Quote:
Originally Posted by NemesisX
My dad hit $15M in liquid net worth this year after 37 years of working/investing. He's 61 and 95% of his money is in Vanguard funds with extremely low expense ratios that track the S&P500. He's well aware that for his age and intended retirement (he wants to retire by 77) his portfolio is extremely aggressive given that it's mostly equities. Income trajectory was $40k to begin, $160k mid 90s, $300k early 2000s, $500k 2010-2015, and recently $800k-$900k the last couple of years. Expenses are around $150,000/year which is why he can afford to be aggressive.
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what does your dad do for a living? he must really enjoy his work ... to be planning on working until he is 77 when he has more than a comfortable nest egg put away
make sure you don't piss him off so you stay in the will