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Re: Enough retirement income to avoid Medicaid

I'm in the same boat, living on my savings and don't have enough income to avoid Medicaid. However, I think a Roth conversion is considered income. So, a TIRA to Roth IRA conversion of > 12,000 will put you over the cutoff dollar amount.
by xsas
Thu Aug 21, 2014 7:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Enough retirement income to avoid Medicaid
Replies: 30
Views: 3130

Re: lost job - can I retire now

Mittchell777, you're right it is low. My monthly SS, if I continue to work until my full retirement age, would be 2,423, and at age 62 if would be 1,725. I'm not sure how to calculate SS when one stops working before 62.

Mur44, yes I estimate monthly health care premiums to be $700.
by xsas
Sun Jul 28, 2013 8:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: lost job - can I retire now
Replies: 39
Views: 6006

Re: lost job - can I retire now

Thank you for taking the time to respond to my question, you have given me a lot to think about. I want so badly to retire, however, I do agree that I need at least 1 more full year and then perhaps a few years at part-time work. My original target nest egg was 1 million and I think I will stick wit...
by xsas
Fri Jul 26, 2013 11:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: lost job - can I retire now
Replies: 39
Views: 6006

lost job - can I retire now

Hi all, Lost my job today. However, I'm hopeful I can retire now. I’ll be 57 at the end of the year and feel that my total nest egg may be big enough to start my retirement now. This is my first posting, but I've been reading this blog for awhile and I value your opinions and would appreciate your t...
by xsas
Fri Jul 26, 2013 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: lost job - can I retire now
Replies: 39
Views: 6006

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