This Redditor plans to split their $5 million FIRE nest egg into a $3 million fund for living expenses and a $2 million fund for generational wealth.
Using the 4% safe withdrawal rate, the $3 million fund could provide an annual income of $120,000, though it’s unclear if that would suffice for their needs.
The $2 million fund is aimed at creating generational wealth, potentially serving various family needs such as home repairs, weddings, and trust funds for children.
The post raises intriguing questions about wealth management strategies for those who have reached their financial independence goals, particularly regarding familial financial support.
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