California E&S Insurance

Cashing out before Labor Day at $10mm NW (after paying CA cap gains and Fed taxes) Advise on plan I’ve been working for 31 years, I’m in my 50’s. I’ve been a modest part of 2 IPO’s and some California real estate. I’m giving notice to retire before Labor Day (the irony ) I finished paying some frightening tax bills to the Fed, California, and one other State this year. California cap gains will subtract the cap gains paid in another State , so 13% CA- x (State #2), but an accounting firm handled all this stuff. The taxes were large, hope it goes to help others , not to subsidized billionaires. My NW is now north of $10mm, this also includes my primary residency and 50% ownership of a second home . I met with a lot of folks and although I know IP law , I have no issue paying .5% management fees for my portfolio. I prefer professionals manage my money. I’ve also been through good times and bad times on the market. I’m targeting 4-5% interest with a conservative portfolio manager. We’ve got a heavy tax exempt and some tax deductible (including municipal bonds), I like bonds because they relatively are stable (bond funds as Russel and FT). I’ve got $2mm in stock. My real estate is in full and already paid for my kids through grad school be t year. What am I missing ? Edit: thank you for the comments and knowledge . Wife has medical insurance and pension. We plan to live on $300-$400k annually, no principle needed . We know we can live larger if we need too , gonna try to pass the wealth on to our kids and it’s I’m a trust,

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  "title": "Cashing out before Labor Day at $10mm NW (after paying CA cap gains and Fed taxes) Advise on plan ",
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