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RE: Planning An Early Retirement Budget
Upvote for the MMM love!
Also for the insurance angle. I was looking heavily into potential early retirement but in the US, health insurance is a huge unknown risk that has dampened my desire. With young active boys, we have already gotten our fair share of stitches and broken bones. I know a couple who are not yet 65, and they only plans they could qualify for were individual plans $1000 USD/month for coverage that started AFTER the first 10,000 USD (also was max out of pocket). So best case they are paying 24k for coverage and worst case they are paying 44k out of pocket.
What are your plans for health insurance @getonthetrain ?
Health insurance is covered by the pension. Additionally, my wife is British and we could always move there for the National Health Service.
Also, I would easily travel to a cheap, but well-rated, country for health care if it was not an immediate need (such as an accident).
Thanks! And 44k...OUCH! 😖