"The original poster and her husband are both 48 years old, have steady careers, and live modestly. Their simple lifestyle and strong income have helped them build a combined net worth of 8.1 million dollars. They are now considering retiring and relocating at the end of the year, but she admits to feeling guilty. Part of her wonders if she should keep working to give her son an even bigger financial head start."
"According to her post, the OP has already gone above and beyond to set her son up for success. He is currently in college and will graduate with no student loans, plus enough money to pursue graduate school without taking on debt. She and her husband have also built him a stock account worth roughly 250,000 dollars, giving him an incredible financial foundation before he even begins his career."
"Her husband believes they have done more than enough and that it is time for their son to stand on his own and build his own income. But the OP feels guilty about stepping back to enjoy life, especially because her son chose a field he loves even though it is not likely to lead to a high salary. She describes him as hardworking and committed, taking on jobs and internships while in school,"
A couple in their late 40s with steady careers and a modest lifestyle have accumulated a combined net worth of $8.1 million and are considering retiring and relocating. The parent feels guilty about leaving work early because of concerns about a son who chose a low‑paying field, despite the son graduating college debt‑free and holding a $250,000 stock account. The husband believes the family has provided sufficient financial support and that the son should become financially independent. The family questions whether delaying retirement to increase an inheritance outweighs living now and trusting the child to build his own career. An update notes that safe withdrawal rates depend on multiple factors and offers an objective view on supporting a child financially.
Read at 24/7 Wall St.
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