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Reply to "Should I stop daydreaming about retiring at 55?"
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[quote=Anonymous][quote=Anonymous]if your money is tied up in retirement accounts what will you live in between ages 55-59.5? your child will also presumably be in college. How will they pay for health insurance? [/quote] That is something you must plan for (obviously). A family plan will cost $20-25K, a couple plan $15-20K. You can do it if college is paid for (529/other savings). We plan to wait until the youngest is out of college. We will be 57/55. Then we will purchase insurance privately or spouse will "serve on the board" for some company and will manage to get us health care thru that (which would be slightly more cost effective--we currently only pay $3500/year for our excellent family plan) [/quote]
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