The gentleman has *four dependents* and wants to go from one income to none with 50 years of life ahead before his kids are through school and before he qualified for full social security.I know I have some of those fears but I also know those are not rational or more likely no amount of money can overcome themVary astute.I think there is projection going on here. Folks who have less assets than op and have successfully retired are giving their approval but the folks who have comparable assets but still not retired are reflecting on their own fears. Just a guess!
What could possibly go wrong? Yeah, any concerns are *irrational.* the six mil is great and maybe there is other family money or he lives in a MCOLA. All I’m saying is, think about the what ifs and prepare for them.
Divorce, for example, is not as quick or inexpensive as a prior poster makes it sound. There are legal fees, asset divisions, custody battles, child support and even alimony in some states.
Statistics: Posted by AnnetteLouisan — Sun Aug 04, 2024 10:52 am — Replies 47 — Views 5649
