if that money is coming from selling off some equities, it would likely be long term capital gains, which... I believe the first $x000 are taxed at 0%. Your po

if that money is coming from selling off some equities, it would likely be long term capital gains, which... I believe the first $x000 are taxed at 0%. Your point about $20k not being much is true, but I also would presume that someone who's saved that much probably would have some social security coming in, at least doubling that.