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re: What to do when you are officially a multi-millionaire?
Posted on 7/17/24 at 1:17 am to jafari rastaman
Posted on 7/17/24 at 1:17 am to jafari rastaman
Work more.
0
Posted on 7/17/24 at 1:33 am to jafari rastaman
1. Offer to pay for your wife to take a girl’s trip to Southeast Asia to celebrate
2. Buy her a one-way ticket and lose her phone number
3. Retire from your job in five years
**the above is not legal advice
2. Buy her a one-way ticket and lose her phone number
3. Retire from your job in five years
**the above is not legal advice
Posted on 7/17/24 at 1:35 am to jafari rastaman
eat a lot of pussy
Posted on 7/17/24 at 2:21 am to jafari rastaman
quote:
What to do when you are officially a multi-millionaire?
The first thing is to not go around telling folks about it.
Posted on 7/17/24 at 2:58 am to jafari rastaman
Join S and Paul Allen's country club.
Posted on 7/17/24 at 3:24 am to jafari rastaman
quote:
brokerage account just recently crested $1,000,000 and your retirement accounts (401k, Roth IRA, etc) recently did the same
quote:
You haven’t been able to save or invest any money for years
I'm calling bullshite!
Posted on 7/17/24 at 3:26 am to jafari rastaman
I would disappear.
Posted on 7/17/24 at 3:46 am to jafari rastaman
Invest in shady business endeavors with little to no details offered by randos on message boards.
BTW I got a great business venture that is guaranteed to at least quadruple your investment within the first 6 months. Within a year you will get ten times your investment, if not more, guaranteed. All I need is a minimum of $250K (though the more you invest upfront the faster the return and bigger the profit) in the form of bitcoin.
BTW I got a great business venture that is guaranteed to at least quadruple your investment within the first 6 months. Within a year you will get ten times your investment, if not more, guaranteed. All I need is a minimum of $250K (though the more you invest upfront the faster the return and bigger the profit) in the form of bitcoin.
Posted on 7/17/24 at 4:40 am to jafari rastaman
If everything is paid off and no debt, you should be able to retire comfortably on $2,000,000.
Worst case get a low level, low stress job you enjoy just for benefits.
Worst case get a low level, low stress job you enjoy just for benefits.
Posted on 7/17/24 at 5:15 am to jafari rastaman
A is done well before the 2 million mark
My answer is C
My answer is C
Posted on 7/17/24 at 5:34 am to Hondo Blacksheep
Do you have any other sources of income?
I know someone in almost the identical spot but they are also drawing 135k per year in pension on top of that so in his case he will never touch the principal and actually add to his investments.
Work 5 more years.
I know someone in almost the identical spot but they are also drawing 135k per year in pension on top of that so in his case he will never touch the principal and actually add to his investments.
Work 5 more years.
Posted on 7/17/24 at 5:36 am to jafari rastaman
Don’t change a thing. Keep saving. See a financial advisor that you feel good about. Enjoy.
Posted on 7/17/24 at 5:41 am to jafari rastaman
If you want real advice ask the money board
Imo, $2M with no debts can be enough for your to retire. Depending on a couple of things.
Does your wife work? If so get on her insurance. If not you may need to find a part time of low stress job that offers insurance at least until kids are out of the house.
How old are kids?
How much is in taxable vs non taxable? You will need to make it to 59.5 living on your brokerage.
You likely need a financial planner to help manage your brokerage into lower risk, selling, withdrawals, capital gains tax, etc
Imo, $2M with no debts can be enough for your to retire. Depending on a couple of things.
Does your wife work? If so get on her insurance. If not you may need to find a part time of low stress job that offers insurance at least until kids are out of the house.
How old are kids?
How much is in taxable vs non taxable? You will need to make it to 59.5 living on your brokerage.
You likely need a financial planner to help manage your brokerage into lower risk, selling, withdrawals, capital gains tax, etc
Posted on 7/17/24 at 5:47 am to LSU6262
Good stuff here.
Posted on 7/17/24 at 5:49 am to jafari rastaman
This is the OT- everyone had at least 8 figures in the bank. $3-4M is OT poor.
Posted on 7/17/24 at 5:54 am to jafari rastaman
Option A
Posted on 7/17/24 at 5:54 am to jafari rastaman
only read the thread title.
I can tell you I will never fricking know. Thanks for making me realize my wasted potential.
you would not happen to be high school guidance counselor by chance?
I can tell you I will never fricking know. Thanks for making me realize my wasted potential.
you would not happen to be high school guidance counselor by chance?
Posted on 7/17/24 at 5:55 am to jafari rastaman
quote:
haven’t been able to save or invest any money for years, as your wife spends every paycheck.
How did you manage saving $2 million when she spends your entire paycheck? You 2 need to go together to counseling and get this shite straightened out. If you hired a financial advisor make sure they are a FIDUCIARY advisor (I don't know why you need one, you've done well on your own).
Posted on 7/17/24 at 5:55 am to jafari rastaman
Have a sit down with the wife and put the clamps on the spending.
Posted on 7/17/24 at 5:57 am to Tvilletiger
quote:
Don’t change a thing. Keep saving. See a financial advisor that you feel good about. Enjoy.
The wife seems to be a problem. If she's not making all of the money she's spending plus some, tell her to quit being a selfish bitch. If she cares about op at all, then she needs to realize her actions are selfish, spoiling herself at his expense.
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