Skip to main content
No. of Recommendations: 2
>> Of course, means testing will be the death-knell of SS. People will realise that they pay 15% of their salary into SS and will get means-tested out of receiving anything when they retire, and revolt. (OF course, young people already know that SS won;t be there for them when they retire. Making it explicit by assing meas-testing will kill it.) <<

It depends. Almost all the means testing we've done so far is based on income, not total assets or net worth. For the last few years I've been increasingly "engineering" our personal finances to maximize our ability to retire with fairly high net worth and modest taxable income. If the increasing trend of means-testing goodies continues to focus on income, I'm pretty sure we could get by pretty well on $50K annual income or less, especially if that gives me heavily means-tested health care subsidies that I'd start losing rapidly with higher income. And some of that will be non-taxable return of capital and Roth investment withdrawals.

It feels a little dirty, but my only choices seem to be to have the system give me a raw deal or for me to exploit the system. And if those are the only options, then I plan to exploit the system.

#29
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.