pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I am eligible for SS but I have NOT factored any SS in any of my calculation. I am not sure it will even be there when I become of eligible age. I am assuming I will receive zero dollars from SS and no Medicare, i.e., I have to buy health insurance or go to Bangkok to get medical treatments (after reading Khufu's thread--this is a distinct possibility) if I should need a knee or hip replacement or anything major.
I also want to wait until 2014 to see what the health insurance situation will be. I have no pre-existing condition right now. I have excellent health but should I be diagnosed of something, I really am concerned about the pre-existing condition issue w/ health insurance.
I think assuming zero SS and Medicare is too conservative and the result will be that you end up retiring later than you could. Everything I have read indicates that those near or at SS age will receive most of what they are being told they will receive and any changes will most likely affect those currently younger than 50. Even if you put on a 30% haircut to the SS you would be due wouldn't that reduce your WR dramatically?
On the health care front, have you checked into what a policy would be in the state where you plan to be retired? And then there is always COBRA for the first 18 months but in my case private insurance (in a state with no pre-existing conditions limitations) was about 1/3 less than my COBRA.