pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Considering ER soon at age 56. In the initial years after ER will be drawing on taxable savings and investments and letting 401K and IRAs ride until later. Tax deferred accounts are most of my fixed income portfolio and my taxable accounts are mostly equities.
As a result, my "income" will be mostly dividends in the first few years after ER. Interestingly, it seems my income will be low enough that I may get some property tax relief and possibly partially subsidized medical insurance under programs designed for the "poor".
Would it be right to "take advantage" of these programs as long as I legitimately qualify? I'm torn in that I realize that I am not the intended recipient the programs were designed towards which seem to ignore net worth and focus on income. On the other hand, I've paid plenty in taxes over the years so perhaps I should participate guilt-free.
Have other ER run into this "problem"?
Thoughts?
As a result, my "income" will be mostly dividends in the first few years after ER. Interestingly, it seems my income will be low enough that I may get some property tax relief and possibly partially subsidized medical insurance under programs designed for the "poor".
Would it be right to "take advantage" of these programs as long as I legitimately qualify? I'm torn in that I realize that I am not the intended recipient the programs were designed towards which seem to ignore net worth and focus on income. On the other hand, I've paid plenty in taxes over the years so perhaps I should participate guilt-free.
Have other ER run into this "problem"?
Thoughts?