It sure does to me.
Questions:
1. Does retiring now sound like it makes sense?
Definitely not. The Premium Tax Credits (PTCs) for 2025 will be based on their 2025 MAGI. It isn't like IRMAA which looks back 2 years.2. Their taxable income is going to be 120k this year (and was around that last year), everything I'm reading online indicates aca subsidies are based on taxable income (magi). Does this mean they won't get a decent subsidy if my mom retires now until 2026 ? Or is there any way to use my dad's 30kyr income (or maybe 45k if my mom takes SS now) instead? Since that would be their income as soon as she retires....
Statistics: Posted by Kosh976 — Sat Oct 19, 2024 12:06 am — Replies 3 — Views 178