I left my job a few months ago. My higher earning wife is leaving hers at the end of the year. FIRE away! We're planning on going on a California Covered silver plan - which looks great. Assuming neither of us draws a paycheck, our taxable income will drop from $125k+ to about $30k in taxable dividends.
Has anyone had experience or problems with that? I mean, do we have to justify to anyone in the system that our incomes just mostly vanished?
I am sure this has been covered before but was hoping to get the latest stories / advice from people who may have been in a similar situation.
I joined this site 15+ years ago and the advice I got here was invaluable, sane, and way ahead of its time. Thank you as always to the community, particularly the long-timers who created such a great resource.
Has anyone had experience or problems with that? I mean, do we have to justify to anyone in the system that our incomes just mostly vanished?
I am sure this has been covered before but was hoping to get the latest stories / advice from people who may have been in a similar situation.
I joined this site 15+ years ago and the advice I got here was invaluable, sane, and way ahead of its time. Thank you as always to the community, particularly the long-timers who created such a great resource.