Early Retirement Health Insurance Strategies | Roth Conversions vs. ACA Subsidies

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5 • 706 Ratings

🗓️ 4 June 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Healthcare subsidies are like a tax break and should always be optimized, right? That seems like an easy question that should have a straightforward answer. But the correct answer is, “It depends.” Cole from Move Health is back, as he and James explain how advanced premium tax credits work, when you might not want to take them, and why it’s imperative to have a financial plan and a tax strategy in mind as you make healthcare insurance decisions. They share case studies and remind liste...

Transcript

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0:00.0	Last week on Ready for Retirement, we had Cole Craven on where we discussed health insurance
0:03.8	options for people who are retiring before the age of 65, or in other words, before Medicare
0:07.9	kicks in. Today, we're joined by Cole again, and what we're going to talk about isn't just
0:11.9	health insurance options, but specific strategies that you can use, specifically if you have an ACA
0:17.1	covered plan. This is another episode of Ready for Retirement.
0:22.8	I'm your host, James Knoll, and I'm here to teach you how to get the most of the
0:25.7	life with your money.
0:27.1	And now, on to the episode.
0:30.6	Cole, welcome back, excited to jump into this.
0:33.2	Hey, thanks for, thanks for having us again, James.
0:36.1	I'm excited to be here.
0:37.5	I know Drew's done a little bit with you, and we're excited to not only partner with
0:41.6	Root, but to be able to help bring some clarity to, you know, health insurance, some of the
0:46.4	strategies we'll talk about today.
0:47.9	Yeah, looking forward to it.
0:48.9	And last week was fairly high level.
0:50.2	Just look, if you're going to retire before 65, health insurance is one of the biggest
0:54.1	hangups for most people.
0:55.1	We just talked about there is a lot of planning that goes into it, but it is very possible,
0:59.9	and we went over some of the options.
1:02.0	Today, we're going to drill down a little bit more into ACA coverage and specifically some
1:07.0	strategies around how to implement that as part of your larger financial plan.
	...

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