Key insights
- The post discusses the feasibility of retiring in one's early 30s with $2 million, focusing on investment strategies and tax implications. The user seeks advice on simple investment plans and resources, while avoiding financial advisors. The market impact is slightly negative as it reflects individual financial planning rather than broad market trends, potentially indicating a slight decrease in labor participation.
TDLR:
After selling business, partnerships, and other assets/taxes I’ll have between $2-3 million, I’m extremely frugal, and am looking for a solution that isn’t extremely complicated or require tons of paperwork.
I’m guesstimating at the low end, Is it realistic to be able to retire in early 30s with 2 million? What would be considered a smart investment planning route or a good place to learn about what a good plan might look like?
I’m pretty financially literate, but not entirely sure for tax purposes and it’s a bit overwhelming to plan everything. I’m trying not to hire a financial advisor if possible, and also want to keep things as simple as possible.
Not including any of that I have about 120k in Roth and 370k in a mix of stocks, mostly voo/brk/misc
Just looking for different opinions/options/ resources for planning this out. Or would it be smarter to just go through a financial advisor?
Single, no kids, no debt. Might plan for a family in the future but unsure atm. Mostly been a boggle head type
Is this unrealistic to think I can retire with 2m in early 30s?