Comments on: How to Retire at 50 in 7 Easy Steps https://www.goodfinancialcents.com/how-to-retire-at-50/ Fri, 10 Nov 2023 11:59:13 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Bob Stewart https://www.goodfinancialcents.com/how-to-retire-at-50/#comment-9564932 Tue, 01 Sep 2020 17:20:54 +0000 http://gfc-live.flywheelsites.com/?p=30536#comment-9564932 Hi, Jeff. Found one of your other discussion threads and then found this one. I am a big fan of letting a Roth IRA do double-duty as retirement and savings (IF the person has sufficient discipline). So I like your suggestion. Good idea to contribute to one, even with just a few hundred dollars,

Ditto for Roth conversions, but would this help your Roth Conversion Ladder? I think the conversion rule requires five CALENDAR years. If I convert on 12/31/20, I can withdraw it on 1/1/2025. So I only have to wait ~4+ years instead of five. How does that sound?

Thanks again for the ideas.

]]> By: Robert Conger https://www.goodfinancialcents.com/how-to-retire-at-50/#comment-9529864 Thu, 12 Sep 2019 00:07:09 +0000 http://gfc-live.flywheelsites.com/?p=30536#comment-9529864 This might seem obvious, but don’t get an alcohol habit later in life. It starts to happen.

]]> By: Jeff Rose https://www.goodfinancialcents.com/how-to-retire-at-50/#comment-186573 Sun, 12 Aug 2018 18:19:31 +0000 http://gfc-live.flywheelsites.com/?p=30536#comment-186573 In reply to Aaron.

Hi Aaron – That really is an issue. You can try going with a COBRA plan from your employer, but those are expensive and last only 18 months. If your spouse still works, you can stay on her plan, if she’s covered. You can also try a part-time job with health insurance, or look into a Christian health sharing ministry. If all else fails, look into the health insurance exchanges at healthcare.gov. Select the plan with the highest reasonable maximum out-of-pocket, making sure you have enough money in an emergency fund or HSA to cover the out-of-pocket. There are no easy options here, so I’d recommend looking into several to find the one that works best for you.

]]> By: Aaron https://www.goodfinancialcents.com/how-to-retire-at-50/#comment-186550 Sat, 11 Aug 2018 10:12:58 +0000 http://gfc-live.flywheelsites.com/?p=30536#comment-186550 Thanks for the great article. How would one deal with health insurance when retiring at 50? Would appreciate any tips on this.

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