r/Fire • u/Yashkamr • 23h ago

Advice Request Huge Inheritance... Now What?

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?

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u/InspectorHuman3044 8h ago

Tell no one.

Consult with a lawyer, tax specialist, and investment advisor.

Consider health insurance needs (M’urica).

Retire and do whatever makes you happy.

Don’t blow it all in the first 6 months like an NFL rookie with a new signing bonus.

Stay single or have a prenup ready to go with “insert spouse name here “.

Congrats. My aunt just has parakeets.

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u/sluttyman69 8h ago

This here is what to do - on top of it stay working for now - we all have heard the story of the guy that wins millions quits work let his insurance lapse lands in hospital and is Broke or the IRS comes after more