Stewart and his wife should revisit their financial plan to clearly understand how secure they truly are. With $6 million in savings and investments, they are more than capable of maintaining their current lifestyle.
Even at a modest investment return of 4% annually, their portfolio would generate around $240,000 per year-well above their current spending needs. This is on top of the maximum Social Security payments they are receiving.
The mindset that helped them build their nest egg now prevents them from fully enjoying it. Years of prudent saving and investing have made them financially secure.
If Stewart and his wife are hesitant to make significant changes, they can start small. Instead of making large, one-time purchases like an extended international trip, they could start by adding some indulgent experiences.
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