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Yeah, 100% agree that untethering healthcare from employment would make job-hopping easier, and (I suspect) be a big boost for small business formation. Scary to leave your job with healthcare to start your own business or whatever knowing that right away you're $1k/month (or more) in the holeQuote:
Originally Posted by skaredshtles
Yup. You want to make *everybody* an entrepreneur? That's how you do it.Quote:
Originally Posted by dan_pdx
I was doing some health insurance shopping as I get to that point where early retirement becomes more and more enticing. The cheapest insurance I could find for the state of Oregon runs just under $1,400/month with a $9,500 deductible and $50 co-pays for doctor visits. Currently through my employer, I pay about $300/month with a $1,500 deductible and then another $50 for dental and vision. So, it's definitely a big nut to deal with when you are tinkering with the early retirement equation.Quote:
Originally Posted by dan_pdx
But, me and the misses have been looking at options and the current housing situation. We have the good fortune to have a really nice house in a great location that we will consider selling in the next 3-5 years if that allows us to retire a few years earlier. But who knows what the housing market, interest rates and economy will be doing that far out. First world problems.
I did a stint with the county and there were a lot of small business owners better halves also as part of the talent pool.Quote:
Originally Posted by Foggy_Goggles
Yup - I haven't yet run the numbers (because the 3rd kid is still on they payroll) but fully expect health insurance to be the thing that fucks early retirement plans the most...Quote:
Originally Posted by Toadman
Are you guys checking the health exchange? If you keep your income down you can basically get coverage for very low cost or nearly free after subsidy. The gubmint acts as your "employer" and pays the lion's share.
I guess if you retire, your income all of a sudden goes to zero, no? Or does the gov't take a look at what you have in your retirement accounts and other assets and calculate off of that figure?Quote:
Originally Posted by yeahman
You still have taxable income from SS, 401k withdraws and income on investments.Quote:
Originally Posted by Toadman
Because people are not logical and the change would destroy 90+%of private health insurers(nothing of value was lost) and destroy profit in shitty hospital systems. Oh hey Rick Scott.Quote:
Originally Posted by skaredshtles
Take the lobbyists out and it's a lot more tenable
Ought to be able to keep that pretty low in retirement... maybe.Quote:
Originally Posted by Skistack
I guess it depends on a few things. What's the nest egg look like and how is the snow in Hokkaido in January for example.Quote:
Originally Posted by skaredshtles
Yeah - those international ski trips definitely can fuck up the budget. :DQuote:
Originally Posted by Toadman
Ditto. My goal is no later than 58 (10yrs), but those 7 years of $2k+/month insurance costs starts to mess up my forecast. Also need to somehow convince the wife to move to Thermopolis WY. The latter is much less likely to happen.Quote:
Originally Posted by skaredshtles
Adjusted Gross Income is all they look at. They leave it to you to predict your income for the following year and base your subsidy on that. If you come in high or low they settle up with you at tax time. The biggest thing is you can't be eligible for any other health insurance through your job, wife's job, medicare, etc. That worked for us because I was self employed and my wife was working two parttime jobs, neither of which offered insurance to anybody working less than 30 hours a week.Quote:
Originally Posted by Toadman
Would also like to hang it up sooner rather than later, but insurance would likely be our single largest cost. Might look into catastrophic only supplemented with medical tourism
Thermopolis... that's a bit of an odd choice. [emoji848]Quote:
Originally Posted by ColMan
If you know, you know.Quote:
Originally Posted by skaredshtles
Cool little town. Free nice hot springs in a nice park. Small. Bighorns are beautiful. Winds close. I'd chill there for sure
We just had a whole thread about this. If you can live on 4x the federal poverty rate plus the annual HSA max you can get an ACA plan for *much* less than $2k per month (in most states).
That thread gets into a number of other strategies for gaming down AGI. Also, not all money you take out of investments is considered income. Roth distributions, for example, are not taxable income.
In between two wonderful sport climbing locations. It's on my short list although Lander isn't that expensive anyway.Quote:
Originally Posted by skaredshtles
This is extremely state dependent and there are drastic differences from one state to another.Quote:
Originally Posted by yeahman
It’s insane to me that neither political party is running on a platform of universal healthcare or even basic shit like a national minimum vacation policy, national minimum sick leave or parental leave.
Socialism!Quote:
Originally Posted by Kevo
colorado has the famili actQuote:
Originally Posted by Kevo
it just went into effect last year maybe it's brilliant idea
the amount a paycheck is taxed for it is pretty minimal like nothing really
but people fought against their own interests and well being of course cause taxes and gov't you know
but like all gov't shit it will be underfunded in the next year or two because of political math at work
just saw an article graph that showed how red congressional districts take the most federal dollars
thought that was pretty funny
I forgot about that. I think Montana basically punted the whole thing back to the feds and let them set it up. IIRC our asshole politicians were trying to be difficult by not helping, but in retrospect it was probably a good decision for the consumer. My family has been using it for more than a decade and I have no complaints.Quote:
Originally Posted by Kevo
It has always been this way.Quote:
Originally Posted by fastfred