Who Else Will Retire To Full-time In 2018?
I don't know if this will be a popular thread or a dumb idea, but here goes. I saw a post here recently (maybe two) where members said they plan to retire and begin full-time RV life in 2018. That's...
Forum Discussion
DallasSteve wrote:Walaby wrote:TechWriter wrote:Quartermoon wrote:
It's also ACA-compliant for income tax purposes, although that doesn't matter with the new GOP tax reform plan.
IRS Requires Proof of Health Insurance
Believe Quartermoon was talking about in the FUTURE now that the Tax plan has passed. Your article was from back in Oct before the new tax overhaul came into being.
Mike
2X
The news reports (and The President) say that the new law eliminates the tax penalty as of 2018, but the IRS may require the proof or insurance or lack thereof for recordkeeping purposes until they change the forms again.
I believe it was compliant before that. It was one of 3 health-sharing plans grandfathered in. Not sure what paperwork is involved (that's what my CPA is for). A moot point now.
But if you're reasonably healthy, it makes sense rather than pay for a $5,000-deductible insurance policy.
