https://www.cnbc.com/2022/07/15/millionaire-who-retired-at-35-why-im-not-scared-of-a-recession.html

"People thought we were crazy living so minimally during a bull market where everybody's making money. [They said] we should be living large," Adcock says. "But we didn't do that. Now we're making almost no changes, and everybody else is."

See? If he can do it, so can you.

    • silent_water [she/her]
      ·
      2 years ago

      fair enough, I'm just saying that I think any plan like this has to self-insure to some degree, which means having a slightly larger savings target before you start living off of distributions.

        • silent_water [she/her]
          ·
          2 years ago

          the way I see it this is an adversarial system and if you’re not taking advantage, you’re being taken advantage of.

          damn straight.

          I mean, in many states if you own a house and only live off retirement income then you can run up debt until the cows come home and they can’t take a penny from you

          can't they put liens against your house and then force you to sell via court judgements? I know they can if you declare certain forms of bankruptcy for sure, but I'm not clear when liens can force a sale if you just don't do that.