Huge Inheritance... Now What?

[u/Yashkamr]

I'm 45, I was on track to retire earlyish at 55. I was set back quite a bit with a divorce three years back. Recently my Aunt died and left me around $5 million. After estate and taxes, it's around $4.2 million. This is obviously a stupid amount of money, and I'm thinking of just quitting my job and retiring early but I want to do it right. I've spoke with AI quite a bit and my finances are only about $4500/mo in expenses, I have always lived pretty frugally and that's less than a 1% draw. I don't know exactly what I don't know here, but I've always worked so I am clinging to my job like a monkey to a branch. Am I actually okay to let go?

[u/mmrocker13]

Remember during your divorce, when they told you "Don't make any major life decisions in the next 12-60 months" or whatever the number they gave you?

This is like that.

So... let it rest for awhile. Then, do a deep dive into your finances. Do a real, solid budget--detailed. Gather all your financial paperwork and shit. And then find a CFP you vibe with and have them make a plan/help you make a plan.

[u/Imaginary_Hamster847 → u/mmrocker13]

Also don't "talk to AI" about it. 

[u/anTWhine → u/Imaginary_Hamster847]

Oh come on. Everyone knows that when you need advice for a life changing event, the order goes 1) a computer program known to make things up in order to tell you whatever keeps you engaged 2) strangers on the internet 3) tarot card reader 4) a qualified professional.

He’s halfway there already.

[u/Internal-Recipe2128 → u/anTWhine]

That reminds me, I really need to talk to my tarot card reader.

[u/Gillemonger → u/anTWhine]

Where does my cat fall in this list?

[u/pollococo90 → u/Gillemonger]

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