing but mutual funds makes my portfolio easier to manage. The individual companies might complicate my tax returns and make my returns "nosier" due to their individual performance.

• Lock In Gains. Currently almost all of the stocks I own are up due to the excellent market performance, so if I was going to sell them I feel that this would be a good time. I'll make a few thousand dollars which I could put into my emergency fund or a mutual fund.

• Avoid Financial Complexities. I eventually want to do things like buy a house which I believe includes a thorough review of my finances. So in my mind owning only mutual funds will make such a review process simple and prevent possible issues for me in the future.

Cons of Selling:

• Missing Out On Growth. While it's possible the stocks will go down there is a chance they will go up and beat the market in the long run. As of right now they have all outpaced the market. I only own between 1-20 shares in each company so the gains would be small though.

• No More Dividends. The one thing I have enjoyed about owning these shares is getting a steady stream of dividends. They're small but consistent and since they're all long-term I pay no taxes on them which is great.

• Tax Headache. While I believe the sale of all these shares won't trigger any tax problems I worry since some of the companies are foreign (e.g. BABA) or in small-cap companies. I can list the companies if people think that information is relevant.

My conclusion is that it's best to just sell them and be done with it, but I would love to hear what people on here have to say.

Hi folks,

Posting this to collect your thoughts on this. Posting this as my husband and I are debating how to plan for our futures.

For reference, let's assume we're an early 40s year old married couple. ~10M in net assets ($2.5M real estate, $1M in post-tax Roth accounst, $500k in pre-tax 401ks, $2M public stock, $4M in private stock -- valuing this at a heavy discount).

We have no kids. No plans for it. Small families, most of whom are also childless. We know we'll have to move at some point, we currently live in a narrow townhouse with many, many stairs.

My idea is to buy/build a modest house that has an in law suite (or duplex, or other similar ADL type homes) and eventually hire in-home help and use housing as a big component of their salary.

Has anyone actually executed a plan like this, or have a more detailed way to look at this?

Or how are you all planning to do age with no one to care for you?

First of all I need to say: I live and work in Europe. Salaries are generally lower here, especially in higher level jobs, and taxes are high. Just in case you wonder why the numbers are generally low. My numbers are in €, but €:$ is almost 1:1 anyways.

I am 36, currently work in a high stress job that brings in about 120k a year before tax which is about 5.5k after tax and social security contributions. I‘m saving between 2 and 3k into a world ETF every month, currently 250k invested / NW.

Living expenses are about 3k. They will probably be a little higher when my work hours become less (currently 50-60hr/week) so I‘m planning with 4k monthly expenses.

To reach 4k as a SWR, I‘ll need about 1.5M invested capital. My plan is/was to increase my salary to about 150k which is definitely possible but will come with even more stress and pressure. That way I could - if everything goes well and the market brings average returns - reach my FIRE number in about 10 years. I‘ll call this PLAN A.

RE at 46 sounds really great to me. But the 10 years till then will be very stressfull.

Now I was offered a different job in an organization that partly belongs to the government. that job comes with a lot of advantages but also with a lower salary:

• 38.5 hours in a mostly relaxed office job
• Salary 100k
• collective agreement that ensures yearly raises that more or less equal the inflation rate
• very flexible part time options. I could reduce or increase (up to 40) my monthly hours freely
• home office possible at least on some days
• 6 months of continued payments if

I get sick (instead of 6 weeks in my current job)

• after 10 years it‘ll be almost impossible to get fired.
• almost no over time work, no need to prepare or learn stuff in my free time (which is the case in my current job)

That sound like heaven to me compared to my current job. But it will destroy my current fire plans.

So PLAN B would be:

• Go for the more relaxed job now and do the 38.5 hours
• enjoy the additional free time
• In 10 years I won‘t be able to RE, but I will be able to reduce my working hours to 24, maybe even 16 hours a week (2 or 3 days).
• In 20 years I might still be able to FIRE if the markets went well and since I might get an inheritance (my parents will be 90 then; I hope they live till 100 but statistics say the probably won‘t).

Which way would you go in my situation? Plan A or Plan B?

Thank you for your opinions!

I'm looking for a second set of eyes on my finances. Any advice on how to move forward with what I have is greatly appreciated. I'm competent when it comes to finances, but admittedly have no clue what I'm doing when it comes to stocks, dividends, or the typical means people draw income when they're fire.

Wife and I are early 30s. 2 young kids.

I currently work in a sales job that's pretty chill and make about $120k/yr. My wife works in the school district and makes about $60k/yr.

I am a disabled vet and my monthly compensation for that is $4500/mo. That income is tax free for the rest of my life. Another benefit I receive from my state is that I don't have to pay RE taxes on my primary residence, so about $6k/yr. My kids will receive in-state college for free, so don't have to save for that.

My wife and I own our primary residence, plus 4 rental properties in the city where we live. The debt on the rentals is about $1M and they're worth about $2M right now. We live in a city where RE prices are going up with no sign of coming down. These properties have a net income of about $20k/yr.

We have two young kids in daycare a few days a week, a car payment, and my wife's student loans, which total about $6k/month in expenses. We live frugally, but abundantly. Were not really the "lifestyle creep" kinda people and we live well within our means.

3 years from now the kids will be in public school (no daycare cost), the car will be paid off, and my wife's loans will be forgiven via PSLF.

My wife is totally burned out at her job. I'm fine working my job for awhile, as I like it and I'm good at it.

I don't mind managing my rental properties, but one thing I've considered is selling them, taking the profit, and investing it using a fire strategy.

What would you do in my situation?

Question. If owning real estate equity important to boost net worth and than use the gains over time to fund / supplement income down the road? Vs just owning index funds growth vs appreciation growth?

I'm trying to figure out 'how much is enough' and I wanted to get some perspective on my thinking... it seems to me I need enough to cover my lifestyle and to a degree I can predict that, but to a large degree I can't. Specifically medical costs but also my partner's situation as well and also inflation. My logic goes to 'if I had guaranteed income for the rest of my life, what would I feel comfortable with?' I live in a mid-sized growing city in TX, I like to travel but nothing crazy or very pricy. I will probably purchase a place in another state and do the snowbird thing and that is in the plan.

In my head I would like to have ~500k in income a year. Before you get all excited, this accounts for everything... inflation... housing... transportation... healthcare... taxes... charitable donations/activities everything... Also don't forget this is 500k a year in 5-10 years and for the rest of my life. I don't want to be one of those people who can't help someone out randomly, go out for a meal and/or complains about the phone bill all day long...

With that in mind, I land on $500k in income a year. I think I can get 5% a year out of the stock market in low risk investments. Of course, some years will be lower but also some years will be higher, but I think I can get 5% on average. So to get 500k a year I need 10M as my net worth. That's a big number, I know, but I'm also a slow and steady will get me there kind of guy.

I think the big drawback to this approach is twofold -

1. I will at least have a ~10M estate in the end that will need to be dolled out. first world problem I know, but it's a thing for me. I also need to be aware of the taxes as that's a thing.
2. 10M is a big number and will take a while to get to.

What am I missing with this thinking?

Side note, I'm just shy of 50, divorced, no kids, no alimony and no debt that I can't cover quickly if I need to and have a net worth of a little over 5M. I have been lucky in my life and parents who raised me right, I'm no better than anyone else. I have been unemployed for the last 1.5 years and did gig work (taskrabbit) and a few other side hustle type things to keep busy, be of service to others and keep a little money coming in. I have touched my emergency fund for a few larger items that have come up (taxes, federal and property) but my overall net worth has continued to grow. my emergency fund still has plenty in it.

Tell me what else I should be considering...

Don’t see much mention of legal trusts to protect assets. I see a lot of young folks with substantial investments. Everyone is taking the necessary steps to protect them, right???

Long time lurker and a big fan of the FIRE concept.

42M, sole bread earner with a spouse and 2 kids. Living in an South East Asian country where government social security is as good as nil.

1. Income (monthly) - $7.5K (take home nett)
2. Provident fund - $36K (contributions monthly into employer’s fund)

Assets:

• Cash - $75K
• Mutual funds - $18K (DCA - VOO)
• Stocks - $7K
• Crypto - $36k
• Gold - $41K

Expenses:

• Rent (monthly) - $1K
• Other expenses (monthly) - $4K
• No Debt

My plan is to divest gradually from crypto and individual stocks, and DCA more aggressively into VOO.

Question: At cross roads here. Contemplating purchasing a home ($350K - 20% deposit with a mortgage plan) or investing in real estate yielding rental returns (at 7% nett per year).

Or if there are better, medium/low risk alternatives?

Would like inputs in terms of FIRE as early as humanly possible, but I am fine to work for another 10-12 years.

Hey all. Long time lurker on multiple forums.

Long story, not very short. 38/M.

I’m a dentist that grew to 5 offices, around 9.5M collections with a few partners. We joined a hybrid type financial model 4 years ago that has lead to massive undo stress in my life. I have a ton a debt from previous deals (~1M currently) in buying offices. When I joined with this new group, I essentially upped my pay significantly and got ownership in a much larger group (~55M collections). I did not receive any money, but when I retire I’ll get about 1.2-1.5M in a bulk sum.

The selling point of the whole model is that you still own your percentage of the company after you retire. Thats the main difference between selling to a PE firm and getting a higher one time payment. I essentially was intrigued by the passive income of this. This amount is currently 160k/yr (it’s part of my current pay, which is confusing).

I currently make around 800k (160k of which is a dividend that I will continue to get if I don’t work 1 day next year). This number is supposed to grow 5% or so each year indefinitely - I’m not planning on that.

I had a 3 year commitment, that’s done now. I’m considering turning in my retirement - without going into massive detail, this model is not built correctly for the type of offices that we brought into it. There is a ton of HR headaches I deal with each day and I have the stress of trying to keep expenses really low while still collecting the same amount. We have 8 associates and around 60 employees that I’m responsible for and it’s always something. I sit on multiple boards, which has led to a ton of time being spent in meetings.

When we came in, we are tied to a “management company” for 15 years that honestly charges an arm and a leg, but does not do much of anything to help me on the front lines. I can’t control this expense because the contract is 15 years long (!!!). My offices pay around 800k a year to this management company. I struggle with this mentally to be honest. I’ve lost control of my P&L, but I am still responsible for it.

To get to the point, I’m trying to decide about retirement/reset on life:

2M in brokerage account 400k 401k 100k cash 50k in various investments 30k in real estate fund 60k kids 529 House worth 700k (350k remaining loan at 2.1%/9 yrs remaining)

Expenses are higher than I’d like due to private school:

Large items: I would pay off all remaining practice debt with my bulk sum payment. I’d probably have 200-300k left over.

36k/yr house 10k/mo credit card (includes most commons stuff) 50k/yr private school (5 and 7yr old) 20k/yr vacations

For practical purposes, around 225k/yr expenses

Income after “retirement”: 160k/yr dividend 125k/yr (wife is lawyer who works remote. Health insurance is here. She may want to stop this at some point) 150k/yr (I will want to to work 2-3 days a week to keep my hands wet and have no responsibilities of management)

Total: Around 400k to be safe

My plan would be to never touch my nest of around 2.5M in investments, and just let it grow for another 10-15 years. At very conservative numbers (3-4%) I think it could be 4M. At that point, it we had no income other than the dividend of 160k/yr (assume no growth), we could draw down if needed. I know I should have money left over each year to invest, but I’m being overly conservative.

Considering this stuff, would you all give up the 800k salary to get rid of the stress/headaches? (Remember, I get the bulk payment when I “retire” that will pay off all my debts). I feel like I have grinded pretty damn hard for 13 years and it may be time to take a break before I totally burnout.