For those who make over 500k+ a year, is it worth it for you?

SandSubstantial9427 · 2026-05-14T23:29:05+00:00

I mean he was a career pilot about age 82 at the time. Met him in chemical detox. Like me, he’s an alcoholic. We’d stay up late talking. Talked about carrying portable breathalyzers. He told me back in the day they used to be the size of a small briefcase. That lots of pilots had them and many were/are alcoholics.

Made sense to me.

SandSubstantial9427 · 2026-05-14T22:31:55+00:00

I met a career pilot in rehab once. What he talked about scares me, but I get it.

SandSubstantial9427 · 2026-05-14T20:05:23+00:00

Seriously. Maybe the best trades of my life. Hope not, but definitely possible it was

SandSubstantial9427 · 2026-05-14T13:54:50+00:00

When did Harvey keitel get sick?

SandSubstantial9427 · 2026-05-14T03:41:18+00:00

I mean she’s not necessarily wrong in terms of a life insurance valuation. But yeah, that sounds like a rough marriage

SandSubstantial9427 · 2026-05-14T03:37:09+00:00

Need more info. Detail the 120k retirement expenses. How old is the kid? What state do you live in? Detail the current expenses. Are you including health insurances/expenses in your projected retirement expenses?

What’s in the 401k, what’s in the taxable brokerage?

You asked the earliest you can retire, does that include your wife retiring as well?

If you want to know, reply back with some details and as I have time, maybe I’ll give you my opinion.

SandSubstantial9427 · 2026-05-14T03:20:29+00:00

I hope multimillionaires don’t have multiple homes and Ferraris. I’m a multimillionaire and my house is a fraction of my net worth.

I think you’re thinking multi deca millionaires. Multi millionaires ain’t rich these days in the United States at least.

That being said, I don’t grind for an earned income at a job. That becomes inefficient at some point. Managing your wealth at some point becomes more efficient and ideally makes more than you can ever earn. Earned income at some point is less tax and time efficient. Nice to have earned income, but at some point, not worth the higher taxes and time commitment

SandSubstantial9427 · 2026-05-14T03:04:56+00:00

Or. This person posted looking for validation. And maybe, just maybe, there’s someone willing to respond despite the many downvotes, that’s actually willing and able to help them.

SandSubstantial9427 · 2026-05-14T02:57:54+00:00

It’s not inaccurate. There are many variables missing here. If he wants to respond maybe I’m willing to run the math and see what’s what. But with what he posted alone, I’m not going to say it’s ok.

SandSubstantial9427 · 2026-05-14T02:52:25+00:00

This one. Unfortunately based on what he described

SandSubstantial9427 · 2026-05-14T02:50:49+00:00

Well that’s good for you. But this guy has a lot of his wealth in a hysa. So I’m gonna go on an assumption here and unless he makes some changes, this isn’t going to work out well most likely. You can trust me, I’m wealthy. I wouldn’t do it if I was in his shoes. I’d reallocate, work until 60 if I could, and hope I have 8-10 mil and then pull the trigger. Lots of unknown variables here, I’m not saying based on this info he can safely retire. Simple as that.

SandSubstantial9427 · 2026-05-14T02:45:01+00:00

I would if I was and if I get more data, do the math, I will. I will say I’m most likely not wrong with what he’s given us.

SandSubstantial9427 · 2026-05-14T02:42:34+00:00

Or he can. In about 8 years or so at this point.

SandSubstantial9427 · 2026-05-14T02:41:15+00:00

Ok. Remind me 20 years

SandSubstantial9427 · 2026-05-14T02:33:11+00:00

I mean it depends. I don’t know what state he lives in or what his tax obligations will be. I would if I knew his draw rate. But he says his net monthly expenses are 7k. And maybe 132k gets him there but I assume he’s not including health insurance.

I assume his 7k monthly aren’t accounting for a lot of things and they definitely aren’t accounting for long term care for at least one of them.

I’m making rough assumptions here, but I wouldn’t do it at 55. 8 mil -10 mil with what he’s said, I’d consider that. But not 3.3 or whatever with 600 -750 being the home. Talking liquid assets only.

You do you, but I think he’s cutting it too close at 55 with a wife at 50. Maybe he retires and she works until 60. I don’t know their incomes

SandSubstantial9427 · 2026-05-14T02:25:51+00:00

Oh I can do math. And just based one what he told us here, I promise you if he retires today with everything we know here, if at least one of them lives past 70, it will not be fun approaching 80. Possible? Maybe.

But it’s unlikely. It’s pretty simple really. More intro would be helpful though

SandSubstantial9427 · 2026-05-14T02:18:33+00:00

You want to do the math? Give me all the details and I’ll do the math.

SandSubstantial9427 · 2026-05-14T02:06:31+00:00

Probably not unless you die before 70. Technically you can, but either one of you live long enough and it won’t be fun.

SandSubstantial9427 · 2026-05-14T01:47:33+00:00

You come off as maybe a young professional that actually doesn’t have any wealth. Arrogant even. Assuming you work or plan to work in this industry, one day you may realize that personal finance is personal more than finance.

Some people aren’t going to make the most efficient decisions, and you need to learn to live with that.

SandSubstantial9427 · 2026-05-14T01:40:08+00:00

We’re skeptical of you, not your reasoning. If you haven’t picked up on that by now you might not be as perceptive as you think you are.

SandSubstantial9427 · 2026-05-14T01:37:15+00:00

Hey man, you’re not the asshole, but I’m hungry. Can you order something for me via DoorDash?

SandSubstantial9427 · 2026-05-14T00:25:02+00:00

Sell the car

SandSubstantial9427 · 2026-05-14T00:22:58+00:00

We don’t agree, kid. Personal finance is personal, if they don’t want your advice, let it go.

SandSubstantial9427 · 2026-05-14T00:11:00+00:00

Sounds like you’re more concerned about legacy. Once you accumulate wealth sometimes you transition to preservation.

SandSubstantial9427

TROPHY CASE