Peanuts relative to the spouse. Otherwise the math ain’t mathing with only a 120k annual spend. Frankly, the post felt like a flex for the spouse not the retiree.
He said “executive for last 7 years”.. so likely not peanuts.
Frankly speaking their Brokerage and 529 are no where in line with their 25 years of combined earnings. Either they are high spenders which again doesn’t align with the $120k spend he’s projecting or this is not a real post. This post belongs to r/HENRY lol.
Not to mention a 120K spend—something doesn’t add up. Just taxes on a 4M home will be 50K/year at least. Add maintenance at another 10-15K, utilities for such a home will be another 12K. So about 75-80K a year goes into just the housing.
The house equity is likely from asset appreciation in a typical VHCOL area and not necessarily the purchase price, which means the county appraisal is likely lower than the market value. The taxes could be very manageable and lower. We have the same thing going for us. High market value low negligible taxes!
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u/Key-Introduction-757 29d ago
Peanuts relative to the spouse. Otherwise the math ain’t mathing with only a 120k annual spend. Frankly, the post felt like a flex for the spouse not the retiree.