Early Retirement & Financial Independence Community - View Single Post - Scott Burns on "retirement income realities"

Eagle43 · 04-29-2007, 04:25 PM

After retirement, I found that my income dropped, but that's offset by a reduction of medical insurance, social security and 401k deductions and the income tax bite. So my take-home pay seems at least as good, if not better than when I was working. Social Security income and military pension income both have small cola increases annually. Combine that with my eventual withdrawals from the IRA investments (income from assets), and my income should increase for quite awhile.

04-29-2007, 04:25 PM	#6
Eagle43 Thinks s/he gets paid by the post Join Date: Jan 2005 Posts: 1,680	After retirement, I found that my income dropped, but that's offset by a reduction of medical insurance, social security and 401k deductions and the income tax bite. So my take-home pay seems at least as good, if not better than when I was working. Social Security income and military pension income both have small cola increases annually. Combine that with my eventual withdrawals from the IRA investments (income from assets), and my income should increase for quite awhile. __________________ Resist much. Obey Little. . . . Ed Abbey Disclaimer: My Posts are for my amusement only.