Late 30’s and currents have $1million in taxable brokerage along with $300K in 401K that I max out each year.
I make a modest salary and with some good research and luck, I invested heavily into about 8 stocks in 2018 which is now worth $1 million (NVIDIA a big part of that)
I want to start spending $25-30K a year in travel. Have balance of investing but also living life more now and now just in my 50’s and 60’s.
I have estimated if I keep maxing out my 401K until I’m 57 that it will be worth about $4 million, and that’s with very modest return rate.
What can I do now with the taxable brokerage to generate some travel income annually without selling? Or should I just slowly selling some positions and I want to have the additional income?