I recently learned something that I'm sure many who've already retired may know.
If you earn under a certain amount, you pay zero federal taxes on capital gains. That amount is very high, by mustachian standards, married filing jointly it's $70,700.
I feel like I should have know this already, but I didn't. So I'm posting it here for those who also may not have know.
This plays a pretty big role in my early retirement calculations, since virtually all my income will come from capital gains.
http://www.bankrate.com/finance/taxes/no-capital-gains-due-for-some-investors-1.aspxThere are all sorts of tax advantages too, particularly when you drop your income even lower. I wish there was some way to figure out the amount I should withdraw to maximize ALL possible tax credits, write offs and loopholes.