I would recommend a deeper think on what lifestyle you would require in retirement, take a conservative look at variability and the complete picture of cost before quitting the work force with $400k-$500k. Entering the workforce again with any gap may not be as easy as commenting on this...
this will free up roughly $200,000 a year in after-tax children related expenses, which is equivalent to roughly $333,300 in gross income based on their 40% effective total tax rate.
I won’t literally move it in this case. Instead, I’ll move the money to my taxable investment account. I’ll sell ~$85k ofVanguard Total Stock Market ETF (VTI)in a retirement account(likely my Roth IRA or rollover IRA)and buy the VGSLX there. Then I’ll buy ~$85k of VTI in...