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A pal of mine (yes, really, none of this Martin rubbish) is in his mid 50's.
He could sell his assets (property) and come away with net c£1.5m, whilst being entirely debt free (including mortgage).
He has enough interests to keep himself busy, so he feels boredom won't be a problem.
His lifestyle isn't lavish, but he and his family do like nice things and decent holidays, so there is a current lifestyle to maintain - I guess this is the bit that makes the question tricky for you guys to answer.
However, with modern healthcare, he could live to, lets say, 90.
So, will his net £1.5m sustain him/them for the next 35 years, if managed /invested appropriately.
Supporting rationale would be useful, as I'll show this to him.
I know there are many variables, but, hey, it's Sunday night and the telly is sh*te, so....
Ta.
He could sell his assets (property) and come away with net c£1.5m, whilst being entirely debt free (including mortgage).
He has enough interests to keep himself busy, so he feels boredom won't be a problem.
His lifestyle isn't lavish, but he and his family do like nice things and decent holidays, so there is a current lifestyle to maintain - I guess this is the bit that makes the question tricky for you guys to answer.
However, with modern healthcare, he could live to, lets say, 90.
So, will his net £1.5m sustain him/them for the next 35 years, if managed /invested appropriately.
Supporting rationale would be useful, as I'll show this to him.
I know there are many variables, but, hey, it's Sunday night and the telly is sh*te, so....
Ta.
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