We are officially covered by an Affordable Care Act (ACA) / Obamacare health insurance plan. Though getting covered was not as easy as we’d expected, and there were some big lessons we learned that all early retirees should know. Plus we talk about the challenge of projecting our income and revisit the benefits of keeping income low for health care purposes.
We’re less than three weeks from our early retirement, and still have a few things to do, mostly on the health care front. Plus we’re noticing that the scarcity thinking in these final weeks is strong — even stronger than we’d guessed it would be. See how we’re coping and help us make sure we’re not forgetting anything!
When we first formulated a real early retirement plan, it was based on the rigid belief that we’d never, ever work again. Or at least never *have* to work again. And while that’s still true — we haven’t expedited our plan by forcing ourselves to earn income in the future — we now expect to get a much more diversified set of income streams in early retirement. In part because life happens and we’ve made some different choices along the way. And in part because that recession hasn’t hit yet, health care is still up in the air, and it makes sense to keep hedging against sequence risk and health insurance uncertainty.
We’re getting into the home stretch! With only about three months left to work — forever! — we’re feeling good about all that we’ve checked off our to do list. But we also wonder, what are we forgetting? And that’s where you come in. We’d love your help to tell us what else belongs on our final pre-retirement to do list. Come chime in!
Today we’re tackling a question that I know a lot of people ponder before retiring early: whether or not to try to negotiate a layoff or severance on your way out, to soften the landing. We’ve given it tons of thought, and have decided that approach isn’t for us — but it very well might be for you. Let’s examine both sides.
Things have been moving quickly in the health care debate, which many of us on the verge of early retirement have been eyeing closely. Just this week, the latest Senate proposals to reform the Affordable Care Act and the later proposal to repeal it altogether were withdrawn. So where does that leave us all? What do we know? And more importantly, what do we still not know about health care and costs for early retirement? Let’s take a close look.
The most recent debates on health care reform have brought out a sentiment that has reared its ugly head before: the idea that health is totally within our control, and therefore anyone who’s not entirely healthy is somehow at fault. Why that’s both false and bonkers, and why it matters.
Our early retirement might be right around the corner, but we still have a lot to do before the year is up to make sure that we’re truly ready to make the big leap. Then after we pull the plug, we have a different set of things to do. Here are our big lists of things to do before we retire early, and right after, as well as things we’ve already checked off the list this year. Are we missing anything? Let us know!
The best thing the Affordable Care Act did for early retirees was introduce some level of predictability about health care costs, and all indications are that that predictability is about to go away, no matter where things land with a new health care law. And that’s a big deal for early retirees. Here are some things you should be thinking about, especially if you’re planning to retire soon.