> No one making $300,000 a year "needs" a paycheck to "live." What does that mean? The 300K is the paycheck (annualized). It's what they use to pay expenses t

> No one making $300,000 a year "needs" a paycheck to "live." What does that mean? The 300K is the paycheck (annualized). It's what they use to pay expenses to live. If the paycheck goes away you no longer can pay those expenses. i.e. of course they need the paycheck to live. Are you suggesting someone who made 300K once can now retire instantly and never again need a paycheck? It doesn't feel like the above quote is fully thought through. Now, sure, if they've been making 300K for a couple decades, hopefully they've stashed away enough to eventually retire. But that's a very different statement.