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Reply to "Mother has decided to “retire” at 58"
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[quote=Anonymous]If the boyfriend is retired military it sounds like having the man with the health care plan is not a bad plan. i.e. marriage to the boyfriend could benefit Mom There are a lot of senior working in their 70's and 80's. Some because they have to. Some because they want to. If she is low income and on Obamacare (the affordable health care act) her insurance premiums are pretty nominal. In my state if you earn over $46,000 as a single the cheapest Obamacare plan is $800 per month with a $8000 deductible. If her investment income is less than $46,000 per year she may be paying as low as $200-$400 per month for insurance on Obamacare. Marrying the retired military man with the insurance plan has some benefits. Ultimately Mom is very young. She is going to live her life the way she wants to. Short of recommending your CPA or financial person to her I'm not sure what you can do.[/quote]
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