‘The stress at my job is getting worse every day’: I’m 61, earn $177K, and have a 401(k) with $965K. Do I retire and downsize?

Core Insights - The individual expresses concern about workplace stress due to rapid changes and a perceived superiority attitude among colleagues [1] - Financially, the individual has a substantial retirement savings of $956,000 in a 401(k) and $190,000 in stocks, with an annual income of $177,000 [2] - The individual is contemplating downsizing or relocating to be closer to family, which could alleviate mortgage burdens and enhance social connections [4] Financial Situation - The individual has a total of $1,146,000 in retirement savings and investments, with plans to live on $65,000 annually post-retirement [2][3] - There is significant equity of $450,000 in the current home, which could be leveraged if downsizing or moving occurs [4] - Concerns about future healthcare costs are highlighted, especially given family history with health issues [3][4] Lifestyle Considerations - The individual desires a low-maintenance lifestyle that allows for volunteering and travel, rather than a high-spending lifestyle [5] - There is a strong aversion to ending up in a nursing home, reflecting a desire for independence and quality of life in retirement [5] - The individual is weighing the emotional benefits of being near family against the comfort of their current living situation [3][4]