sherrywilliam
Dryer sheet aficionado
- Joined
- Jan 27, 2015
- Messages
- 40
I have been reading earlyretirement for quite a awhile, and got a lot of good answers I needed from others questions and replies.
Retirement came early for my husband because of a layoff in sept 2014 after 30 years in same company...but we had been thinking of him retiring this January anyway so we were not in too bad of shape like others who were let go.
Our plan is to defer taking ss until age 66 or possibly 70. He turned 62 this month I am a few years younger than him. We are forced in aca, because the cobra was very expensive which we did pay for in 2014 and started aca Jan 2015 big price difference! We have to keep our magi down this year to keep the aca cost down. We are taking from ira, after unemployment runs out in a few months I am trying to keeping yearly income on magi at 22500. Luckily for us we have savings to compensate for what else we need above the 22500
That is my 4 year plan! Will wait until his 66 birthday to decide then if we take ss or try to hold out for age 70. Actually I will be the one deciding my husband has no interest in any of the financial and has always left if up to me to figure out the plan and he goes along with it!
Have enjoyed reading the good advice here
Sherry
Retirement came early for my husband because of a layoff in sept 2014 after 30 years in same company...but we had been thinking of him retiring this January anyway so we were not in too bad of shape like others who were let go.
Our plan is to defer taking ss until age 66 or possibly 70. He turned 62 this month I am a few years younger than him. We are forced in aca, because the cobra was very expensive which we did pay for in 2014 and started aca Jan 2015 big price difference! We have to keep our magi down this year to keep the aca cost down. We are taking from ira, after unemployment runs out in a few months I am trying to keeping yearly income on magi at 22500. Luckily for us we have savings to compensate for what else we need above the 22500
That is my 4 year plan! Will wait until his 66 birthday to decide then if we take ss or try to hold out for age 70. Actually I will be the one deciding my husband has no interest in any of the financial and has always left if up to me to figure out the plan and he goes along with it!
Have enjoyed reading the good advice here
Sherry