Anyone else planning on retiring early due to the availability of health insurance

[aka:PBS]

kelly1mm (1,868 posts)


Anyone else planning on retiring early due to the availability of health insurance

Last edited Fri Jun 29, 2012, 02:47 PM USA/ET - Edit history (1)

at 133% of the poverty level? I am. I am 41 and wife 43. No kids, paid for house/farm, non-tax deferred investments will generate about 17K per year so just make the 133% of poverty line limit for medicaid insurance. Since we grow most of our own food , heat with wood, have solar panels/well, and no debt, our living expenses are less than 12k per year now. We have been thinking of retiring early but health care for the next 20+ years was the big stumbling block.

I think you will see LOTS of people like my wife and I leaving the ranks of the corporate world as there are many that are working now just for the health benefits.

Is anyone else planning to retire early in 2014? Do you think this will be a trend? Will it be a good thing or a bad thing? Should open some spots for the younger generation in the workplace but lose alot of tax revenue from older workers.

http://www.democraticunderground.com/1002878851

Jesus...are the DUmmies living in a dream world now? They are starting to think that this is going to mean that they all will get free care....

[Hubie]

http://www.democraticunderground.com/1002878851

Jesus...are the DUmmies living in a dream world now? They are starting to think that this is going to mean that they all will get free care....

http://www.youtube.com/watch?v=P36x8rTb3jI


Just sayin'...

[DumbAss Tanker]

http://www.democraticunderground.com/1002878851

Jesus...are the DUmmies living in a dream world now? They are starting to think that this is going to mean that they all will get free care....

Apparently he's smoking what he's growing. Market turbulence hosing up his investments, a natural disaster, an unanticipated liability, or even an unforeseen change in EPA/State DNR enforcement policies (On his wood heating, for instance) over the years could torpedo that plan in an instant. He seems to be planning to live hand to mouth for the next 30-odd years with the Government, i.e. taxpayers, supplying at least two of the fingers on that hand. Getting a new job to catch up after taking ten years off to play Wood Elf is going to be a damn' sight harder than he would think, if he has actually bothered to think things through to that point so far.

[3rd-try]

So this means somebody actually believes what Obama says?!
Maybe Biden, but other people?

[Odysseus]

Apparently he's smoking what he's growing. Market turbulence hosing up his investments, a natural disaster, an unanticipated liability, or even an unforeseen change in EPA/State DNR enforcement policies (On his wood heating, for instance) over the years could torpedo that plan in an instant. He seems to be planning to live hand to mouth for the next 30-odd years with the Government, i.e. taxpayers, supplying at least two of the fingers on that hand. Getting a new job to catch up after taking ten years off to play Wood Elf is going to be a damn' sight harder than he would think, if he has actually bothered to think things through to that point so far.

He's only going to get one finger from me.

[txradioguy]

No kids,

You'll be taxed now because you're not doing anything to put new future payees into the system.

paid for house/farm,

Which thanks to Kelo will be siezed for public housing...or use by a member of the DNC.

non-tax deferred investments will generate about 17K per year

Don't count on that either. Bush tax cuts expire at the end of the year so expect to see your tax bill to rise...oh yeah...and there's that 5% increase in the capital gains tax that's coming too.

[Hubie]

Hey, to "retire early," don't they first need to have jobs? And of the ones that do have jobs, what kind of mark of distinction is it to retire from flipping burgers?