Interesting idea. I’d like to go back and track 25 years of my wife’s medical expenses. She’s the unicorn that was given a 1% chance of being around five years after stage IV cancer diagnosis in 1995.
I’ve started over four times on the savings program.
Now she’s receiving $28k/yr tax free from the VA, a military pension and social security.
Her income offsets (?) our spending on her pre-existing conditions for many years.
Fast forward, we upsized, to our second and retirement home, I work part time, and after two abdominal surgeries and a month and a half in hospital, in 2019, she’s better than ever!
My S Corp will bring in $72k this year. My “employer” and employee contributions to my 401k will total $36K. I’ll issue myself a W-2 for about $30K. From that I’ll deduct about $8k in self employed health insurance (including long term care), HSA contributions, and IRA contribution.
I net nothing from working. LOL. But that’s how Obamacare works.
I introduced myself a few years ago and was exhausted and ready to quit. I’m glad I didn’t.
Pre-ACA, the wife’s expenses over that month and a half in 2019 is where I would have started negotiating with providers. It was about $450K. We walked away at about $12K.
So finally my point.
Life has too many variables for this tax accountant to get anything out of your analysis.
I’ve always been an accumulator, but life didn’t work that way..
I have managed to save about $700K.
I guess I spend all my time now looking forward. My new goal is $8000/month in retirement. We can get by on that after a life of few extras.
W-2s and tax returns present tax reporting for a calendar year, they frequently don’t tell you much more.