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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (29991)	11/4/2018 5:07:39 PM
From: maverick61	Respond to of 34328

It's typically cheaper to go directly to the insurance companies rather than use an exchange -- at least here in CA -- unless you qualify for a subsidy, which we are not remotely close with our income in retirement exceeding our income when we were both working full time You are correct. If you are not going to qualify for a subsidy, then your best bet is to try and buy coverage directly - and not on the exchange. The problem is the individual market has dried up a lot - because of Obamacare and the requirement that plans provide coverage for a host of items. Plans had to meet certain guidelines which made them very expensive. Now that may be changing with the penalty for not having insurance eliminated as part of the tax reform act, and the loosening of regulations to allow skinnier plans. It is worth looking into for someone in Elroy's situation As to the income subsidy requirements - yes, that will vary a lot by individual. If you have a traditional pension like it sounds your wife does, that hurts in the calculation. if you had 401K / 403B plans like many people, then they will not impact any income calculation unless you start withdrawing funds from them. That is how I plan to manage our income after retiring early. I will not draw down on any retirement assets. Instead I will draw upon non-retirement funds we have saved. I have slowly moved some of this into cash and plan to move another chunk into cash either before year end or early next year - depending on when my wife plans to retire. I will be ok earning 2% to 3% in money market savings / CDs on this money which we will use for living expenses the next 5 years . Yes, less of a return than I could get otherwise but it will save a lot on health insurance costs I will continue to invest for income and dividends on the other half of our non taxable funds - hoping to stay under the $32K level for ACA purposes . And of course I hope to continue to invest income and dividends on my retirement accounts as well but not draw on them until after we are over 65