1) Yes.
He can retire tomorrow, if she really is going to work 13 more years while he is retired.
You have $200k expenses, but will have $140k from her work, so you need $60k from $5.6M, that’s a 1.1% withdrawal rate. I would think your dividend cash flow from the portfolio is more than that anyway, so you don’t even need to touch principal.
Even if you take out $600k right now for the home remodel, you are at $60k from $5M is 1.2%. Again, it seems like your dividends should be more than that.
He can retire tomorrow, if she really is going to work 13 more years while he is retired.
You have $200k expenses, but will have $140k from her work, so you need $60k from $5.6M, that’s a 1.1% withdrawal rate. I would think your dividend cash flow from the portfolio is more than that anyway, so you don’t even need to touch principal.
Even if you take out $600k right now for the home remodel, you are at $60k from $5M is 1.2%. Again, it seems like your dividends should be more than that.
Statistics: Posted by SkatingtoFire — Wed Aug 28, 2024 11:13 pm — Replies 1 — Views 164