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no thanks . not until we both are pretty old will we take large sums of money and give it away before we know our own disposition. our draw is based on ALL our assets .
and... when you collect those gains, (?) you can shuffle them off to your DAF for future gifting, and not over achieve on your total taxable income. By hanging onto multiple investment props, you can always sink a few hundred K into repairs / service if needed to keep MAGI in the correct range.
Yeah, I’d rather fund my DAF than fund the tax man.
My OPERS retirement provides medical coverage. When I got another part-time OPERS job, my health insurance costs increased by $74 a month. The main reason I got a part-time job was so that I could earn my remaining Medicare credits. OPERS currently pays 100% Medicare A for grandfathered employees, and 50% for their spouses. Will they continue to pay in the future? I chose to hedge my bets. OPERS employees hired after April 1986 pay into Medicare and receive Medicare credits.
If my retirement pension did not provide health care coverage, I would have worked until I was 65 and eligible for Medicare, like many people.
I'm not yet 65 and currently pay $940.00 a month for an "affordable" care act policy. I can't wait to turn 65!
This is me exactly, but it sure is worth the peace of mind to be insured as I am a cancer survivor and if it wasn’t for the ACA I would be in a terrible situation.
I paid from $900 - 1250/month for 7 years for a platinum plan (I had the $$$; otherwise I wouldn't have retired early). 2 strokes, a hip replacement, and 3 stents later (at age 58 - 64). [note: I never had a cholesterol over 160 or an HDL under 60; never had high BP; glucose always under 90 - like, for 30 years] ...before I made it to Medicare age, I had racked up well over $250,000 in hospital costs during that time.
I work for a hospital system that has a continuation of coverage plan that is relatively reasonably priced. When I retire in January, I will have 6 months to cover until Medicare kicks in; 6 months at $520/month is thankfully doable for me.
That is certainly my worry. COBRA only lasts 18 months, so that means working until 63 and a half. I would love to retire, and give my job to a younger person. But with these costs I can't. The GOP seems to do everything they can to make the ACA not work, but there is no alternative. Just pay through the nose or go without. I am still waiting for the better, cheaper, everyone covered plan that Trump promised.
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