So, for that first year of transition into FIRE from w*rking, folks need to plan/pay for the taxes owed for that last year of working from retirement income sources.
Did that last year of working taxes shock you as having to be paid from retirement income?
Did you plan for those taxes and stashed away extra to pay for them?
Seems like once you are in FIRE and expenses vs income streams are 'stable' it is easier to plan, but that actual transition year requires some careful planning.
Did that last year of working taxes shock you as having to be paid from retirement income?
Did you plan for those taxes and stashed away extra to pay for them?
Seems like once you are in FIRE and expenses vs income streams are 'stable' it is easier to plan, but that actual transition year requires some careful planning.