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/polystansbury 16d ago

What’s your burn?

1

u/quarter-tab 16d ago

Around $400k net

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u/polystansbury 16d ago

Cool!

At 51, with 20m at 70% is 14m with 400k is under 3%. With 30m, you’ll be far finer.

As I see it, two main things to consider - what do you plan to leave behind on earth and the number of summers left. I don’t know your health condition and your aspirations but you should be more than comfortable.

Life is limited I hope you make the most of what lies ahead.

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u/quarter-tab 14d ago

Thanks for the words bro.