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Old 02-25-2016, 02:28 PM
 
Location: Las Vegas
13,925 posts, read 25,470,704 times
Reputation: 26486

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Quote:
Originally Posted by whocares811 View Post
Thanks to ALL who have replied so far!

Yes, health insurance is a concern, but I understand -- please correct me if I am wrong -- that if he is laid off, he will be able to get insurance through ACA (Obamacare) at much less than COBRA would be.
Based on your last years income. Probably will be expensive.
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Old 02-25-2016, 02:55 PM
 
Location: Ocala, FL
408 posts, read 479,282 times
Reputation: 1308
Why would you move to New Hampshire where your property taxes will be $1000 a month? Move to a state with lower property taxes and no income tax, i.e., Florida, Texas, etc. You can buy a nice home here in Ocala for $125K with taxes under $1000 a year.


I am 61-1/2. I have Florida Blue through the ACA. My premium based on income is $125 a month. I have a $2250 deductible which, once met, Florida Blue pays 100% of my health care expenses. I have no copay for my GP, $25 copay for my specialist, no copay for an MRI, and max copay for generic drugs of $16.


If you insist on cold weather and trees with leaves that turn, move to the northern Florida area. Heck, we're looking at lows of 34 tonight here in Ocala. Lots of part-time or full-time jobs here, too. Tractor Supply is looking for people as we speak. It's not engineering, but it's a job with benefits including insurance and vacations.


As an aside, your husband can file for partial unemployment for the weeks he doesn't receive a full paycheck from his current employer. When he gets laid off, he can change to full unemployment until he finds a job.
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Old 02-25-2016, 03:09 PM
 
Location: Tennessee
24,049 posts, read 17,897,365 times
Reputation: 28215
New Hampshire has no state income tax on earned income nor does it have a sales tax. Property taxes can be highly variable between local jurisdictions. Due to the winters alone, NH wouldn't be my cup of tea, but I've driven a considerable amount of it and it is an absolutely beautiful place.
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Old 02-25-2016, 03:52 PM
 
Location: Northern Wisconsin
8,985 posts, read 7,820,022 times
Reputation: 15503
IF I were in your shoes, I'd pretty much do what you've suggested.

1. Take your SS
2. Sell house, take cash and move to NH.
3. Your husband could look for work in his field or find something else to occupy himself.
4. Cutting your lifestyle will really help expenses.

Its sad but true, finding new jobs at 55+ is very tough, no matter how much experience and expertise you have. Maybe he could start his own business. I have a friend that retired and went into a painting/home improvement business. It might be right up his alley. Rural areas out here don't have a lot of trades people who can do that work, and a lot of them charge travel time to venture out from a larger city. That way he could work at his own pace, work the jobs he likes etc.
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Old 02-25-2016, 03:58 PM
 
Location: Gilbert, AZ
3,246 posts, read 2,005,823 times
Reputation: 3401
Quote:
Originally Posted by augiedogie View Post
Maybe he could start his own business. I have a friend that retired and went into a painting/home improvement business. It might be right up his alley. Rural areas out here don't have a lot of trades people who can do that work, and a lot of them charge travel time to venture out from a larger city. That way he could work at his own pace, work the jobs he likes etc.
Certainly that's worth considering if he has some interest and aptitude for home repairs. There is always a demand for reliable and reasonably-prided repairmen. No health insurance, of course, and it can take a little while to become recognized as a reliable person.
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Old 02-25-2016, 04:24 PM
 
7,074 posts, read 1,515,720 times
Reputation: 17509
Quote:
Originally Posted by FloridaHappy View Post
Why would you move to New Hampshire where your property taxes will be $1000 a month? Move to a state with lower property taxes and no income tax, i.e., Florida, Texas, etc. You can buy a nice home here in Ocala for $125K with taxes under $1000 a year.


I am 61-1/2. I have Florida Blue through the ACA. My premium based on income is $125 a month. I have a $2250 deductible which, once met, Florida Blue pays 100% of my health care expenses. I have no copay for my GP, $25 copay for my specialist, no copay for an MRI, and max copay for generic drugs of $16.


If you insist on cold weather and trees with leaves that turn, move to the northern Florida area. Heck, we're looking at lows of 34 tonight here in Ocala. Lots of part-time or full-time jobs here, too. Tractor Supply is looking for people as we speak. It's not engineering, but it's a job with benefits including insurance and vacations.


As an aside, your husband can file for partial unemployment for the weeks he doesn't receive a full paycheck from his current employer. When he gets laid off, he can change to full unemployment until he finds a job.
Thanks for the tip about partial unemployment -- I didn't know about that!

And just, btw -- I certainly don't mean any offense whatsoever! -- I lived in the South for six months, and I just didn't like it. (Yes, we are both definite four-seasons type people, and even the Denver area is not wintry enough for us.)
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Old 02-25-2016, 04:30 PM
 
Location: The Berk in Denver, CO USA
14,121 posts, read 20,570,198 times
Reputation: 23018
Quote:
Originally Posted by whocares811 View Post
health insurance is a concern, but I understand -- please correct me if I am wrong -- that if he is laid off, he will be able to get insurance through ACA (Obamacare) at much less than COBRA would be.
My wife is 58.
Her Kaiser Bronze HSA plan is $440/month. Denver.

Go to https://prd.connectforhealthco.com/individual and click on Browse Plans to get an idea of cost.
It is very easy and the numbers shown are quite close to real life.
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Old 02-26-2016, 03:57 AM
 
Location: Northern Maine
9,805 posts, read 15,050,377 times
Reputation: 9617
Whocares811,

"Welcome to the new world order". The oil and gas business is in decline for one simple reason; lack of demand. There are 95,000,000 Americans between age 18 and 65 not working. That's a fact. We have the lowest labor participation rate in over 80 years. My first sentence up there is in quotes because Bruce Springsteen wrote a song by that title. You can find it on the Internet along with "Youngstown" which is the title of the album.

Tick, tick, tick

I looked it up. The actual title of the song is "The Ghost of Tom Joad".

Bruce Springsteen & Tom Morello - The ghost of Tom Joad (Rock ...
https://www.youtube.com watch

Last edited by Northern Maine Land Man; 02-26-2016 at 04:20 AM..
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Old 02-26-2016, 05:38 AM
 
Location: Colorado Springs
4,930 posts, read 5,045,496 times
Reputation: 17575
If I were your husband, I'd keep looking for a job. The problem with trying to retire at age 59 is increasingly growing health insurance costs even with the Affordable Care Act. By age 64 you can expect premiums of about $1K per month each as well as large deductibles.

For most people, retirement before Medicare at age 65 is not affordable.
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Old 02-26-2016, 07:19 AM
 
14,265 posts, read 7,623,630 times
Reputation: 26082
How is it that an Electrical Engineer can't find work? Unless they have let their skills completely atrophy, metro-Denver certainly has plenty of tech jobs. Rural New Hampshire, not so much.
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