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What's the point in getting all those $$$K if a single major medical event (like cancer) will bankrupt you? Ah, and I just checked my retirement calculator. It
by ldarcyftw 9y ago
What's the point in getting all those $$$K if a single major medical event (like cancer) will bankrupt you?
Ah, and I just checked my retirement calculator. It claims that once I retire at 67 I'll have to pay $8K/month for my medical insurance.
- aianus 9y agoIf you're getting $$$k in salary, you're also almost certainly getting top notch medical insurance. Also, you don't need private insurance when you're 67, that's what Medicare is for.
- sethammons 9y agoAnd you pay for Medicare after you are eligible for it. My dad just hit Medicare age and was surprised to find out he gets to pay for it.
- aianus 9y agoIt's not $8,000 a month though. I'd still take a developer career in the US over Europe any day.
- ldarcyftw 9y agoWell, it is a number adp.com (site which helps to manage your retirement/payroll data) tells me.
- TheCoelacanth 9y agoSeems like the absolute maximum for that is a bit over $1k/month, and that's only if you didn't Medicare taxes for less 10 years, have an income of over $214k/year and get the most expensive part C and part D coverage. A typical amount would be roughly $200/month, less than even someone in their early 20s would typically pay for health insurance.
- ldarcyftw 9y agoThat’s the number adp.com gave me. Note that it’s like 35 years from now and yes, it includes (I think) C and D parts. Of course a lot of things may change in the next 35 years.
- thedufer 9y agoKeep inflation in mind. I don't know how old you are, but that's probably going to be more like $3k/month in inflation-adjusted dollars, which honestly isn't much more than my employer pays to cover my family now.