Search found 17 matches

by pamcnm
Sun Oct 14, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Kaiser or CareFirst
Replies: 39
Views: 2071

Re: Kaiser or CareFirst

As a Kaiser midwife in NorCal, I'm happy to see all these great recommendations for Kaiser! I needed to undergo cancer treatment 6 years ago and I can't say enough good things about how wonderful it was to everything "integrated." I need of orthopedic surgery in early 2019 and Kaiser will pay for me...
by pamcnm
Thu Oct 11, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

Re: early retirement for health reasons- pension option ss income leveling?

My income leveling option is calculated is based on SSNRA (66 years and 8 months for me). There seem to be quite a few different ways to take my pension, and that's what brought me here with my question. It doesn't seem to make adjustments for inflation, however. If I take a monthly annuity of $235...
by pamcnm
Thu Oct 11, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

Re: early retirement for health reasons- pension option ss income leveling?

What is FRA for the pension? Is it 60? If not, what sort of reduction are you looking at by taking the pension early? Also, does the pension have a cost of living adjustment? My pension has a level income option as well, but the end date is 62 for everyone--but they don't know/care if you file for ...
by pamcnm
Thu Oct 11, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

Re: early retirement for health reasons- pension option ss income leveling?

I will be 61 in January ... If I retire next spring, per my current pension estimates I could receive a lifetime annuity of $2352 . A fixed sum payment for 120 months would be in the amount of $4199 , and if I took an income leveling option I would receive $4318 until 66 years 8 months and then I w...
by pamcnm
Thu Oct 11, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

Re: early retirement for health reasons- pension option ss income leveling?

I thought CA law required up to 3 years of COBRA? If so, maybe you can tough it out one more year? Then you would be covered until Medicare age. Plus you would build up more breathing room budget wise. I can't afford to retire and live in the COBRA service area. I will need to leave California. Can...
by pamcnm
Thu Oct 11, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

Re: early retirement for health reasons- pension option ss income leveling?

A couple of more points; 1) In addition to Social Security Disability payments you may have company provided disability insurance that might cover your own occupation for the first year. 2) Something like disability payments or a different job does not need to cover all your expenses, it would just...
by pamcnm
Thu Oct 11, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

Re: early retirement for health reasons- pension option ss income leveling?

I thought CA law required up to 3 years of COBRA? If so, maybe you can tough it out one more year? Then you would be covered until Medicare age. Plus you would build up more breathing room budget wise. I can't afford to retire and live in the COBRA service area. I will need to leave California.
by pamcnm
Thu Oct 11, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

Re: early retirement for health reasons- pension option ss income leveling?

Megabad, thanks for your question. I have a lot of pension payout options. Unfortunately, the lifetime annuity is not enough for me to live on until I qualify for ss. If I retire next spring, per my current pension estimates I could receive a lifetime annuity of $2352. A fixed sum payment for 120 m...
by pamcnm
Tue Oct 09, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

Re: early retirement for health reasons- pension option ss income leveling?

DM2 I can't think of a job in nursing that doesn't involve lifting and using my hands- unless you're talking about management or education. I wouldn't make enough in education to pay the bills, and I would have more hours, not less in a management job (and I would be miserable beyond measure workin...
by pamcnm
Tue Oct 09, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

Re: early retirement for health reasons- pension option ss income leveling?

A friend of ours (single woman in early 70's) just sold her single family home (as a teardown) for an excellent price and moved from this very HCOL area to a lower cost area and purchased a home (or condo) for about half of what she got for her home here. As indicated in my original post, that's wh...
by pamcnm
Tue Oct 09, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

Re: early retirement for health reasons- pension option ss income leveling?

To those of you suggesting SSDI do you understand how little money that is to try and live on? My payments would be $1792 a month. My OA wouldn't qualify me for SSDI payments at this time. They would make the point I could do another job- which is true. I just wouldn't make enough to pay my bills wh...
by pamcnm
Tue Oct 09, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

Re: early retirement for health reasons- pension option ss income leveling?

Talk to Human Resources about options. If you cannot transfer to a less strenuous job, then given your musculoskeletal status, you may qualify for Social Security Disability (SSDI) which includes Medicare, https://www.ssa.gov/planners/disability/ Please check California's (short term) disability pr...
by pamcnm
Tue Oct 09, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

Re: early retirement for health reasons- pension option ss income leveling?

bhsince87 wrote: ↑
Tue Oct 09, 2018 10:57 am
I thought CA law required up to 3 years of COBRA?

If so, maybe you can tough it out one more year? Then you would be covered until Medicare age. Plus you would build up more breathing room budget wise.
I need to leave California when I retire.
by pamcnm
Tue Oct 09, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

Re: early retirement for health reasons- pension option ss income leveling?

DM2 I can't think of a job in nursing that doesn't involve lifting and using my hands- unless you're talking about management or education. I wouldn't make enough in education to pay the bills, and I would have more hours, not less in a management job (and I would be miserable beyond measure working...
by pamcnm
Tue Oct 09, 2018 12:48 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

Re: early retirement for health reasons- pension option ss income leveling?

Megabad, thanks for your question. I have a lot of pension payout options. Unfortunately, the lifetime annuity is not enough for me to live on until I qualify for ss. If I retire next spring, per my current pension estimates I could receive a lifetime annuity of $2352. A fixed sum payment for 120 mo...
by pamcnm
Mon Oct 08, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2143

early retirement for health reasons- pension option ss income leveling?

I am currently employed as a nurse midwife but have worn away all the cartilage in my right wrist and there isn't a good surgical solution for me. I have mild arthritis in my left hip, low back and both thumbs. I am also a stage 3 colon cancer survivor (6 years). I actually lead a very healthy and a...