Hit $10 million net worth in my 50s - is it finally time to retire and focus on family and health?
Briefly

from 24/7 Wall St.3 months ago
The Redditor has built up significant wealth, totaling around $10 million, and with substantial deferred accounts maturing soon, he questions retiring at 53 despite being financially secure.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/29/hit-10-million-net-worth-in-my-50s-is-it-finally-time-to-retire-and-focus-on-family-and-health/
The Redditor's family expenses reach about $200,000 annually (including anticipated medical costs), making them ponder if their wealth can support such a lifestyle in retirement.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/29/hit-10-million-net-worth-in-my-50s-is-it-finally-time-to-retire-and-focus-on-family-and-health/
With $2.3 million in deferred income and $6.1 million in taxable and retirement accounts, this Redditor realizes he has the financial freedom to retire, yet hesitates.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/29/hit-10-million-net-worth-in-my-50s-is-it-finally-time-to-retire-and-focus-on-family-and-health/
Admitting their financial comfort, the Redditor's challenge lies in overcoming doubt and recognizing the reality that he could potentially stop working immediately.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/29/hit-10-million-net-worth-in-my-50s-is-it-finally-time-to-retire-and-focus-on-family-and-health/
Read at 24/7 Wall St.
#retirement-planning #financial-independence #early-retirement #wealth-management #life-goals
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