Originally Posted by Andy (Post 2668280)

Biff, sorry that I didn't post a Tricare for Life link. This should explain it:
https://www.tricare.mil/LifeEvents/Medicare

I wasn't aware of the fact that we have to pay medicare Part B to have Tricare For Life until a couple of years ago. It caught me by surprise and because of the premiums involved, I decided to max out my 401k as fast as possible to get the 16% contribution to spill into my VEBA RHA.

In addition, I want to make sure I have the ability to pay for a nursing home for at least a couple of years before tapping into savings.

Originally Posted by Andy (Post 2672902)

I do it the simple way.

100% of income going to 401k - first pretax until filled up, then post tax. Maxes out shortly after profit sharing goes into post tax. That gives one maximum spillage.

No calculator necessary for me.

Originally Posted by Sunvox (Post 2673168)

Just went through this with my father. It all depends on which state you're in, but importantly two facts to consider. First, if you end up in a nursing home most states have a plan that allows you to put the cost on them, BUT you need to have a careful plan to protect your assets. The best advice is to seek the help of an estate planner.

Originally Posted by Itsajob (Post 2670309)

Did United have retirement benefits such as paid or subsidized insurance after retirement prior to the merger or bankruptcy? I’ve never worked for a company that did. I always thought that when I’m no longer providing a service to the company that our relationship was over except for pass travel.