I'm in my early 50s with $1 million in my 401k and looking to quit now because I feel burnt out - what would you do?
Briefly

from 24/7 Wall St.2 months ago
A 52-year-old Redditor, living in a high cost-of-living area, contemplates transitioning from work life with a net worth of $6.2 million, focusing on medical insurance.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/09/im-in-my-early-50s-with-1m-in-my-401k-and-looking-to-quit-now-because-i-feel-burnt-out-what-would-you-do/
With a comfortable lifestyle goal of $180,000 per year, the couple’s significant savings are primarily invested in just two stocks, raising concerns about diversification.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/09/im-in-my-early-50s-with-1m-in-my-401k-and-looking-to-quit-now-because-i-feel-burnt-out-what-would-you-do/
Their financial strategy includes using Cobra insurance and the Affordable Care Act until retirement age, indicating a proactive approach to managing potential medical expenses.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/09/im-in-my-early-50s-with-1m-in-my-401k-and-looking-to-quit-now-because-i-feel-burnt-out-what-would-you-do/
The couple's outstanding $500,000 mortgage at a low rate and their substantial home equity suggest a strong financial position, allowing for a flexible retirement plan.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/09/im-in-my-early-50s-with-1m-in-my-401k-and-looking-to-quit-now-because-i-feel-burnt-out-what-would-you-do/
Read at 24/7 Wall St.
#retirement-planning #investment-strategy #healthcare-costs #high-net-worth #financial-independence
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