Re:Ask HN: Do you have the courage to abandon your high payi...
by segmondy on Tuesday April 10, 2018 @11:14AM
(#16801936)
If you retired with a family and have 38k and got $28.5k after tax. Do you know how much health insurance costs for a family? Property tax on a property that's $600k is not going to be cheap either. Add utilities, property maintenance. You are going to be looking for another job fast or dipping into your savings.
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Re:Ask HN: Do you have the courage to abandon your high payi...
by toomuchtodo on Tuesday April 10, 2018 @11:32AM
(#16802086)
In the right states (ie, those who took ACA subsidies from the federal gov), your premiums are based on your income. Low income = low health insurance premiums.
Agreed that a 600k condo is a poor choice; move to a college town where you can get a single family home for $150k-200k and the property taxes are only ~$2-3k/year. Avoid an HOA.
You can retire at any time if your investment income can support your expenses. Think about those expenses carefully. It is entirely possible for a family of four to live off of ~$30k/year if you receive ACA subsidies, your house is paid off (no housing expense), and you have no outlier expenses.