I (36M) make about 2 million a year, and I'm trying to retire, but my wife (34F) wants to keep working due to fear of boredom and loss of identity.
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I am a successful finance professional who has done well for himself. I have saved over 50 million and would like to retire and travel the world with my wife. I'm not really sure what else to do, I don't want to just sit around the house all day. My wife and I have been married for ten years, and we are childfree by choice. My wife has a fulfilling career in medicine and she absolutely loves it. She has been concerned that retiring will make her bored and lose her identity. <br><br>I understand her concerns, but we don't need the money and we should be enjoying our lives without the burden of work. I've suggested hobbies, volunteering, or teaching, but she's hesitant. I want her to be happy, but I also want us to enjoy this stage of life together. Advice needed.<br><br>Edit: Thank you for the comments. To clarify, my wife knows my income. She does not know my exact net worth. Let's just say she is not hurting for money. As for my retirement plans, I really don't know. I thought traveling with my wife would be fun, but now I'm not sure. Maybe I will teach or volunteer. I will have to work on that part. I feel like most people where I live work their but off for 40 years and then retire and enjoy life. I feel like I have won the lottery and should take advantage of what I have accomplished. She feels like we both need to "give back" to the world with our talents. I kinda feel the same way but I don't know how to help people with my skills. Let's just say I have been called "evil" and "the devil" by my clients, so not sure how they would react to me trying to help them. <br><br>Edit part 2: Wow, this blew up. I thought I'd get 5 replies. I am floored by the number of comments and the stories that people are sharing. Regarding access to UPM. My wife was not given access to UPM, so she could only see withdrawals and deposits, but she knows what her share of the monthly deposits are, and she knows that I withdraw 5 million a year for the household. She knows that the rest is invested, but she does not know where. I will admit that I should have been more transparent with her, and I will get on that this weekend. I really need to think about why I am keeping it from her. I am just as concerned for my identity after retirement as she is. I love excel spreadsheets lol.<br><br>Edit part 3: I think the biggest takeaway from all these comments is that we both are afraid of losing our identities. I understand now that I need to sit down with her and we need to figure it out together. I think the biggest problem for me is that she is just so driven, and I don't know how to compete with that. However, I think I just need to accept that, and that I will never be able to compete with her drive. I will always come in second place. I am not sure I am ok with that, but I will let you all know how it goes this weekend. Thank you for your help. <br><br><br>Edit Update: Hi everyone. I thought you would all like to know what happened. I sat down with my wife on Sunday and I just let her talk about why she wanted to keep working. After she was done, I told her why I wanted to retire. I also explained that I understood her position, and she needed to understand mine. After a few minutes of back and forth, we have come to the following agreement. I will retire, and she will cut back to half time. We will both volunteer an hour a day at a hospital, and we will take turns choosing where we go on vacation. And that is that. It was pretty anti-climactic. I offered her full access to all of our accounts on UPM, and she politely declined. She knows she can go on there at any time. Thank you all for your help!
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