Early retirement and health care for boaters

[Lexi22]

Originally Posted by Joli

Free health care, free college, free housing, free retirement, $15 minimum wage, someone has to pay the bill. Young people seem to vote this way without realizing they are on the hook for higher taxes for the rest of their lives.

no, u r wrong, very, very wrong. young people r very well aware of the fact that free is not free. young people are not greedy; they have empathy and care about the unfortunate ones. they are trying to leave a better future for their grandkids despite their own financial burdens.

[John_Trusty]

Folks - you are being trolled. Calm down, and let's not talk politics on a sailing thread.

[Lexi22]

Originally Posted by fxykty

The boomers paid for their grandparents retirement, generations X, Y and Millennials are paying for the boomers’ retirement...

here is the problem,
boomers knew they would have retirement while paying for their granparents'.
boomers' retirement are paid by the young people who will never have retirement.
just a simple fact here, why the anger?

[Lexi22]

Originally Posted by John_Trusty

let's not talk politics on a sailing thread.

agreed.

[fxykty]

Originally Posted by Lexi22

here is the problem,

boomers knew they would have retirement while paying for their granparents'.

boomers' retirement are paid by the young people who will never have retirement.

just a simple fact here, why the anger?

How is ‘will never have retirement’ a fact? Surely it isn’t possible to state a fact that is based on the future?

Besides, early retirement (getting back to the thread!!!!!) is a personal choice, not based on government policy or anything else. Who pays for what is not relevant.

Take responsibility for your own income and when you have enough passive income go ahead and retire. Or, which is done frequently, go ahead and (semi)retire without a passive income, and rely on making an income while retired.

Regarding health care, it seems that outside North America in most places you can self insure and rely on the local system at not high cost. Then it may be a case for maintaining only a critical illness type cover and perhaps repatriation (if you maintain a home country while cruising).

[weavis]

last chance.

Forget the politics or the thread goes. Too inflammatory......

[tradrockrat]

Originally Posted by tradrockrat

Hi - would love to keep discussing healthcare for cruisers who can't expat yet to another country. That IS what we're supposed to be discussing here, right? Or have we all forgotten the ignore function again?

I'll be spending enough days in America (about 90 days a year) as a semi-retired business owner to be required to maintain insurance or face tax penalties. I've got a good handle on costs and "subsidized" rates for ACA, and I'm leaning more and more towards just paying out of pocket in all those other countries that are somehow able to offer low cost health care to everyone ...

It appears - and I'd love to hear more about this - that "catastrophic" illness and medivac policies are really all that are needed for cruising around the world. I had a medivac policy the last time I travelled to Myanmar, but it was facilitated by a friend in the travel agent industry.

This was probably lost in the kerfuffle... anybody wanna still talk about the subject of the thread with me?

[Mike OReilly]

Originally Posted by FlyingScot

Anyone make a list of countries that you can gain residency from that includes healthcare?
I’ll start: Bonaire (Zero cost healthcare, outside the hurricane belt, safe, safe drinking water, beautiful scuba, snorkel, free diving, normally flights to the USA and Europe, and cruiser friendly).

Love to pick up on Chris' comments here. What are the good places where us wealthy folks can cruise to? I've heard good things about Costa Rica, for example.

[Lexi22]

Originally Posted by fxykty

...early retirement...Who pays for what is not relevant...

my point, ty.

[valhalla360]

Originally Posted by Lexi22

here is the problem,
boomers knew they would have retirement while paying for their granparents'.
boomers' retirement are paid by the young people who will never have retirement.
just a simple fact here, why the anger?

Boomers benefit from the post WWII economic boom when every other industrialized area had been laid to waste...there is no way to replicate that...at least no way that any sane person would recommend.

[valhalla360]

Originally Posted by Lexi22

no, u r wrong, very, very wrong. young people r very well aware of the fact that free is not free. young people are not greedy; they have empathy and care about the unfortunate ones. they are trying to leave a better future for their grandkids despite their own financial burdens.

“Any man under 30 who is not a liberal has no heart, and any man over thirty who is not a conservative has no brains.”

Winston Churchill

[Lexi22]

Originally Posted by valhalla360

Boomers benefit from the post WWII economic boom when every other industrialized area had been laid to waste...there is no way to replicate that...

exactly! that's why they should not rely on the future of the younger generations. that boom could've been enough for how many generations, but all was consumed in one generation time. now, healthcare prices sky-rocketed, retirement are paid by the younger folks who won't ever have retirement, and the list goes on. where did that money go?! This issue shouldn't be a matter of argument. We should be able to, at least, chit chat about it in a civilized manner, right?

[valhalla360]

Originally Posted by FlyingScot

Anyone make a list of countries that you can gain residency from that includes healthcare?
I’ll start: Bonaire (Zero cost healthcare, outside the hurricane belt, safe, safe drinking water, beautiful scuba, snorkel, free diving, normally flights to the USA and Europe, and cruiser friendly).

If going expat, I think the point is you can often afford to pay out of pocket so zero cost healthcare isn't critical.

Of course, if it sounds too good to be true, they probably won't give you a residency visa. Bonaire for example requires around $42k/yr in provable income for a couple. If you have $42k/yr available, you can probably just pay for health care in other countries or pay $100/month for insurance in other countries.

Really, even in the USA, you will find that obamacare is dirt cheap after subsidization if you only have $42k in income.

[Lexi22]

Originally Posted by valhalla360

“Any man under 30 who is not a liberal has no heart, and any man over thirty who is not a conservative has no brains.”

Winston Churchill

Lol! I'm neither liberal nor conservative though... just looking for facts.

[valhalla360]

Originally Posted by Lexi22

exactly! that's why they should not rely on the future of the younger generations. that boom could've been enough for how many generations, but all was consumed in one generation time. now, healthcare prices sky-rocketed, retirement are paid by the younger folks who won't ever have retirement, and the list goes on. where did that money go?! This issue shouldn't be a matter of argument. We should be able to, at least, chit chat about it in a civilized manner, right?

Much of it will get passed on, just outside of the govt hands and I think most prefer that their wealth is transferred in that manner.

Also, wealth is not a vault full of gold coins. Much of it is transient in nature. Use it or lose it.

Health care was cheaper in the 60's because if you got cancer, you started planning the funeral.

Honestly, SS was never intended as the primary retirement vehicle. It was supposed to be a safety net. We are in Gen X and had no issue saving for retirement even though we went into semi-retirement at 37 (worked part time after that). Of course, we lived on a budget and were conservative with our spending.