Awesome you made killing in Real estate sales over a number of years, and multiple positive business exits! Would imagine some/portion of your splurges could be justified as business expenses - kinda nice!Prodiver wrote: ↑Sun May 26, 2019 7:39 am Well, I think we are around 8.5 at age 69.
4 year BS degree. Started a rep business and tonned it in the late 70’s. Made up to 35k a month. Sold it, and got into residential real estate sales. Absolutely killed it. Never under 250k, the highest was $700k. Inheritance twice from both families. Started new business at 65 and have someone wanting to buy me out at almost 2 million.
Had boats, airplanes, motorcycles, second homes. Lost 500-600k on various ventures. No 401k. Cashed in the ira to start new business but there wasn’t much in it. Paid for private health insurance for the family and it was EXPENSIVE!
So now I’m on Boglehead trying to figure out what to do. Going to sell out in a year or two. I’m actually scared of waking up with nothing to do! But it’s been a great ride...
You almost sound like your lifetime earnings match your lifetime savings - you may be a PAW (prodigious accumulator of wealth, per Millionaire Next Door). Kudos to you and success. What someone going to advise other than usual 3 fund portfolio, and some amount of Asset allocation!?
Your best legacy may be to return some of that knowledge and success back to society! Help grow someone or .org succeed while you take a relaxed backseat !!