Chillin In Place™
Some time ago I answered the question, “So what do you do all day?” by highlighting the annual schedule for my ideal Travel/Recharge/Create lifestyle.
Now that we are more Chillin In Place™, this is how I enjoy early retirement on a daily basis.
Lake Atitlan, Guatemala
Hi Jeremy, thanks for all you do. I really appreciate everything you share on GCC. You guys are really living the dream. The thing is, we really love our life here in the US. Traveling the world and having grand adventures might be fun for a year or so, but we ultimately want to just enjoy a simple life in a (TBD) nice place in the US. I know this is different than what you guys are doing. What do you think?
Well… I have to say…
Hey GCC, the Foreign Earned Income Exclusion is amazing! Thank you so much for making me aware of this – I’m able to pay no tax on my entire earned income! I also saw on your blog that it is possible for a married couple to earn about $100,000 in qualified dividends and long-term capital gains. Can I do that too?! That is, since the FEIE excludes all of my overseas work income, can I also harvest $100k of capital gains tax free?! Cuz that would be sweet!`
I agree that would be sweet. But no. Mostly.
The end of 2018 marked the completion of 6 full years of early retirement and world travel.
It’s been a fun ride so far… we’ve traveled a bit, had a few good meals, and taken many naps.
But how effective have these 6 years been in terms of implementing our tax minimization strategies? Are Roth IRA Conversions, Capital Gain Harvesting, and nomadic strategery just fantasies we keep while working, or do they actually produce results in the real world?
Let’s do a financial check-up and see how we are doing.
It’s April 15th again, time to play with taxes!
2018 is the first tax year under the Tax Cuts and Jobs Act, our 6th tax year as early retirees, and our 1st retirement year paying income taxes.
I guess it was good while it lasted… even if it was optional.
