Like It we saved for retirement, like Greger and Jeff have stayed out of debt, and like Julia retired earlier than intended for medical reasons. "Here" sound just fine as a place to retire to, in my book. I'm listening to the sound of the new roof being applied as I write.
We DO HAVE debt, we just don't have a mountain of it.
But it is there and it makes its presence felt.
Our credit card debt is maybe a thousand or two tops.
But we have a pretty sizeable house payment of 2600 a month and a car payment of 850 a month, and we have a MONSTER health insurance bill of
750 a month for the two kids which is bound to become almost a thousand a month next year if current health insurance trends are any indicator.
There may be some relief on the way however.
Bri will have to apply for an ACA policy on her own this time around because she will be 26 years old. Based on her income, the subsidy will likely bring her monthly premium almost to zero unless she gets promoted to manager at the salon. Even then she will still be eligible for a discount and subsidy.
Daryl will most likely wind up on Medi-Cal (California's Medicaid) because pre-existing condition prohibitions will most likely be destroyed by Trump, which will make him uninsurable by ordinary means.
And based on HIS income (which is nil at the moment) his costs will go way down and off our debt.
We're not debt free, our debt to income ratio is considered to be "okay".
