General Discussion

kelly1mm

(5,756 posts)

9. There are thousands of people early retireing (in 30's-40's) due to the ACA and 401k

Reply to Puzzledtraveller (Original post)

Tue Aug 26, 2014, 10:28 PM

Aug 2014

plans. My wife retired this past June after 22 years as a teacher (she is 46). I will retire next April (I am in the tax field) at 44. Some of said upon hearing of our retirement and especially our plan to use ACA subsidies to pay for health care that we had a duty to work, even though we have more than enough assets and after tax investments to last way past our pensions kicking in and then SS. Heck, even without SS we should be fine.

This has been discussed numerous times in early retirement forums. If interested, I would recommend Mr. Money Mustache for 'regular' early retirement tips and if you want to go hardcore (like 7 years from $0 to retired) then check out early retirement extreme.

No financial interest in either of them by the way. Just helped me to formulate a plan.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

45 replies

= new reply since forum marked as read

Highlight:

Should people who are able to work, have to work? [View all] Puzzledtraveller Aug 2014 OP

Impossible under current circumstances NYC_SKP Aug 2014 #1

Yes, let's start with Romney and W. broiles Aug 2014 #2

If ample work is provided and workers are provided a living wage, yes. conservaphobe Aug 2014 #3

... woo me with science Aug 2014 #4

Damn, thank you! Puzzledtraveller Aug 2014 #5

R. Buckminster Fuller is correct. hunter Aug 2014 #10

+1 nt laundry_queen Aug 2014 #14

^^^Ding, ding, ding! Correct answer.^^^ TexasTowelie Aug 2014 #27

+1 leftstreet Aug 2014 #17

We already have that. It's called capitalism BainsBane Aug 2014 #22

"One in ten thousand...supporting all the rest." MindPilot Aug 2014 #29

We have a system already where a small portion of the population doesn't work, primarily because of CAG Aug 2014 #6

Provide the jobs, and a lot more people will happily work. Erich Bloodaxe BSN Aug 2014 #7

Then wouldn't the entire system unravel? Matrosov Aug 2014 #8

There are thousands of people early retireing (in 30's-40's) due to the ACA and 401k kelly1mm Aug 2014 #9

That's interesting Puzzledtraveller Aug 2014 #15

I think you are doing society a FAVOR by retiring early, thereby giving some younger CTyankee Aug 2014 #39

No. ohnoyoudidnt Aug 2014 #11

Most people should be paid a living wage. liberalmuse Aug 2014 #12

U.S. policy is 'Greed is good' CobaltBlue Aug 2014 #13

I think the word "ability" Shankapotomus Aug 2014 #16

That was one of the issues I have with the idea Puzzledtraveller Aug 2014 #28

Well, there is one factor that could limit Shankapotomus Aug 2014 #38

Bureaucracy and Social Ignorance Gets in the Way of the Ideal daredtowork Aug 2014 #18

Given that productivity has improved by a factor of 4 since the end of WW II, no eridani Aug 2014 #19

Why wouldn't you work, and who would support you? BainsBane Aug 2014 #20

... Boom Sound 416 Aug 2014 #23

Thanks. Sheldon Cooper Aug 2014 #34

Thank you for saying that. hamsterjill Aug 2014 #45

Thank you for spelling all that out for the OP. Starry Messenger Aug 2014 #40

+1 n/t Matrosov Aug 2014 #43

All the robotized manufacturing,... hmm Trillo Aug 2014 #21

I dunno. Do you have something that needs to be done that you're willing to pay for? Recursion Aug 2014 #24

how can people who work for peanuts feel good about work? AZ Progressive Aug 2014 #25

I have never seen work as a bad word. merrily Aug 2014 #26

Define work. hobbit709 Aug 2014 #30

For those of us lucky enough to have jobs, MindPilot Aug 2014 #31

You mean able bodied rich people who have trust funds? Quantess Aug 2014 #32

I agree - most people are pretty useless and contribute nothing el_bryanto Aug 2014 #33

I work hard at managing my family fortune. B Calm Aug 2014 #35

Should some people be able to live off the fruits of other people's work? To quote VanGoghRocks Aug 2014 #36

Hell no. AngryAmish Aug 2014 #37

They should do something Algernon Moncrieff Aug 2014 #41

We should all contribute to society in some manner. n/t lumberjack_jeff Aug 2014 #42

The "utopian" vision of Howard Zinn (from People's History) yallerdawg Aug 2014 #44