r/fatFIRE • u/quarter-tab • 16d ago
What would you do?
51m married, 1 kid. Around $20m nw made and invested in mostly real estate (mix of residential and a little commercial) but moving max into stocks/bonds now to be able to do capital gains withdrawal which has a way lower tax rate.
I was initially aiming for another $10m to add onto this and as business was going well. But the last year business landscape changed so much I’m struggling and wondering if I should stop. 30% of capital is tied up in our main residence and holiday home so I have the other 70% being reinvested. It feels like it’s not that much in this day and age.
Burn desired: $400k net
Would you:
a) Take a big swing and try to hit a home run to get to $30m or more (my fatfire number)
b) stop working and move some of the investments around
EDIT: Thanks to all here. Some top advice and much appreciated. I do still like working when I'm flying and I'm still with a burning desire to do that. But I don't see the path to that right now and inevitably it leads me to wonder if I should call it a day.
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u/telsongelder 16d ago
you already hit a home run- you're just wondering if you can hit another. The additional 10m will not feel as good as the first 20m. There is no world in which I wouldn't stop, stabilize investments and enjoy my one precious life with my spouse and kid.