Watch the full video here kzbin.info/www/bejne/iIWoZ5mYpNmDmKs

Watch the full video here kzbin.info/www/bejne/iIWoZ5mYpNmDmKs

Watch the full video here kzbin.info/www/bejne/iIWoZ5mYpNmDmKs

Watch the full video here kzbin.info/www/bejne/iIWoZ5mYpNmDmKs

Watch the full video here kzbin.info/www/bejne/iIWoZ5mYpNmDmKs

Watch the full video here kzbin.info/www/bejne/iIWoZ5mYpNmDmKs

One strategy i used was a high deductible ACA plan and fully funding a HSA account to lower my MAGI,

ACA is such a disaster. Prior to ACA, I had a $600/mo insurance bill for a $300/yr deductible and complete coverage. Now I pay $18k/yr with a $6k deductible minimal coverage. But everything is great because someone else gets coverage for free!

I’m younger than my spouse by 18 months. He will be on Medicare before me and I will need to get marketplace insurance. Will I lose my credit on the exchange insurance because he’s on Medicare if we file a joint return? Assuming our income is low enough to qualify for credits? Hope that question makes sense….

Any thoughts on HSA contribution vs Roth conversion in terms of ACÁ health insurance and tax planning?

This was eye opening and super helpful. Thank you!!!

Great discussion guys, super helpful for us early retirees.

Great topic, especially for early retirees. Roth conversions are a no brainer for most at 12% bracket (or 15% in 2026); however, there's an 8.5% increase in your ACA premium for each IRA dollar converted to a Roth, so it increases your AGI making your effective tax rate 20.5% today and 23.5% in 2026 forward. This makes the decision to convert much more difficult. One strategy I recently employed is transferring my non-qualified brokerage cash sitting in a money market fund to the BOXX etf. Just curious on what your thoughts are on this strategy.

I retired because the dollar is worthless and collapsing.

I wish you would have run through your example(s) with the Root software so we could see the the impacts.

I did a roth conversion 4 months ago and did not have the default 10% deducted for taxes for a good reason. In that 4 months I made 7% in profit already. If I had paid the 10% I would have alot less.

This episode and the previous one are two of the most informative videos I've seen on this topic, which is especially relevant to my present situation. Thank you!

You discussed why you want to show income above 138% FPL to avoid Medicaid and get ACA subsidies. In my state, if you are above 138% but below 300%, if you have kids they will put them on children’s Medicaid while the adults will be in ACA. It would be good to understand pros and cons of having the kids on Medicaid and how is that different from the adults being on Medicaid. Also, if the kids are on Medicaid and you end up bumping up you MAGI with a Roth conversion at the end of the year, will you also have to pay back for the Medicaid insurance plan that your kids had that year? Will they be eligible for children’s Medicaid next year?

Thank you for the info! If, say you just retired before 65 and started ACA with subsidies. If you decide to do a Roth conversion at the end of the year and you will be paying back the subsidy at tax time, will that prevent you from taking up ACA with subsidies again the year after or beyond since you now have the precedent that you bumped you MAGI up at the end of the year with that one-time conversion above what you stated your income would be in the application for that year?

As someone who does taxes for lower income folks, I cringe whenever they walk in with a 1095-A. It is so hard to know how much of the advance premium tax credits they will end up having to pay back. Leads to some very painful conversations once we’ve prepared their tax return.

Watch the full video here kzbin.info/www/bejne/iIWoZ5mYpNmDmKs

Great content again! Love your videos. It's not always what everybody wants to hear, but the math is the math and what I think I needed to see most was that if my savings didn't meet the monthly income I needed, I had to work another year or two or change my expenses - Thanks!!!

I do hope that you don’t have a stroke after you retire and have to get on Medicaid because they take all you have

Hi James, thank you as always for such great info! When does or what caused the IRA distribution to turn from being taxed as ordinary income to capital gains?

This case study is awesome!!!!!!!!!! Thank you so very much! Sell us your spreadsheet!

Watch the full video here kzbin.info/www/bejne/iIWoZ5mYpNmDmKs

If you’re a male, take a good look at how long your father and uncles lived. Look at how they took care of their health. Add years if you don’t smoke or drink etc.

Couples have huge advantage for retirement income (2X Social Security)... but how do you plan for one person dying early ?

I retired at 62 and never regretted it.

Well done👌

4mill$ at a 1.5% withdrawal rate can be convered almost entirely by the dividends.. you have no realy sequence of return risk at that point .. hell a drop in the stock market would just be a reason to do roth conversions.

I could not pay someone as a percentage of my net worth for retirement planning. Fixed fees or hourly rates are the only acceptable options for me. There is no chance I could save more in taxes than it would cost to try to pay someone a percentage of the NW. I just don't find percentage based dees in any industry as fair, real estate, finance, car sales, etc.

Not everyone can retire at 62 so I thumb my nose at the snobs that brag about how they did. They can go "blank" themselves in their smugness! I'm 66 now and it still would be impossible for me to retire! The reason? Unlike most people my age I still have a mortgage and still owe slightly over $100,000.00 on my house. Most people get a house in their 20s or 30s and so have their house paid off a long time ago. I didn't buy a house until I was 52!! My payments right now are S949.30 with hardly anything going towards the principal after the interest and the escrow. And to make matters worse, my ex-wife was a spender that did not believe in saving any money, not even a penny. She's an ex now but it's too late, I have almost no nest egg and will rely almost solely on SS. So go shove the bragging up your you-know-whats.

Very smart video. I wish more people learned about these things before it's too late to realize it.

Great video. I have a question. Say a worker and spouse decided to start social security at the same time. You stated that the worker would have to be drawing Social Security in order for the spouse to receive spousal benefits. In this example, would the spouse receive the spousal benefit for the start month, or would it start on the second month?

If my ex husband remarry, will he be eligible for half of my benefits?

Thanks James, the video was very informative.

thanks for the video James. may i ask what is total income the taxes were based on?

Very informative, but some red flags. Website is very simple Wordpress site. No team members highlighted. He is reading from a teleprompter, for sure. He is a gifted communicator, but based on the website's lack of substance, I'll pass.

Thanks James, this was very helpful and I look forward to next week's video!

Such a great post!!! Thank You.

Just the info I needed. Thanks for sharing!

How does a twenty something give retirement advice? It’s like I see those twenty something single physiologists who give marriage and life advice

Such cookie cutter advice

What if you don’t have or really want friends and family you’d rather not want spend time with?

Your money in a coffee can is a 'guaranteed income stream for life' if you take out the right amount, and you'll pay no fees. Isn't an annuity just you betting against the insurance company that it'll have to keep paying long after your principal in the can is returned to you? But for how long after, and could you have done better in a basic bank account?

Needs more jockstrap

Thank you so much for this video and all of your content.

Watch the full video here kzbin.info/www/bejne/iIWoZ5mYpNmDmKs

Keep it simple.. ya got $2.5M... take out 3% a year, that's $6,250 a month, then add Social security to that. They obviously can not spend $16,000 a month.