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Old 10-09-2010, 11:04 PM   #21
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Originally Posted by Rich_in_Tampa View Post
Are you sure? I understood that at 65 withdrawals for nonmedical expenses are subject to tax. Withdrawals for medical expenses are, of course, tax-free.

Hope you're right.
Any withdrawals after age 65 for non-medical expenses will be treated like income and will be taxed.
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Old 10-10-2010, 01:52 AM   #22
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Agreed. I gave this reference as a possible starting point. The website is quite new and up to date.

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(that site may be a good place to start)
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Old 10-12-2010, 08:45 AM   #23
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Originally Posted by Rich_in_Tampa View Post
Are you sure? I understood that at 65 withdrawals for nonmedical expenses are subject to tax. Withdrawals for medical expenses are, of course, tax-free.

Hope you're right.

Sorry, I should not have said without tax. Too late to edit I guess.
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Old 10-12-2010, 09:19 AM   #24
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The www.healthcare.gov now has very good information on which plans are available in your state for you to compare rates and coverage.
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Old 10-12-2010, 09:32 AM   #25
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The www.healthcare.gov now has very good information on which plans are available in your state for you to compare rates and coverage.
It does, but doesn't tell you why one company is better than another, how their underwriting is different, how their networks are different, how often their claims get reviewed, and a whole lot of other information. Throw in the fact that 95% of the people out there don't know what a deductible or co-insurance is, when they apply, or how they work, and the DIY approach doesn't look so good for health insurance.
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