Snails - Response on Threads

[AttyPops]

lol, atty! i don't blame bear for taking advantage of this mess! i'd do the same in a heartbeat! but help is being extended where it was not necessary and refused where desperately needed.

under this law you can have millions stashed away in a 401k and qualify! as bear has pointed out numerous times if you manage your finances properly you can achieve security!

Well, yes, sort of. Once you start taking the $$$ out of the 401k it is income....
So I suppose he could stash it forever and not use it, but what's the point? Once he uses it, he would end up in the higher ACA level. See?

Saving for retirement is not bad. The purpose of 401K (as you know) is to tax-defer the $$$ to retirement when income is more limited and also grow it with investment.

 

[SilverBear]

bear, give us some numbers from your personal experience. well, just one - what does the subsidy amount to in your case? and just for curiosity - did you see anything that would allow you to opt out of accepting that subsidy?

I claimed $16K modified adjusted gross income (MAGI). That gives me, here in Monroe County, a $226 monthly subsidy. (In screwing around with the numbers, that subsidy would decrease by $10 for each $1K more.) And, in screwing around with counties, that subsidy changes... maybe some are more affluent/depressed than others. Who knows.

And yes, I had the opportunity to have less than the $226 applied to the premium per month. If I did THAT, then come tax time 2015 (for 2014), I would get that difference REFUNDED to me... assuming I did NOT exceed $16K MAGI. I am guessing the reason for giving us a choice is for folks who think they MAY earn more due to circumstance (eg: landing a job).

 

[SilverBear]

Once he uses it, he would end up in the higher ACA level. See?

The creative part is to not TOUCH tax-deferred funds until 65 (Medicare). Pre-65, it's all liquid or capital gains... and withdrawing just the right amount to keep capital gains at $X level. That's the plan... and the numbers crunch properly. That's how I'm doing it.

If I need more than $16K MAGI, the premium will STILL be good. MAJOR CAVEAT: Premiums REMAIN at bargain level. My guess is that this entire thing will collapse upon itself financially... but premiums will SKYROCKET - in a last-ditch effort - before it does. 2015, 2016 will be very interesting to watch. It is *NOT* sustainable.

 

[SilverBear]

Hmmm... no call-backs yet. Director, insurance provider, or the 3rd-level supervisor yesterday. HUGE surprise!!!

Meatloaf in baking dish (I sculpted it into an obscene shape... let's see if husbear notices) and in fridge... awaiting final glaze before baking.


ETA:
I should get out and mulch the errant wind-storm leaves.

 

[AttyPops]

FYI - That "like" was for the 401k advice part, not the impending doom part. Although, since a significant # of people seem so negative/destructive you may be right.

 

[tiburonfirst]

thanks, bear - i was more interested if you could refuse the subsidy in the same way you can refuse ss benefits


atty - do you really think somebody with deferred income on a 401k deserves to get more help than those who are falling through the loop holes now?

this whole thing is so badly structured it should be scrapped - and i don't care how it got this way. i firmly believe there should be a basic safety net for all when it comes to health care but not in this way.

gotta run - dh's ct scan coming up

 

[SilverBear]

FYI - That "like" was for the 401k advice part, not the impending doom part. Although, since a significant # of people seem so negative/destructive you may be right.

It is only my guess.

Who is right or wrong will be revealed. And it will be revealed within a couple of years, maximum.

 

[NGAHaze]

Additionally, having a substantial amount in savings these days doesn't guarantee comfort and security. My grandmother was fairly wealthy prior to needing additional care in her later years and by the time she passed away, she was virtually penniless. If you want any say in the type of care you receive, you better have very good and ironclad long term care coverage otherwise even 'millions stashed away in a 401k' will wither to dust in very little time ...

Just saying ...

 

[AttyPops]

Yeah Tibs, well I'm not arguing with you or claiming that it's perfect. But I don't think we can fix the whole tax system (AKA...what is counted as income when) and all that just to implement ACA. So it has to be based on something. Like I said, I think it should be a national sales tax and just "free" (not in the literal sense...nothing is free) to the citizens. Or some such thing. Combination of taxes.

 

[AttyPops]

Hiya NGA

Going to go watch the noon news....BBL. Sorry to run.

 

[NGAHaze]

Hi Atty!

~~~~~~ @ snails

Anybody see this yet?

Mt. Baker Pulls All Cinnamon Flavors

I'm hoping someone with a much better understanding of chemistry than I, can weigh in here ...

 

[flarg]

It's crazy time again for me. Perhaps it's the weather. That prolly plays a role. But things would be a whole lot easier without some of the situations I'm presented and events about to unfold.
Aye aye ayyyyeeeeeeee.
Drown drown drownnnnnnnn.
Plop.
Shouldda made a haiku.

 

[FranC]

hiya Haze and flarg.

I saw the article on the cinnamon

 

[CES]

Hi y'all, I saw the article too. I wish i had access to the original paper that (probably) lead to this. Stupid paper is behind a paywall. Either the THR or CASAA page on FB has talked about it a little, and apparently Dr. Farsalinos has already written a rebuttal to the journal.


flyby...

 

[AttyPops]

I hadn't seen it yet. IDK. Isn't cinnamon a tank cracker anyway? I don't vape it...possible lung irritant.

Getting lunch, BRB.

 

[FranC]

Yup they say it's a tank cracker.

 

[SilverBear]

Additionally, having a substantial amount in savings these days doesn't guarantee comfort and security. My grandmother was fairly wealthy prior to needing additional care in her later years and by the time she passed away, she was virtually penniless. If you want any say in the type of care you receive, you better have very good and ironclad long term care coverage otherwise even 'millions stashed away in a 401k' will wither to dust in very little time ...

I have no long-term care policy/plan. Given overall longevity in the one-to-four generations preceding me, "very old age" does not seem likely. There are a couple outliers, but folks generally kick off between 55 and 75. Dad's an outlier, soon to be 84 (Mom had just turned 71 when she left us). Maternal great-granny was 99. Other than that... nothing of note.

Planning ahead, in that sense, is not a strength.

What I do hope is that I have enough "faculties" remaining to know when I want to "go to sleep". It does not scare me at all. I also hope that, in my lifetime, we see doctor-assisted euthanasia made legal for those who want it, but unable to do it themselves.

 

[AttyPops]

Hi y'all, I saw the article too. I wish i had access to the original paper that (probably) lead to this. Stupid paper is behind a paywall. Either the THR or CASAA page on FB has talked about it a little, and apparently Dr. Farsalinos has already written a rebuttal to the journal.


flyby...

The nasty thing is that...when it comes to the flavoring issue...the ANTZ can do a one-at-a-time war with that. And it won't end up being "Flavor X is a problem, but most are not." It will be "e-cigs are toxic". Just like the 1 case of a small amount of DEG in a sample being quoted as a norm.

With salad, it's "There was a case of salmonella at a salad bar in ___ yesterday." With e-cigs and ANTZ it's "Don't ever eat salad the rest of your life---it's dangerous".

 

[TomCatt]

I have no long-term care policy/plan. Given overall longevity in the one-to-four generations preceding me, "very old age" does not seem likely. There are a couple outliers, but folks generally kick off between 55 and 75. Dad's an outlier, soon to be 84 (Mom had just turned 71 when she left us). Maternal great-granny was 99. Other than that... nothing of note.

Planning ahead, in that sense, is not a strength.

What I do hope is that I have enough "faculties" remaining to know when I want to "go to sleep". It does not scare me at all. I also hope that, in my lifetime, we see doctor-assisted euthanasia made legal for those who want it, but unable to do it themselves.

#5

 

[AttyPops]

CES....
http://www.e-cigarette-forum.com/fo...-healthcare-we-nonsmokers-5.html#post11342699