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Retiring Before 65? Why Your 401(k) Could Cost You $9,500 a Year in Health Insurance
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A lot of women run the retirement math, know they could stop at 60, then price health insurance for the years before Medicare and decide to keep working. What most of them haven’t been told is that the price isn’t fixed. When you buy coverage through the marketplace, the help you get with your premium is based on your income for that year, not on how much you’ve saved. And once the paycheck stops, your income mostly comes down to which account you spend from.
In this episode, I walk through Diane, a hypothetical 60-year-old single woman who needs $100,000 a year and has 5…
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