Quote:
Originally Posted by Steve_R
72 and 67, over $2M saved for retirement, and still working? Why??? It’s past time to retire and enjoy life.
If that $2M is invested wisely you can withdraw $100k/yr and you’ll still have $2M when you die. You’ve worked hard for many years, enjoy what time you have left.
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Quote:
Originally Posted by Swany00
No shit, unless their monthly nut is off the hook, that's a very easy retirement.
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100% correct. Move the 401k into an IRA so you can manage it yourself or have a financial advisor do it for you. You can easily take $100k/year, along with your social security and you'll really enjoy retirement. I retired in Feb 2020 at 64 1/2 years old and I've NEVER regretted it. My wife and I have retirement savings in 8 figures and I also draw SS, my military retirement, and my 100% VA disability payment. Life is GOOD, and we both do what we want, when we want to. Oh yeah...go get your unemployment payments as well!
You're 72. Start enjoying your life!