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Strategies & Market Trends : Young and Older Folk Portfolio

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To: SeeksQuality who wrote (7843)	8/10/2024 11:26:41 AM
From: SoCalGal	Read Replies (1) of 22121

I think I understand what you're saying. So perhaps I should continue to keep that $35k in my 401k invested in short term CDs, even though interest rates are trending lower and possibly invest more future dividend income in short term CDs if I start drawing down a lot on the other accounts. That way the 401k is there for unexpected expenses. This is just so difficult because both future income and expenses are very hard to predict at the moment. Good luck with the health insurance. It's rather complicated when your income hits $100k or so. The subsidies seem to be based on national averages and so you are penalized for living in a high cost of living area. And then, there is an additional penalty that increases with income for having a plan that costs more than the second lowest silver plan. In California, the second lowest silver plan is a low cost HMO and the health insurers have drastically raised the prices of PPOs, so that none of them cost less than the silver HMO. At my age and health history, I'm not comfortable with HMO options, so we pay a lot.

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