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Old 12-18-2010, 07:57 AM   #21
Dryer sheet wannabe
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If you have Health Care covered and are planning on around 15% increases each year in your numbers and they are actual tracked expenses then you should be fine as there are really no guaranties.

DW and I are both 46 and ESRd three years ago. We do both have pensions coming later and only have two kids. Our total portfolio amount and expense ratios are comparable now. It has been overall a good thing. We have been able to do more with the kids and each other as well as take 40+ day trips in the summers! We never could pull that off while working. We love to RV.

Look at is this way your life is likely 2/3 over so do you want to trade anymore of it for $. Sounds like Joe D. doesn't it! From the Book your money or your life.
Health care does have me concerned. For the cost part of it, I have planned increases at roughly 10% above my guess of what we'll pay ($15K/yr). 15% or higher just blows my mind -- I wonder if that growth is really sustainable in the long run? If you compound that 15%, in about 15 years, you would probably be paying close to $ 100k a year for health care.

I'm even more concerned about issues some people have with being able to get a policy with conditions, etc. We don't have any major issues -- but the all the uncertainties around future health care is a worry. I probably need to do more research on this in general.
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Old 12-18-2010, 08:19 AM   #22
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I'm even more concerned about issues some people have with being able to get a policy with conditions, etc. We don't have any major issues -- but the all the uncertainties around future health care is a worry. I probably need to do more research on this in general.
As you might imagine, this is the biggest stumbling block for many of us - it's the #1 reason I'm hesitating myself.
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Old 12-19-2010, 09:37 AM   #23
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A thought about health care availability for those with preexisting conditions that prevent obtaining insurance on the open market.

Under current law, health care insurance will be available without medical underwriting as of Jan 1, 2014. Backing that up by 18 months (typical COBRA eligibility period) would give a retirement date of July 1, 2012.

Since you've already made "your number", that could be "your date".

FWIW, I expect the labor force participation rate may just drop somewhat dramatically right around then, as many who are only working for the insurance can finally get off the treadmill.
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