In today’s episode, we’re unpacking a planning strategy that could help you save tens of thousands of dollars before Medicare kicks in.
Topics Discussed
- How to significantly reduce health insurance costs before Medicare eligibility for early-retiring ER doctors.
- How maintaining a low taxable income can unlock advanced premium tax credits on marketplace plans.
- The importance of strategic use of after-tax funds, Roth IRAs, and HSAs in minimizing insurance premiums.
- How retirement diversification can offer flexibility in managing pre-Medicare health insurance expenses.
- Insights into the critical intersection of financial and insurance planning for high-earning professionals.
- How to balance Roth IRA distributions with premium savings to extend your portfolio's longevity.
- How to leverage tax-loss harvesting and tax-efficient investment vehicles for optimal retirement planning.
- The impact of capital gains on modified adjusted gross income and premium tax credits.
- The implications of estimated income on marketplace health plan premium tax credits and potential tax adjustments.
Resources Mentioned:
Tags:
HealthInsurance, Medicare, Early Retirement, Private Health Insurance, High-Earning, RetirementWisdom, After-Tax Funds, Roth IRAs, HSAs, Premium Tax Credits, MarketplacePlans, Retirement Diversification, Pre-Medicare, ER Professionals, Financial Guidance, emergency medicine, ER doc, ER doctor
