When I pull money from my IRA, it raises my "taxable income", even though I'm living on my savings and my actual "earned income" is very low.
Because of that, I can't get an obamacare subsidy, and my health insurance premium has TRIPPLED!
So, I have to pull more money out of my IRA so that I can AFFORD my expensive Obamacare policy...
... which raises my taxable income even MORE, so that I'll NEVER qualify for an Obamacare subsidy.
AUGGHHH!! I HATE Obamacare... there is NOTHING fair about it. NOTHING!
Navy SEALs cite shabby treatment as Team Obama helps Hollywood instead
By Rowan Scarborough
The Washington Times
Sunday, November 17, 2013
Killed in action: Chief Petty Officer Aaron Vaughn was one of the victims of a poorly planned Afghanistan mission in August 2011, his father says in a book. (Associated Press)
Navy SEALs are the toast of America, but revelations show that the top brass has not always watched their backs during the Obama administration.
SEALs have brought exhilarating moments for the White House. The storied SEAL Team 6 killed Osama bin Laden in Pakistan in 2011 and rescued U.S. cargo ship captain Richard Phillips from Somali pirates in 2009. Hollywood transformed both operations into blockbuster movies — with the administration’s help.
PHOTOS: Inside the U.S. Navy SEALs: See America's elite warriors unleashed
But some in the special operations community cite shabby treatment.
A book by Billy Vaughn, father of a SEAL killed in the Aug. 6, 2011, shootdown of a Chinook helicopter in Afgh
Fox Nearly Doubles CNN and MSNBC's Combined Prime Time Viewers Last Week
By Noel Sheppard | November 12, 2013 | 15:12
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Noel Sheppard's picture
The new prime time lineup at Fox News continues to demolish its competition.
Last week, FNC almost doubled the combined viewers of CNN and MSNBC from 8PM to 11PM.
During this time period, FNC averaged 2.1 million total viewers and 376k in the important demographic of folks aged 25 to 54.
MSNBC had 716k and 202k respectively while CNN brought in 433k and 146k.
For the week, only ESPN brought in more cable viewers than FNC in prime time.
TVNewser reports that this was Fox's second-best week of the year only bested by the week of the Boston Marathon bombing.
The was also FNC's second-best week of the year in expanded prime time which includes On the Record at 7PM. The network averaged 2,377,000 total viewers and 442,000 in the demo.
Jeff Zucker and Phil Griffin must be eating their hearts out.
Exclusive: Obama’s Secret Iran Détente
by Eli Lake, Josh Rogin Nov 8, 2013 5:45 AM EST
Long before a nuclear deal was in reach, the U.S. was quietly lifting some of the financial pressure on Iran, according to a Daily Beast investigation. How the sanctions were softened.
The Obama administration began softening sanctions on Iran after the election of Iran’s new president in June, months before the current round of nuclear talks in Geneva or the historic phone call between the two leaders in September.
US Iran Timeline
While those negotiations now appear on the verge of a breakthrough the key condition for Iran—relief from crippling sanctions—began quietly and modestly five months ago.
A review of Treasury Department notices reveals that the U.S. government has all but stopped the financial blacklisting of entities and people that help Iran evade international sanctions since the election of its president, Hassan Rouhani, in June.
On Wednesday Obama said in an interview with NBC News the negotiations in Geneva “are not about easing sanctions.” “The negotiations taking place are about how Iran begins to meet its international obligations and provide assurances not just to us but to the entire world,” the president said.
But it has also long been Obama’s strategy to squeeze Iran’s economy until Iran would be willing to trade relief from sanctions for abandoning key elements of its nuclear program.
In a "free america", it doesn't seem as thought the President should be determining what is a legitimate amount for me to live on and what is not...
... just like Mr. Obama shouldn't be telling me what kind of health insurance coverage I should have, and what I should not.
On TV, Mr. Obama keeps saying that my previous insurance was bad... NO IT WASN'T... who is HE to tell me what I want and what I Don't!...
... so now he's FORCING me to buy a policy I don't want, and can't afford!
If our grandfathers could see this kind of "authoritarianism" in the U.S., they would turn over in their graves for SURE.
By the way, I too am retired, between age 59 and 65, and live on what I pull out of my IRA. Obamacare will help me immensely on my health insurance costs until I reach Medicare age. My health insurance from my former employer was 10k per year of which the employer chipped in 2k, so I was paying 8k per year for health insurance. It was killing me. I have now signed up for Obamacare, a policy which is 8k per year, but I should only have to pay something like 2k of that. Even if I had to pay the full 8k I still wouldn't be any worse off than I was before.
But my situation may not be completely typical. My former employer is in California, and probably the reason the health insurance premiums are so high on the policy (Blue Cross Blue Shield) is because California's economy has been so badly screwed up by the Democrats. I now live in Washington State which isn't under the total control of left wing Democrats, moderate Democrats and Republicans hold some influence here as well, and that is perhaps why I can get a policy from Kaiser for 8k per year while a similar policy from Anthem BCBS for a Californian was 11k per year, and that's despite the fact that premiums in general have been going up both because of the ongoing inflation of health care costs as well as the additional jack up in premiums due to the new mandates of Obamacare.
Now I'm as conservative as the next guy but who is so dumb that they qualify for IRA withdrawals but not Medicare?
IF you have amassed enough to retire early odds are that you should have large assets in taxable accts that could be depleted ( which in turn would further reduce your taxable income over time) in the short term enabling your IRA to continue to grow and then you would qualify for the subsidy
There is plenty wrong with Obamacare that way out there hypothetical scenarios need not be employed
Furthermore IF you are one of the very few who has retired early with a massive IRA balance stop effin whining