@hpertrain wrote:Ok, I'm 63 and have been relatively self employed. I have a the marketplace insurance with 0 $ premium. However in June I took on a job making $45K per year and my wife an additional $12 So now the question begs do I keep my current job and risk the chance of losing a subsidy and having to pay a large premium per month for health insurance. I also took on early retirement SS before accepting this job. So I could lose my Social Security monthly and pay a much larger monthly payment for health insurance. What to do?? What makes the best financial sense?
Took on this job in June 2022
My recommendation is to keep on doing what you're doing; earn as much as you can.
1. I don't think you'd lose your Social Security by taking on a job. I believe you may get some reduction, but that will go away when you reach full retirement age. https://faq.ssa.gov/en-us/Topic/article/KA-01921
2. You may still be eligible for a low priced health insurance policy in the marketplace.
3. When you reach 65 you're going to be eligible for Medicare.
