ziggy29
Moderator Emeritus
I may have some more MAGI planning ahead of me, even after I thought I had it figured out for 2014. If her congregation approves the new council recommendation next month, DW is set to get about a 30% bump in total compensation next year in her new contract. (Guess they must like what she's doing!) About half of that bump comes from their covering her with health insurance, but the other half may largely be cash compensation. Good for us, yeah, but I think we'll have to be diligent about putting a lot of that into an IRA and/or her 403B to keep us under the 300% cliff, which is critical in our situation -- a single dollar taking us over that threshold could cost us several thousand.
It's just interesting that we live in a new world where suddenly improved economic fortunes are immediately met with... uh-oh, now what do I have to do to stay on the right side of the ACA cliff? "ACA Cliff Management" may become a big time industry soon.....
It's just interesting that we live in a new world where suddenly improved economic fortunes are immediately met with... uh-oh, now what do I have to do to stay on the right side of the ACA cliff? "ACA Cliff Management" may become a big time industry soon.....
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