I went through the stickied thread but I am still baffled on this one.
My wife is retired and I plan on joining her in 3 months. I'm 49, she's 47 and we've got 1.55mm in Stocks, bonds and cash. We can easily get by on 45k a year, provided health insurance is a reasonable cost...and there lies the rub. We live in Texas.
Texas did not take the expanded medicaid, so there's a Gap for qualifying for Silver Plan subsidies. We need to make $16,020 or we pay full price for a Silver plan. Full price is 7k in premiums and 10k deductible. If anything goes wrong, we can go 17k in the hole pretty fast. It's survivable but ugh.
We have 1MM in 401k, 550k in non-tax deferred non-retirement accounts.
My Question is: Is there SOME WAY we can use Roth-IRA conversion to "make" enough to get taxed, or do we basically have to work part time if we want the subsidy? Is there any other option out there for us?
I am just lost.