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Old 09-13-2016, 07:41 PM   #381
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Hristomilo, this has been much discussed and is an individual decision. Given OPs health issues might be correct choice to take at 62.
Every decision is an individual decision, unless one are married. That does not mean that some decisions are not superior to others.

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Old 09-13-2016, 08:30 PM   #382
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Great News!, Forced to Retire!

I'm really happy for you. As far as your future happiness and your ability to play well with others (at work or elsewhere), you may want to pick up a book on the subject. I don't have any to recommend but other folks on this thread may. I'm almost 61 and I realize that the way we communicate is a key to how we attract friends. I just retired and live in a retirement community with a lot of activities. I just started joining these groups and find a lot of different personalities (just like at work). It's a little uncomfortable at first but pays off after getting to know some folks.

I also recommend you look at the ACA or Federal Health care exchanges (I used to work for the one in CA for a short stint). They are meant for people in your shoes who have no income and need a subsidy. You have always powered through this in your life and it's clear you are used to paying the freight so to speak. I recommend you check it out. People with no income usually get free medical care through Medicaid. Paying Cobra is unsustainable. I used to work in HR and I see the bills for Cobra. I think only 1 % of the folks go for that.

I also listen to financial experts like Dave Ramsey (Financial Peace University - available for a nominal cost in different communities) and Clark Howard. Getting educated in this respect (how to live below your means) and ways to get money on the side (pizza delivery for example) are no joke. That's the way many folks get out of debt. Lucky for you, you have no debt but need to get on a realistic budget. Best of luck to you.

Come back to this forum anytime as you can see how people love to help.
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Old 09-14-2016, 04:21 AM   #383
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I looked into ObamaCare and due to my low income I can get health insurance for about $200 with a moderate deductible starting 1/1/2017. (I am paying $700 a month now using COBRA)
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Old 09-14-2016, 06:04 AM   #384
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I'm really happy for you. As far as your future happiness and your ability to play well with others (at work or elsewhere), you may want to pick up a book on the subject. I don't have any to recommend but other folks on this thread may. I'm almost 61 and I realize that the way we communicate is a key to how we attract friends.
I just paid my 12 y o son to read "How to Win Friends and Influence People" by Dale Carnegie. Son looked up several times to ask who "Emerson" and other people were, but enjoyed it very much. I found that book extremely helpful to me, and I think he will as well- you might give that book a try- any library will have it.
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Old 09-14-2016, 07:24 AM   #385
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I looked into ObamaCare and due to my low income I can get health insurance for about $200 with a moderate deductible starting 1/1/2017. (I am paying $700 a month now using COBRA)
Wow the savings are starting to pile up, that must feel good. Just keep nibbling away at that list. This is very similar to losing weight, once you really start in on diet and exercise and start losing the pounds it suddenly seems so much easier to follow that path.
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Old 09-14-2016, 07:26 AM   #386
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I looked into ObamaCare and due to my low income I can get health insurance for about $200 with a moderate deductible starting 1/1/2017. (I am paying $700 a month now using COBRA)
While that is good news, was the pricing you looked at where you currently live or where you will be living? It probably will not make a difference, but check to make sure.
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Old 09-14-2016, 07:43 AM   #387
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If he remains in a Medicaid non-expansion state, he will need to have ACA MAGI of at least 100% of FPL to continue to qualify for these premiums. (Actually this is a requirement in all 50 states, but in expansion states Medicaid will kick in for those that don't achieve these income levels).

For year 2017, I think his income will need to be at least $11,880.
Once he starts drawing Social Security this should be less of an issue.

And just to be clear - withdrawals from after-tax accounts to fund living expenses are not considered income (but dividends and capital gain distributions would be).

-gauss
AARP Tax-Aide volunteer
site ACA subject matter expert
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Old 09-14-2016, 01:52 PM   #388
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Great news on the lease issue.
Consider the advice on walking; I've lost more than 10 pounds the last year by hiking regularly. Easy for me to say--there are 30-40 great hikes here in Reno within a 5-25 minute drive. DW and I have one 20 mile segment left to complete the Tahoe Rim Trail this summer.
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Old 09-14-2016, 02:23 PM   #389
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Re walking regularly: Even if you don't lose (much) weight, your whole body will get stronger from habitual exercise. It's a change you will surely feel.

Great news about your health insurance, too.
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Old 09-14-2016, 02:26 PM   #390
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I just paid my 12 y o son to read "How to Win Friends and Influence People" by Dale Carnegie. ...........
If you'd paid attention when you read it, you could have convinced him to read it for free.
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