<description>&lt;p&gt;Early retirement has unique financial planning challenges, particularly regarding health insurance and tax strategies. For people who retire before age 65, the challenge of finding affordable and adequate health insurance adds another layer of complexity to their financial plans. &lt;/p&gt; &lt;p&gt;***********&lt;/p&gt; &lt;p&gt;📬 Download your Free &lt;a href= "https://www.financialsymmetry.com/pre-retirement-checklist/"&gt;Retire On Purpose Guide here&lt;/a&gt;. &lt;/p&gt; &lt;p&gt;📰 See the &lt;a href= "https://www.financialsymmetry.com/the-early-retirees-guide-to-health-insurance-with-grayson-blazek-ep-fs229a/"&gt;full show notes here&lt;/a&gt;&lt;/p&gt; &lt;p&gt;🌐 &lt;a href= "https://retirementpodcastnetwork.ck.page/rpn-weekly"&gt;Sign up here to receive Retirement Weekly&lt;/a&gt; to get one email every week on all things retirement&lt;/p&gt; &lt;p&gt;***********&lt;/p&gt; &lt;h2&gt;Outline of This Episode&lt;/h2&gt; &lt;ul&gt; &lt;li&gt;[04:32] Considering Roth conversion for potential tax benefits&lt;/li&gt; &lt;li&gt;[09:07] Rules around qualifying for ACA in 2025&lt;/li&gt; &lt;li&gt;[12:36] Early retirement may offer a low-tax window for Roth conversions, potentially reducing the lifetime tax burden&lt;/li&gt; &lt;li&gt;[15:49] Consider long-term planning, not just immediate tax impacts, for decisions like Roth conversions&lt;/li&gt; &lt;li&gt;[18:44] Roth conversions are typically completed at year's end to account for unexpected income changes affecting ACA MAGI estimates.&lt;/li&gt; &lt;/ul&gt;</description>

Financial Symmetry: Balancing Today with Retirement

Chad Smith, CFP® and Mike Eklund, CFP®

The Early Retiree’s Guide to Health Insurance with Grayson Blazek, Ep #229

NOV 26, 202424 MIN
Financial Symmetry: Balancing Today with Retirement

The Early Retiree’s Guide to Health Insurance with Grayson Blazek, Ep #229

NOV 26, 202424 MIN

Description

Early retirement has unique financial planning challenges, particularly regarding health insurance and tax strategies. For people who retire before age 65, the challenge of finding affordable and adequate health insurance adds another layer of complexity to their financial plans. 

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📬 Download your Free Retire On Purpose Guide here. 

📰 See the full show notes here

🌐 Sign up here to receive Retirement Weekly to get one email every week on all things retirement

***********

Outline of This Episode
  • [04:32] Considering Roth conversion for potential tax benefits
  • [09:07] Rules around qualifying for ACA in 2025
  • [12:36] Early retirement may offer a low-tax window for Roth conversions, potentially reducing the lifetime tax burden
  • [15:49] Consider long-term planning, not just immediate tax impacts, for decisions like Roth conversions
  • [18:44] Roth conversions are typically completed at year's end to account for unexpected income changes affecting ACA MAGI estimates.