The Law On Social Assistance lists the following types of municipal social benefits: the poor family social assistance benefit- for the stabilization of the family income at a definite level; the apartment benefit- assistance to the family in paying the rent, utility services and covering expenses...
Unless we can sufficiently build our 529 accounts andsupplemental income streamswell ahead of time, retiring before our kids finish college could put our long-term retirement security at risk. My original retirement goal forced me to aggressively save for college since each kid received their Social...
To answer your second question, no, I’m not worried at all. I keep a close eye on my finances so I’ll be able to monitor my accounts and predict how long my pre-standard-retirement funds should last. Since I won’t be tied down to a particular location, I’ll also have the fl...
So you could have a home worth $200k and $800k in net worth to support you. Many FIRE people live on less than $30k a year (the famous ones especially), so no problem. Reply Jess says May 8, 2017 at 11:51 am Fair point! Reply Steven Snyder says May 8, 2017 at 6:54 am ...
I completely ignored Social Security, which will benefit most people at a level between $1000 and $2500 per month for a big portion of their older years. I ignored any incidental income or inheritances or profits you might make on selling your house someday, and the list goes on. So ...
Once both kids are in school full-time, I plan togive up on early retirement. The void you will feel is why it's so hard to stay retired once you've retired early. Finding a community of great people with a common mission is what I long for the most. And if I can work from ho...
Also, notice that I didn't include Social Security,pensions, or anything else. This is simple, stripped down math to make a minimalist point that is unarguably clear. Anyone can retire early and live with financial independence (but not freedom) in 10 years or less. It's absolutely, 100%...
Onthe government side: official pension agemaywill step away, pension benefitsmaywill change, social security may disappear and so on. Onthe life side: you may need time away to be close to an aging parent, a family member, or a friend who needs help and so on. ...
What's even “easier” than both parents saving 55% of their after-tax income is that one parent works, while only one parent saves as aggressively. This way, the early retiree parent can simply be added on the working parent's healthcare and all other benefits. ...
Hi dear readers, Yes, two consecutive posts on our financial update. After this one I plan to publish another personal post (about the flat move), then it's time to put my hands on some technical topic :) NOTE: brace yourself. This is by far the longest