If I read it correctly, you are planning to retire in 7-8 years. And that would be 2-3 years before you were 65. I'd budget more than $200/month. Probably more like $1000/month/person. In my mind it is better to over budget for medical, and not need it (rather than under budget and need it).If I retire 2 or 3 years before Medicare what should I budget for healthcare assuming no major changes in my situation or current laws?
I'm very healthy and get physicals every couple years and my healthcare costs are 99% health insurance. Just the occasional cold medicine would be only exception
I am median income and will be able to control my taxable income to pay very little for ACA coverage.
So if I was retiring today I would spend less than $200 a month on healthcare unless something major happens. I will have plenty of discrenary spending to spend if something comes up in general.
So in my planning is $200 sensible to use as a planning number in today's dollars for retirement in say 7 or 8 years?
You can always change your budget as you get closer to actually retiring.
Statistics: Posted by dknightd — Fri May 03, 2024 7:13 am — Replies 99 — Views 5922