Re: How much is enough for you to coast and not worry about job
Posted: Fri Nov 15, 2024 8:33 am
Congratulations !! Being FAT is generally frowned upon, however not in case of FATFireloyalindian wrote: ↑Fri Nov 15, 2024 8:07 am I have been in the US for 32 years now. One interesting thing for me was that the retirement/r2i goal post kept moving as I reached previously set goals.
Somewhere along the way r2i stopped being practical and especially now since both children have graduated from college and are working.
I have enough money ($13M +) which is a combination of Real Estate, stocks, cash and 401k and can retire when and where I want to. Funnily, now that I can retire, I still want to keep working for another couple of years and maybe retire after I turn 60.
The lesson learned for me is that there are no incorrect options whether r2i or LIA.
From a financial perspective, at some point we all get to mise-en-place. Everything will be in place based on your requirements and living means. While it can be an interesting discussion with friends/family, everyone's requirements are unique and they will likely have a very different view