Reply to How much to retire at age 55? We are 50

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Still no answer to the health care question, OP. That's the biggest problem with any plan to retire early.[/quote]

OP or DH likely have retiree healthcare through their employer.  The problem with healthcare, at least for folks around here (i.e. with means) is not the cost but the uncertainty.  If I'm paying $400/ month for insurance for a family of 4 and retire at 50, I want to know that I will have healthcare from 50-65 even if costs $1500-$2000 a month.  If that's not certain because Insurance companies drop out of Obamacare or some Republican president comes around and kills Obamacare, etc. we have a problem.[/quote]

Yes, but the trend the last decade it to make it much easier for individuals, including individuals with means, to get healthcare outside the employer-based healthcare system. We are early retirees (with some consulting income) and it isn't nearly the problem we anticipated. I can't see Republicans making it hard for people to get health care at this point -- too many of us rely on the ACA.

The biggest thing for us is helping our kids work towards early financial independence from us. We've paid for private school/college but with us not working they really need to be independent at age 23 or so and getting that first professional job is not easy, even for highly educated kids. Our first DC just did it, but we know lots of young college grads who are struggling. [/quote]

If you don’t think the Republicans would gladly strangle the ACA and leave it to die, you’re not paying attention.[/quote]

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