Can you share more details on how you manage to accrue a net worth of $6m because the numbers don't add up. Even if you save your full salary of $300k pa for 20 yrs you will only have $6m. There is income tax to pay, home to buy, living expenses, car to buy etc...
Frankly if I am in your shoes, I wouldn't worry about retirement as I don't have any expenses.
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Originally Posted by Unregistered
Aged mid40s, prop valn $4m, o/s loan $1.5m.2 kids 16 & 12
Cash $3m, annual income $300k. No shares held. Net worth inc insurance etc about $6m. Need advise for retirement planning. Thinking of paying off loan, and investing balance in property or high dividend yield shares. Any thoughts ?
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