Real Estate Crash thread

[dan_pdx]

Wouldn't most companies rather not have the enormous expense of providing health insurance?

I think most would.

I can't figure out why more people don't realize the personal freedom that universal healthcare would bring.

Yeah, 100% agree that untethering healthcare from employment would make job-hopping easier, and (I suspect) be a big boost for small business formation. Scary to leave your job with healthcare to start your own business or whatever knowing that right away you're $1k/month (or more) in the hole

[skaredshtles]

Yeah, 100% agree that untethering healthcare from employment would make job-hopping easier, and (I suspect) be a big boost for small business formation. Scary to leave your job with healthcare to start your own business or whatever knowing that right away you're $1k/month (or whatever) in the hole

Yup. You want to make *everybody* an entrepreneur? That's how you do it.

[Toadman]

Yeah, 100% agree that untethering healthcare from employment would make job-hopping easier, and (I suspect) be a big boost for small business formation. Scary to leave your job with healthcare to start your own business or whatever knowing that right away you're $1k/month (or whatever) in the hole

I was doing some health insurance shopping as I get to that point where early retirement becomes more and more enticing. The cheapest insurance I could find for the state of Oregon runs just under $1,400/month with a $9,500 deductible and $50 co-pays for doctor visits. Currently through my employer, I pay about $300/month with a $1,500 deductible and then another $50 for dental and vision. So, it's definitely a big nut to deal with when you are tinkering with the early retirement equation.

But, me and the misses have been looking at options and the current housing situation. We have the good fortune to have a really nice house in a great location that we will consider selling in the next 3-5 years if that allows us to retire a few years earlier. But who knows what the housing market, interest rates and economy will be doing that far out. First world problems.

[AdironRider]

Yes and no. I don't know shit about how premiums in group plans are set but the perceived benefit to the employee is large. And governments. Frequently (County and State in Colorado) the value of the family benefits are insane. Grand County something like no charge to the employee and $+/-300 for unlimited family members. So you get an unhealthy work pool with large families. As in literaly that is the reason to work there. $45k a year, 32hrs. a week, 5 weeks off plus holidays, close to unlimited sick that can be used for family illness and self diagnosed mental health reasons, 4day work week and so on. Basically, when compare to many people work, its a part time job with amazing benefits.

And yes, it does relate to real estate IMO.

I did a stint with the county and there were a lot of small business owners better halves also as part of the talent pool.

[skaredshtles]

I was doing some health insurance shopping as I get to that point where early retirement becomes more and more enticing. The cheapest insurance I could find for the state of Oregon runs just under $1,400/month with a $9,500 deductible and $50 co-pays for doctor visits. Currently through my employer, I pay about $300/month with a $1,500 deductible and then another $50 for dental and vision. So, it's definitely a big nut to deal with when you are tinkering with the early retirement equation.

Yup - I haven't yet run the numbers (because the 3rd kid is still on they payroll) but fully expect health insurance to be the thing that fucks early retirement plans the most...

[yeahman]

Are you guys checking the health exchange? If you keep your income down you can basically get coverage for very low cost or nearly free after subsidy. The gubmint acts as your "employer" and pays the lion's share.

[Toadman]

Are you guys checking the health exchange? If you keep your income down you can basically get coverage for very low cost or nearly free after subsidy. The gubmint acts as your "employer" and pays the lion's share.

I guess if you retire, your income all of a sudden goes to zero, no? Or does the gov't take a look at what you have in your retirement accounts and other assets and calculate off of that figure?

[Skistack]

I guess if you retire, your income all of a sudden goes to zero, no? Or does the gov't take a look at what you have in your retirement accounts and other assets and calculate off of that figure?

You still have taxable income from SS, 401k withdraws and income on investments.

[schuss]

Wouldn't most companies rather not have the enormous expense of providing health insurance?

I think most would.

I can't figure out why more people don't realize the personal freedom that universal healthcare would bring.

Because people are not logical and the change would destroy 90+%of private health insurers(nothing of value was lost) and destroy profit in shitty hospital systems. Oh hey Rick Scott.
Take the lobbyists out and it's a lot more tenable

[skaredshtles]

You still have taxable income from SS, 401k withdraws and income on investments.

Ought to be able to keep that pretty low in retirement... maybe.

[Toadman]

Ought to be able to keep that pretty low in retirement... maybe.

I guess it depends on a few things. What's the nest egg look like and how is the snow in Hokkaido in January for example.

[skaredshtles]

I guess it depends on a few things. What's the nest egg look like and how is the snow in Hokkaido in January for example.

Yeah - those international ski trips definitely can fuck up the budget.

[ColMan]

Yup - I haven't yet run the numbers (because the 3rd kid is still on they payroll) but fully expect health insurance to be the thing that fucks early retirement plans the most...

Ditto. My goal is no later than 58 (10yrs), but those 7 years of $2k+/month insurance costs starts to mess up my forecast. Also need to somehow convince the wife to move to Thermopolis WY. The latter is much less likely to happen.

[yeahman]

I guess if you retire, your income all of a sudden goes to zero, no? Or does the gov't take a look at what you have in your retirement accounts and other assets and calculate off of that figure?

Adjusted Gross Income is all they look at. They leave it to you to predict your income for the following year and base your subsidy on that. If you come in high or low they settle up with you at tax time. The biggest thing is you can't be eligible for any other health insurance through your job, wife's job, medicare, etc. That worked for us because I was self employed and my wife was working two parttime jobs, neither of which offered insurance to anybody working less than 30 hours a week.

[dan_pdx]

Would also like to hang it up sooner rather than later, but insurance would likely be our single largest cost. Might look into catastrophic only supplemented with medical tourism

[skaredshtles]

Ditto. My goal is no later than 58 (10yrs), but those 7 years of $2k+/month insurance costs starts to mess up my forecast. Also need to somehow convince the wife to move to Thermopolis WY. The latter is much less likely to happen.

Thermopolis... that's a bit of an odd choice. [emoji848]

[Woolly the Mammoth]

Thermopolis... that's a bit of an odd choice. [emoji848]

If you know, you know.

[byates1]

Cool little town. Free nice hot springs in a nice park. Small. Bighorns are beautiful. Winds close. I'd chill there for sure

[Dantheman]

We just had a whole thread about this. If you can live on 4x the federal poverty rate plus the annual HSA max you can get an ACA plan for *much* less than $2k per month (in most states).

That thread gets into a number of other strategies for gaming down AGI. Also, not all money you take out of investments is considered income. Roth distributions, for example, are not taxable income.

[concretejungle]

Thermopolis... that's a bit of an odd choice. [emoji848]

In between two wonderful sport climbing locations. It's on my short list although Lander isn't that expensive anyway.

[Kevo]

Are you guys checking the health exchange? If you keep your income down you can basically get coverage for very low cost or nearly free after subsidy. The gubmint acts as your "employer" and pays the lion's share.

This is extremely state dependent and there are drastic differences from one state to another.

It’s insane to me that neither political party is running on a platform of universal healthcare or even basic shit like a national minimum vacation policy, national minimum sick leave or parental leave.

[Danno]

This is extremely state dependent and there are drastic differences from one state to another.

It’s insane to me that neither political party is running on a platform of universal healthcare or even basic shit like a national minimum vacation policy, national minimum sick leave or parental leave.

Socialism!

[fastfred]

This is extremely state dependent and there are drastic differences from one state to another.

It’s insane to me that neither political party is running on a platform of universal healthcare or even basic shit like a national minimum vacation policy, national minimum sick leave or parental leave.

colorado has the famili act
it just went into effect last year maybe it's brilliant idea
the amount a paycheck is taxed for it is pretty minimal like nothing really
but people fought against their own interests and well being of course cause taxes and gov't you know
but like all gov't shit it will be underfunded in the next year or two because of political math at work

just saw an article graph that showed how red congressional districts take the most federal dollars
thought that was pretty funny

[yeahman]

This is extremely state dependent and there are drastic differences from one state to another.

I forgot about that. I think Montana basically punted the whole thing back to the feds and let them set it up. IIRC our asshole politicians were trying to be difficult by not helping, but in retrospect it was probably a good decision for the consumer. My family has been using it for more than a decade and I have no complaints.

[skaredshtles]

just saw an article graph that showed how red congressional districts take the most federal dollars
thought that was pretty funny

It has always been this way.