Though a lot is still unknown about what policies we’ll see under a Trump presidency, this much is clear: a lot is going to change. From health care, to taxes to economics, here’s what we know so far about the election’s impact on early retirees.
Today, a post about the under-recognized benefits of spending less in early retirement, because spending less means earning less, and earning less means a whole bunch of benefits. (Psst: the biggest one is insulation from Obamacare price hikes.) Let’s take a deep dive into the many benefits that come with earning a low income in your early retirement years.
There’s an issue that we’ve struggled to get our heads around, which we’ll call our optimal retirement income: a level at which we get a big Obamacare/ACA subsidy on our health insurance, we pay low taxes and we enjoy a comfortable standard of living. But calculating that number is not as straightforward as it seems. Enter the income vs. cashflow discrepancy!
We value our health pretty much above everything. If we had a such thing as a “health portfolio,” it’s safe to say we’d value that above its financial counterpart. Something we are thinking a lot about is how we’ll ensure that we always have access to good quality medical care at every stage of our lives. Here’s the rundown of options we’re currently considering as the landscape keeps shifting.
Something we get asked about semi-regularly is our two-tiered retirement plan, and why we aren’t thinking of our taxable and tax-deferred funds as all one pool. Here’s a breakdown of why.
