Correction: the healthcare bill under the early retirement scenario would drop as well: I'd save another $100k total over the 8 years of early retirement because about 1/3 of the health care costs would be subsidized. So the government would be picking up another $100k in costs over the eight years.
Correction: the healthcare bill under the early retirement scenario would drop as well: I'd save another $100k total over the 8 years of early retirement because about 1/3 of the health care costs would be subsidized. So the government would be picking up another $100k in costs over the eight years.
Total reduced taxes and increased government costs of pushing one family to retire early: $160k + $800k + $100k = $1m+
Geez, wait, we need to add another another $20k in annual reduced taxes to the government as my income wouldn't be subject to social security any more, so another $160k the government doesn't get to collect.
Correction: the healthcare bill under the early retirement scenario would drop as well: I'd save another $100k total over the 8 years of early retirement because about 1/3 of the health care costs would be subsidized. So the government would be picking up another $100k in costs over the eight years.
Total reduced taxes and increased government costs of pushing one family to retire early: $160k + $800k + $100k = $1m+
Geez, wait, we need to add another another $20k in annual reduced taxes to the government as my income wouldn't be subject to social security any more, so another $160k the government doesn't get to collect.
Total loss to government: $1.2m+.
Call me crazy, but I’m starting to think you should retire early.
You're not crazy. But that also means forgoing income. The government doesn't take all of it :)
Had I but a bit more stashed away, it'd be a no brainer.