Situation - DW (52) retiring in November. I (53) am semi-retired.
For 2016 we will be buying ACA policy. Expected income is $55-60k from rental properties (after depreciation), $5-10k in capital gains and $10-15k in real estate commissions. Therefore, no subsidy. So estimating $70-85k in MAGI.
Option 1 - Choose ACA plan that qualifies for HSA and $6,650 shielded from tax
Option 2 - Full pay ACA but we then can write off the amount over 10% of earnings on itemized taxes (mortgage deduction and property tax alone will exceed standard deduction amount)
So is the decision based on my estimate of income and how much our medical expenses will be? Right now I was planning on $16-18k/year but that's just a SWAG from the average cost of healthcare I see online.
Also, does our choice change if we want to do something like a Roth Conversion?