Reported about 1 year ago
The article discusses a 40-year-old individual with two school-age kids considering leaving a corporate job to live off the interest from $500,000 investments. The person is contemplating moving the funds to a brokerage account for monthly earnings but seeks advice on whether to pay off the mortgage or rely on investments given monthly expenses, future financial comfort, and the impact on retirement benefits. Suggestions include careful consideration, creating guardrails for expenses, keeping an emergency fund, exploring part-time work options with benefits, staying updated in the field, and being cautious of the risks and stress involved in relying solely on investment returns for living expenses.
Source: YAHOO