A Reddit user, a 60-year-old physician with $7 million invested, feels burnt out but is apprehensive about retiring due to fear of losing his income. Having worked since he was 12, he struggles with the psychological shift from earning to drawing down savings. Consulting a financial advisor could assist him in planning a secure retirement, as his investments should comfortably support his current monthly expenses of $10,000, indicating he has sufficient funds to retire and enjoy life without financial worry.
One of the easiest ways for him to make that shift would be to talk to a financial advisor to create a detailed plan.
With a $7 million net worth, including $5.3 million in stocks, bonds, and other income-producing assets, he should have plenty of money.
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