And assuming at least that much gains in portfolio after taxes/expenses for the exact six months before you retires.So for me I'd say that I would need to stay a year extra to get an extra 100k assuming 401k balance of 1 million.
And assuming at least that much gains in portfolio after taxes/expenses for the exact six months before you retires.So for me I'd say that I would need to stay a year extra to get an extra 100k assuming 401k balance of 1 million.
If your just talking income savings this is true but at near early retirement you would think 401k's and savings to be substantial -- At 1 million (although I would not retire with only a million unless I had a pension too -- but just for example) an extra 6 months interest would be $25k to $50k (5-10%) plus add in 6 months regular retirement salary savings and your looking at a total of $35k-60K (in my case)
So for me I'd say that I would need to stay a year extra to get an extra 100k assuming 401k balance of 1 million.
In 1993 I was layed off - Cobra would have ran over $700/mo - I chose ER, no medical insurance for the next 12 yrs and a healthy bad attitude.
Today can afford medical but still have a bad attitude.
heh heh heh - I sure as heck wasn't gonna let medical insurance make me 'w#&k'. Not recommended for others - I also tuned up with no A/C in Louisiana.
Where you can get "interest" of 5 to 10%? Sign me up!
My wife's aunt had a huge capital gain on her TXU stock when it went private in 2007. Lo and behold, she received a notice this week that her Medicare payment would have a big step up in 2009. I don't have the letter to quote the exact figures, but it appears that for AGI above a threshold limit, the Medicare payment is increased accordingly.
That's right. More accurately, means testing will get more stringent resulting in higher premiums for many ERs since the newly-covered will include a disproportionate number of low means individuals.Hi Rich,
Means testing of Medicare is a fact, not a possibility.
That's right. More accurately, means testing will get more stringent resulting in higher premiums for many ERs since the newly-covered will include a disproportionate number of low means individuals.