Health Insurance Strategies for Those Retiring Before 65 Years Old in Wisconsin
For most Wisconsin residents retiring before Medicare, the cost of ACA health insurance has less to do with the plan you choose and more to do with how your income is organized. Learn how your modified adjusted gross income determines what you pay, which income sources count against you, and what steps may help you significantly reduce your premiums before age 65.
Tuesday, April 28 | 12 PM or 7 PM
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People Helped Pursue Retirement
Years of Experience
*Forbes Best-In-State Awards
*Forbes Top Registered Investment Advisory Firm
Topics We'll Cover
Discover how these factors affect what you pay for health insurance before Medicare
How Your Income Affects What You Pay
Your ACA premium is not fixed. It is directly tied to your modified adjusted gross income (MAGI). The lower your MAGI, the greater the tax credits you receive to offset the cost of your health insurance. We will break down exactly how this works and what it means for your retirement plan.
Which Income Sources Count Against You
IRA withdrawals, Social Security, pension income, and investment gains all count toward MAGI. Roth distributions and returns of your invested principal generally do not. Understanding which bucket your income comes from may be the most important factor in determining what you pay for ACA coverage.
Avoiding the ACA Premium Cliff
Earning just $1 over a specific income threshold may cause your annual ACA premiums to jump by more than $30,000. We will show you what the cliff looks like in Wisconsin, how income needs can still be met while staying below it, and which strategies are worth evaluating before you retire.
Meet Your Speaker
Learn from a Forbes Best-In-State Wealth Advisor
Ty Bernicke, CFP® | President & CEO
Ty currently works with a limited number of clients who require wealth and/or investment management services. His research on investment management, retirement planning, and tax minimization strategies has been published or recognized by The Wall Street Journal, Forbes, The New York Times, Futures Magazine, and many other well-known national and international publications.