A Reddit user with $3 million is contemplating part-time work at age 42. Before making such a decision, it's crucial to evaluate how it impacts long-term savings and financial security. Factors like living expenses and how much savings are needed during retirement should be assessed. Shifting to part-time work could allow the $3 million to continue growing through compound interest. If expenses can be met while allowing funds to grow, it might be a feasible decision.
Whether you should cut back on your hours or not is going to depend on many factors, including how much money you need to live on as a retiree and what the long-term financial implications of semi-retirement are for you.
If you can switch to part-time work, cover all of your expenses, and leave your $3 million to grow, you can most likely go ahead and make the change.
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