Financial Independence Daily FI discussion thread - Saturday, June 19, 2021 |
- Daily FI discussion thread - Saturday, June 19, 2021
- Is moving to Europe a viable way to avoid healthcare costs in early retirement?
- PSA: Medicaid Expansion
| Daily FI discussion thread - Saturday, June 19, 2021 Posted: 19 Jun 2021 02:00 AM PDT Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| Is moving to Europe a viable way to avoid healthcare costs in early retirement? Posted: 19 Jun 2021 10:20 AM PDT I am lucky enough to have citizenship in Portugal and have seriously considered moving there in the past, but salaries for my industry are so much lower there that I decided to stay in the US. As I start to think about an early retirement (still nowhere close, probably 10+ years away) I am wondering what would happen if I were to move to Portugal after retirement or in some sort of partial retirement working a low stress job in Portugal. Can I essentially avoid the exorbitant US healthcare costs this way? I realize I'd have to pay higher taxes in Portugal, but still might be worth it? Especially if my income is lower? How will my investments be affected if they are all in US based accounts? Thanks for any advice [link] [comments]  |
| Posted: 19 Jun 2021 05:29 AM PDT I've seen a lot of comments from people who don't realize that Medicaid was expanded under the ACA, so I wanted to clarify that for everyone. In the 39 states that have expanded Medicaid there is no asset test for eligibility You only have to meet the income requirements(not entirely true some states have adopted expansion but not fully implemented yet see link below for specifics). This means that low income people--for example early retired people with low taxable income--are eligible to receive healthcare coverage under Medicaid. Here's a map of states that have expanded Medicaid: I'm not claiming that Medicaid is the best choice for low income retirees or that it's the right choice for you. That decision is up to each individual. I'm only saying that is an option available to you if you live in an expanded state and plan on having a low taxable income. [link] [comments]  |
| You are subscribed to email updates from Financial Independence / Retire Early. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment