Re:Ask HN: Is it possible to retire early on $1m?
by ohnocentral on Monday September 16, 2019 @05:50PM
(#20988918)
What specifically is the issue about retiring in a 'blue state'? If you mean cost of living, the OP might choose Needles CA or some place that is much less expensive than, say the Bay Area. Is there a tax you're referring to that is problematic (i.e. cap. gain tax on investment income in state) or just the hidden taxes (i.e. taxes on fuel etc)?
Re:Ask HN: Is it possible to retire early on $1m?
by pascalxus on Friday September 20, 2019 @05:07PM
(#21031293)
Cost of living is much higher in blue states, unfortanetly. It's a outcome of higher regulation which customers end up paying for. Higher cost of living in terms of Shelter cost, Utilities and generally higher taxes.
Keep in mind, most forecasts (the average) for long term equities say it will yield roughly 3% real, from here on out, much less than the 6.7% that people have become accustomed to in the last century. This is due to slowing world growth, both in population and a slowing of per capita productivity increase.