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My kids are graduating in 3 weeks, so my knowledge in this area is about to become dated, and perhaps others can give you better/more recent experience as you get closer to when this might affect you.


I'm OK going into this blind. Our retirement is not contingent on getting financial aid, nor is it a motivator to retire. Getting DH to work hard at play is. As I said, seeing what we get for free with lower income is more of an intellectual curiosity.

What is very real however goes back to the sentiments I originally replied to. The rate of taxation is such that it acts as a deterrent to continuing to work. When you are getting taxed 33% Federal, plus state, SS and other misc taxes, that really good gross paycheck becomes a net mediocre motivator. And maybe that's because we've seen too many friends die behind their desks in their 40's. I guess we are lucky that money for money's sake, and all the trappings it can bring, were never all that important to us. Heck, we haven't raised our standard of living in 20+ years, and while our cost of living will decrease significantly in retirement, I expect our standard of living, according to our standards, will skyrocket.

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