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baquerd
Jul 2, 2007

by FactsAreUseless
How do any other FI people deal with government programs for the poor? It appears to be super easy to run with a taxable income that qualifies one for food stamps while having millions in assets and drawing 80k actual expenses. I suppose though, that many actually retired people also run into this question - is this common among traditional retired people?

Edit: it actually looks like, after further reading, that assets are a disqualifying thing. My state's online calculator asks for assets but incorrectly says they are fine to have? http://fscalc.dhs.illinois.gov/FSCalc/calculateFS.do

baquerd fucked around with this message at 21:28 on Oct 13, 2018

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baquerd
Jul 2, 2007

by FactsAreUseless

smackfu posted:

It seems like early retirement might force you to follow a spending budget strictly to not blow past your plans, but a lot of people who can retire early never had to follow a budget during their working life. How does that tension work out?

One more year syndrome definitely comes up, but ultimately anyone who can claim to be financially independent is going to be either potentially deluded or fairly familiar with their yearly spending amounts and savings necessary to maintain that spending level.

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