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Early Retirees: How to Qualify for Premium Tax Credits
Why Worry About Premium Tax Credits? For those who have FIRED and are less than 65 years old, affordable health insurance is a major concern, and for people considering early retirement, affordable health insurance is the number one obstacle between them and retirement. Many early retirees are surprised to learn that they can qualify for premium tax credits (PTCs) which make The Affordable Care Act (ACA) plans a good health insurance choice. These PTCs can be as much as $1000 a month and for many retirees can nearly or totally eliminate monthly health insurance premium payments.
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Hidden Benefits of Credit Cards
Most of us know that we can earn cash back, travel points, and air miles with our credit cards, but are you aware of the many other hidden benefits of credit cards? Perhaps they aren’t hidden benefits per se but they’re not publicized as much as the points and miles benefits are. As I was writing this post I even discovered some hidden benefits of my own credit cards that I had no idea existed. Let’s explore some lesser-known or hidden benefits of your credit card.
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9 Tax Questions Small Business Owners Are Asking
One of the goals, when I started this blog, was to provide useful answers to readers' tax questions. I can’t tell you how often I cringe when I see someone post a tax question on a Facebook site and receive several answers, with most of them being wrong. There certainly are a lot of armchair professionals out there! In hopes of counteracting this promulgation of misinformation, I asked some fellow bloggers and small business owners to submit to me their tax questions and promised answers to them. Here are the tax questions small business owners are asking.
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Healthcare Options For Early Retirees
What’s holding you back from retiring? For many people who have lived a life of FIRE and saved for an early retirement, it’s the uncertainty about healthcare options for early retirees. These 40, 50, or even 60-year-old want-to-be retirees know it’ll be a while before they’ll be eligible for Medicare.