nutmegger2020 t1_jaa9hlg wrote on February 27, 2023 at 11:55 PM

Medicaid and contribute to an IRA to reduce MAGI if needed.

Money_Whisperer OP t1_jaab6pg wrote on February 28, 2023 at 12:07 AM

That's a very interesting proposal. Thank you. That way he gets his money back when he turns 65 anyway. Thank you.

nutmegger2020 t1_jaaiwbn wrote on February 28, 2023 at 1:02 AM

Your most WC. I'M in the same boat. I had to resign due to my back and am scheduled for surgery in May.

Money_Whisperer OP t1_jaabk0r wrote on February 28, 2023 at 12:09 AM

One followup on this if you don't mind. So he made around 50k last year. This year he's gonna be looking at like 16k max. Will they go off of last year's income in this case?

nutmegger2020 t1_jaaj6cw wrote on February 28, 2023 at 1:05 AM

I think its projected income yearly if under the FPL or monthly if not under a certain FPL level. . Also, are we not still in a state of emergency were anyone can go on medicaid ? I wondering about that too.

Money_Whisperer OP t1_jaav00x wrote on February 28, 2023 at 2:32 AM

Yeah ill have to do a little research it sounds like. But definitely some good ideas there. Appreciate it.