"The Redditor isn’t sitting on debt and can withdraw a lot of money using the 5% rule. His financial advisor suggested that he can have $300,000 in after-tax spending money if he withdraws 5% of his portfolio each year. This gives him enough money to cover his current living expenses while still maintaining his lifestyle, especially after relocating to a lower cost of living area."
"Currently, he spends $22,000 per month but plans to reduce it to $16,000 after selling his primary residence. He does not spend excessively on travel or dining out, but allocates a significant portion of his budget to boating and fishing, highlighting his interests while still remaining in control of his finances."
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