If someone who is 43 maybe 44 years old in the u.s. has like at most 15 million usd worth of bitcoin, should they continue to work until theyre at least 62 years of age or can they just retire much earlier assuming they were either receiving annual dividends which were at least 300k usd per year or should they work until at least 50 years old to throw the towel? How can it be determined when they should just stop working all together then? Retire now or until theyre 50/62 years of age to enjoy their $$$?
It's a good challenge. But when deciding whether to retire now or wait? Well, there are some things worth considering, although $15 million is certainly enough to retire on. But the decision isn't just about the amount of money. But it also depends on how you want to live your life. What is your goal? And what are you doing? How does he want to maintain your lifestyle over time? If you earn $300,000 in taxes per year, that's stable income. But you are comfortable with the market fluctuations. Particularly if the bulk of your wealth is tied to Bitcoin or not, a multifaceted approach can help manage that risk.
Another consideration is how you want to spend your time like do you love your job or do you want more freedom to travel, have hobbies, or pursue other activities? You can decide to stay active until age 50 just to build a larger buffer.
A financial planner can therefore calculate how much you will actually need based on your expected lifestyle. However, bottom line, it is very important to balance your financial security and personal goals. Some are content with working a little longer for peace of mind. Some want to retire sooner and calibrate their living styles according to this objective. It is all about what comfort is most provided and what is granted most satisfaction.
Even if you live in the United States, that's a huge amount of money and not everyone has that kind of money. I don't think a 43 year old with a $15 million net worth can't figure out their future and seek advice online.
If it were me, I would go to my local lawyer or financial advisor for the best advice instead of going on forums or social media to seek advice from people who are still struggling with life. That is not a wise idea as it will make people more skeptical. I recommend you find a financial expert or advisor, they will give you the best advice you want to hear.
You have good reason to seek professional advice. Especially if you are managing a large property like this. Financial advisors and lawyers can provide advice based on your individual circumstances. Tax implications and long-term financial goals, of course. However, I think it's also valuable to seek feedback in communities like this and where people can offer alternative perspectives or even share their own experiences.
Of course, the expert financial advisor is invaluable, but the forums can offer insights or feedback that might help frame the questions you pose to those experts. In the end Getting professional advice to organize your finances At the same time, understanding that other people who are similarly situated, how do they guide their own decisions? Sometimes, it is a requirement to be open-minded and make decisions with the proper consideration of all the available alternatives before committing to making an important decision in life.
