Trying to figure out how I should value health insurance in retirement.
I’m 31, married, two kids. Our current plan is for me to retire at 50. I work for the state of CA and would be eligible to start drawing my pension and the big benefit would be health insurance for life.
Just trying to determine the worth of working a few extra years tell 50. I will be vested at 45, but if I retire then I will not be able to draw my pension yet or collect any health insurance. A third option is to quit at 45, then at 50 if I find any permanent state job at 50, regardless of pay, I could work one day then retire with medical and pension.
At what retirement income would it be worth buying health insurance in the marketplace instead?