You might explore how you will manage taxation in retirement. Ira withdrawals are straightforward taxable income, but do you have taxable savings to support retirement? You may be able to manage things in a way that will permit taking some capital gains tax free or possibly doing Roth conversions. This can get complicated and is highly individual. See a classic BH thread on this topic: viewtopic.php?t=87471
You might also go back and look at ACA coverage and health insurance costs. ACA plans can have varying levels of coverage and you may be able to find one that is similar to your employer's plan. If you can keep your income low, you may find the subsidies compelling, though there are changes scheduled for 2026 that will reduce this benefit for some. I imagine there will be political news stories to follow on this subject in 2025.
Retirement is a big life change. I would prioritize your physical and mental health as well as your deferred wants over optimizing your departure date. It just won't make any meaningful difference in the long-term survival of your portfolio.
You might also go back and look at ACA coverage and health insurance costs. ACA plans can have varying levels of coverage and you may be able to find one that is similar to your employer's plan. If you can keep your income low, you may find the subsidies compelling, though there are changes scheduled for 2026 that will reduce this benefit for some. I imagine there will be political news stories to follow on this subject in 2025.
Retirement is a big life change. I would prioritize your physical and mental health as well as your deferred wants over optimizing your departure date. It just won't make any meaningful difference in the long-term survival of your portfolio.
Statistics: Posted by desiderium — Sun Mar 24, 2024 10:53 am — Replies 8 — Views 511