Who has tried this? (Living on a fixed amount to prepare for retirement)

Finance Dave said:
good point Koolau. Currently we are in such a high income bracket that there's little likelihood I'd reach the 7.5% AGI limit. HOwever, once rehired...it becomes almost likely at some point.
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They are going to make it harder on you to reach it, even if you do make less. Remember in 2013 ( I think) medical deductions are going from 7.5% to 10%. That might sneak up on a few people down the road.
 
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