patrick.net

I would say yes, go for it. Continuing to work and accumulating more money won't make much of a difference to his finances. He is still young enough to enjoy his one and only life.
If he starts spending more he can always claim early social security. He also has enough assets to fall back on.
Health insurance would be a major consideration. Cost, type, and from where. If anyone has some insight on the most efficient health insurance for frequent and long term world travelers, please post.

Since they have no children they really have no reason to accumulate more money for generational wealth. I would retire and enjoy life you only live once. Health insurance seems like the only issue but if they have that much they can afford it.

The only other issue is his 52yo wife, how will she be once he isn't at work all the time will they get annoyed at each other this is usually when divorce happens, women getting extra moody around that age.

RC2006 says

Health insurance seems like the only issue but if they have that much they can afford it.

They can afford the health insurance, but here's the problem....You won't be covered outside the country. If they will be spending all or most of their time outside the USA, they will need another policy? for travelers?

Strategist says

RC2006 says

Health insurance seems like the only issue but if they have that much they can afford it.

They can afford the health insurance, but here's the problem....You won't be covered outside the country. If they will be spending all or most of their time outside the USA, they will need another policy? for travelers?

I guess it depends on how long they spend in each country, wouldn't it be cheaper than here?

If he is 62, he must be careful about health insurance. Obamacare "Bronze" will be about $11,000 per year for him. If he has to buy it for his wife, I don't know that figure but it may be high also. I don't think he wants to shuck out $20,000/year for ACA approved health insurance right off the bat.

So, he will in 2019 have the option of dropping out of "ACA Approved plans" and buy something bare bones for maybe $300/month? I am not sure about his number at all.

The question is whether he is very healthy or not; if he is very healthy, he can maybe work another year or so, just postponing his adventures. If he could work part time and still have health insurance, even better.

I predict he won't quit working; the same mind set which allowed him to save (frugality) won't allow him to give up all the money from working, plus all of the expense of health insurance for him and his wife.

Annoying injection of politics: the huge increase of health care costs is partially a result of 1. laws requiring medical treatment for anyone who arrives at a hospital 2. vast numbers of imported and domestic poor who think health care is a "right".

clambo says

So, he will in 2019 have the option of dropping out of "ACA Approved plans" and buy something bare bones for maybe $300/month?

Please elaborate on $300.00 per month.

The $300/month per person was a guess, someone mentioned buying a super bare bones policy for around this amount, but I don't have any knowledge directly. He mentioned using E insurance for a search but I don't know if this is the way to go.

In Jan 2019 I will look for it and can advise then about prices they quote me.

Before Obamacare my premiums were about $180. Of course, I was younger then by 10 years.

addendum:
I looked at a website called "e health insurance"

The "disaster" insurance is shown under "Medical insurance packages" They don't pay out very much.

One example: for $436/month it pays $2000/day hospital stays unlimited days per year. Doctor office visit=$60
for $578 it pays $3000/day hospital stay, unlimited days per year. Doctor office visit=$60

They aren't really hippie days without a bevy of rutting hippie chicks in thin granny dresses, hairy armpits and massive, musky hairy bushes, eyes rolling back in their heads while hallucinating on psilocybin shrooms, arms raised to the sun, begging for spare change in between trips and returning to their sacred guru with their offering and stripping him nude for animalistic, grinding sex around hookahs and incense, while Jefferson Airplane drones on a turntable.

Everything else is pretense and wishful thinking.