We're on track for early retirement. I asked when he thought and he said age 55 or 60. I can hardly believe it because that just seems too soon. My spouse is 6 years older than I am so if I waited until I was 62 or so, it would even be better. My spouse would be covered by medicare and if I could figure out health insurance for 3 years. He also mentioned the christian healthcare plans aka health care sharing ministries but I'm not sure they would take a couple of atheists who while pretty square also probably go against their personal beliefs in other ways.
He talked about since we live pretty frugally it's easier. Our expenses have gone up due to our move but it sure makes me motivated. I also think our expenses would go up if we were retired because we would want to travel more. I'm sure we'd figure out ways to travel inexpensively but who knows.
I'd also love to figure out how to earn income as a digital nomad.
visit with the financial planner
February 26th, 2020 at 09:50 pm
February 27th, 2020 at 12:42 am 1582764124
February 27th, 2020 at 01:14 am 1582766092
Here is just one report - there are so many stories of people getting stuck with huge bills after paying thousands into one of these programs.
https://www.npr.org/2019/11/25/780612410/regulators-allege-christian-based-health-care-provider-broke-state-federal-rules
February 27th, 2020 at 12:48 pm 1582807718
I agree with Butterscotch that the "Christian" healthcare programs are questionable. They are not insurance companies, and they are under no obligation to pay medical bills. They market themselves as being faith-aligned and offer prayer hotlines, etc. As atheists, I don't imagine these "perks" would appeal to you. Stick with something mainstream and legit.
February 29th, 2020 at 10:58 pm 1583017105
I "semi-retired" at age 58; I would prefer not to work at all, but healthcare can be very expensive, so I'd like to work 5 more years til I can pick up Medicare. I was fortunate to stumble onto a part/time job that pays very well. I don't know if the job will last, and it would be very difficult to replicate elsewhere, but we'll see what happens.
Once you pay off your debt, including any mortgages, you might be surprised to find how relatively easy it is to live on a very small income.
Congrats on building your retirement nest egg.
March 8th, 2020 at 05:59 am 1583647195