£4.5 million - enough to not have to work again?
Discussion
Planning for the future and an unstable job future....
Wife, two young children, house paid off, don't have a need for a majorly expensive lifestyle - say £50-60k per annum more than enough for the family.
Worse case scenario that work is not a future option, would this be enough to live from comfortably - age 46?
Funds held in a mixture of pension, isa, company.
Thoughts appreciated in advance.
Wife, two young children, house paid off, don't have a need for a majorly expensive lifestyle - say £50-60k per annum more than enough for the family.
Worse case scenario that work is not a future option, would this be enough to live from comfortably - age 46?
Funds held in a mixture of pension, isa, company.
Thoughts appreciated in advance.
Edited by robt350c on Saturday 21st January 23:12
Thanks all for the thoughts, guidance and suggestions, some good stuff that I will definitely follow up on.
Apologies if I've caused offence to some in asking for views on here, I am researching elsewhere also but experience has taught me to always seek advice far and wide no matter what the subject - and if you want the best outcome, this subject is not as straightforward as some might think!
Oh and never ever spend more money than you have/want/need to, it's better in your pocket than theirs...
Uncertain times ahead but slowly becoming more confident in future financial security of the family.
Apologies if I've caused offence to some in asking for views on here, I am researching elsewhere also but experience has taught me to always seek advice far and wide no matter what the subject - and if you want the best outcome, this subject is not as straightforward as some might think!
Oh and never ever spend more money than you have/want/need to, it's better in your pocket than theirs...
Uncertain times ahead but slowly becoming more confident in future financial security of the family.
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