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But what do you do when you retire - and don't have employer coverage? You were talking about retirement projections - yes? Robyn
Being the fiscal conservative you are I have a hunch you will love this. Our former employer still carries 90% of the cost for retirees and once you hit 65 they cover it 100% as a supplemental.
I meant this for you Robin but by mistake I attached it to MathJak.
Maybe my employer will cover it after I leave, who knows.
They either do or don't it it might be something you want to know. It should only take one phone call to your benefits person. It will be a major part of any calculation you use and depending on income could be a significant retirement expense to calculate in.
Maybe my employer will cover it after I leave, who knows.
If they say they will cover it, I would still plan on it not being covered. I think what is happening is that too many employers made retirement promises they can not afford and that they will not be able to live up to. As a tax payer not getting those benefits I do not want my retirement income taxed to pay for promised benefits that were never properly funded.
I came across a calculator earlier this week that factored in SS, Pension reductions and you kicking in the percent of reduction. It was perfect for factoring in changes to SS and your pension. I am trying to remember if it factored in changes in Medicare coverage. I saved it to my desk top and it is not available to me now.
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