I'm a 46-year-old divorcee with $4 million in the bank but my stressful job is burning me out - do I have enough to quit?
Briefly

from 24/7 Wall St.2 weeks ago
If you want to stop working at 46 with $4 million, you have to consider your money will have to last you a good 34.2 years. Excluding interest earned on a $4 million account, you can spend just under $117,000 a year before the money starts to run out.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/22/im-a-46-year-old-divorcee-with-4-million-in-the-bank-but-my-stressful-job-is-burning-me-out-do-i-have-enough-to-quit/
One of the best things to do if you're serious about retiring at 46 is to consult with a financial advisor just to see if it's a good idea.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/22/im-a-46-year-old-divorcee-with-4-million-in-the-bank-but-my-stressful-job-is-burning-me-out-do-i-have-enough-to-quit/
If you do stop working at 46, plan ahead. Social Security benefits don't kick in until you're 62 at the earliest. Medicare doesn't start until you're 65.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/22/im-a-46-year-old-divorcee-with-4-million-in-the-bank-but-my-stressful-job-is-burning-me-out-do-i-have-enough-to-quit/
Consulting with a financial advisor can help you create a balanced investment portfolio that generates sufficient returns while minimizing risk to ensure your money lasts.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/22/im-a-46-year-old-divorcee-with-4-million-in-the-bank-but-my-stressful-job-is-burning-me-out-do-i-have-enough-to-quit/
Read at 24/7 Wall St.
#retirement #financial-planning #investment #life-expectancy #wealth-management
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