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Post by colts18 on Jul 21, 2023 6:49:01 GMT
Greetings all, Is there anyone who has recently retired (early retirement)? I have a few questions like what part of the year is best to retire i.e. tax implications, continuing health insurance for US retirees and any other useful insights not covered in the departure guide. Thanks.
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Post by unthinknow on Jun 28, 2024 6:43:56 GMT
In terms of timing your retirement for tax implications, the best times are generally January 1st or July 1st. Retiring at the start of a quarter means your first partial year of retirement income will be prorated, reducing your tax burden.
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