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Old 08-10-2018, 07:11 AM   #21
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Originally Posted by EastWest Gal View Post
Health insurance cost more than doubled from 2015-2018. Given the political climate in early 2017, I wasn't sure it would even be there. I just need to budget for a new reality. Yes, it can be done. I feel more emotionally ready now. Before I was just tired and burnt out.
You have a cash reserve and can control your income to a point of going on the ACA and receiving full subsidies and cost subsidies, You could receive a no cost Silver ACA plan with 50.00 ded and 2450 Out of Pocket max.

You may choose to not take advantage of this tax law, but that is by choice.

You could definitely retire now and not worry about health insurance for the short term.

Long term, who knows?

Good luck to you,


Retired May 13th(Friday) 2016 at age 61.
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Old 08-10-2018, 08:30 AM   #22
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The OP has more than enough assets for the budget that she has in mind. The question is how to structure the withdrawal to minimize taxable income, and that is something to think about even if there were no ACA cliff issue to contend with.

To the above end, one does not want to withdraw from IRA, and lives off the after-tax money only. One needs to think about how to invest for cap gain and not for dividends, as the cap gain realization can be under the investor control.

In contrast with the OP who has more in the after-tax account than in her tax-deferred account, we had more in our IRA and 401k. Unfortunately, we could not access it prior to 59-1/2, and did not want to start the restrictive 72t withdrawal. So, we lived off the after-tax, and nearly depleted it.

In the pre-ACA days, the only concern was taxes, and I was happy to realize around $100K/year of cap gain while paying little taxes because we had enough deductions on top of the zero-tax-cap-gain bracket. And we were able to do that for a couple of years.

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Old 08-10-2018, 10:25 PM   #23
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I think you're good to go but I'll ask the question I always ask. Do you have any back-ups to your plan? Anyplace you can cut back if push comes to shove? I see you having skills that would allow you to go back to w*rk - even if your skills begin to degrade a bit (or, more likely, technology takes more giant leaps forward and leaves you to catch up.) So far, you've had people begging you to come to w*rk. I don't see that changing. But, just in case, I'd be certain there is something I could give up (or put off) until, say, MC and SS kick in. As always, good luck and YMMV.

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Anything which can be used can be misused. Anything which can be misused will be.
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