I can sense that you are panicky from your response. If you are sure your $500k can outlast your retirement then go for it. Don't need to seek confirmation here.
It is hard for some of us to understand your assumption and calculation because our anticipated lifestyles in retirement differ. We just don't understand why after working hard for so many years would one want to retreat to a very austere lifestyle in retirement. We should enjoy and live with dignity in retirement.
And it is not for you to judge if we decide / can afford to leave millions to our loved ones. Also don't feel envious of others because it is not good for your health.
Quote:
Originally Posted by Unregistered
Don't be stupid. Your job is a big if. You can get fired today. Your life is a big if too. You can die this afternoon! LOL.
As long as your plan makes sense, just do it. Don't be stupid to work until you're 70 and only to die at 75. All your wealth will then go to your wife and children who will squander it away in no time as it is not their hard earned wealth. My advice, don't leave your big fortune to your children as they will be lazy. Use your fortune you have worked hard for and just leave behind just a little to your children. If you leave too much, they will quarrel among themselves and then squander it away. Your greatest gift to your children is not your wealth but the good upbringing and values you nurture from young. If you leave behind a gold of mountain but children who are lousy, evil souls, then you have failed miserably as a parent. Don't be stupid.
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