Back on the OT about Withdrawal Strategies...
We presently have a group plan through DW's employer. Not cheap, but a heck of a lot better than private individual insurance (been there, done that, ouch!). As long as DW works till age 65, which she wants to, we're set for insurance coverage. Unless something happens to prevent this, never say never. So ACA offers the first hope for a "Plan B" for us.
I took a quick look at our 2012 tax return, if I subtract out DW's wages, our AGI would be well below 15K! Sounds good? I don't think so. Seems we would have to have our AGI equal to or exceed the FPL for two people (I don't have an exact FPL $ for that) to qualify to use ACA. Otherwise, we fit into the hole above Medicaid (no expanded Medicaid here). Medicaid is obviously out anyway, due to assets
So for ACA to work as a possible Plan B, we would have to
boost our AGI!
Seems someone here was talking about that recently, but I cannot find the thread, and at the time that I read it, I didn't understand. I have gotten a bit smarter in the last few days on ACA, now I understand.
We could raise our AGI by doing IRA to Roth conversions.
Does anyone know the FPL dollar amount for two people?
Anyone else in this bottom-end category, or thinking of it for a Plan B if you lose your present wages income and group insurance?