Comments on: Preparing Financially to Go Solo http://queercents.com/2007/04/25/preparing-financially-to-go-solo/ We're here, We're queer, and We're not going Shopping without Coupons Wed, 10 Mar 2010 04:23:21 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: The Simple Dollar » The Simple Dollar Morning Roundup: V8 Revenge Edition http://queercents.com/2007/04/25/preparing-financially-to-go-solo/comment-page-1/#comment-36787 The Simple Dollar » The Simple Dollar Morning Roundup: V8 Revenge Edition Mon, 30 Apr 2007 13:30:53 +0000 http://www.queercents.com/2007/04/25/preparing-financially-to-go-solo/#comment-36787 [...] Preparing Financially To Go Solo This is a nice guide to some of the preparations you need to quit your job and become self-employed. (@ queercents) [...]<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-36787">0</span> <small>(to vote for this comment, please visit the site)</small></p> [...] Preparing Financially To Go Solo This is a nice guide to some of the preparations you need to quit your job and become self-employed. (@ queercents) [...]

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]]> By: Debbie http://queercents.com/2007/04/25/preparing-financially-to-go-solo/comment-page-1/#comment-35877 Debbie Thu, 26 Apr 2007 20:35:27 +0000 http://www.queercents.com/2007/04/25/preparing-financially-to-go-solo/#comment-35877 This is a great article! Although I'm not entrepreneurial, I often think of these topics myself. For example, I've heard of people who get really sick and though they have insurance at first, after a while, they no longer have their jobs, so they no longer have their insurance, and now they have a pre-existing condition. So I've wondered if it's a good idea to get your own inexpensive catastrophic insurance even while you have a job so that if this happens, you've still got some protection. Also, currently my employer has pretty good insurance for it's retirees, and Medicare is also pretty good. But that could all change right? It almost has to, doesn't it? Mightn't it be a good idea to get catastrophic insurance now, again while there are no pre-existing conditions, or in time to have them covered by the time these other plans fizzle out? It sounds like catastrophic insurance still has some kinks in it. I like the idea of it for insurance against bankruptcy if you get really sick. ** Another idea for retirement savings is to just invest outside of retirement plans. There's almost no paperwork at all! You will never pay a fine to the IRS for taking your money out too soon. And any capital gains are taxed at capital gains rates rather than income rates.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-35877">0</span> <small>(to vote for this comment, please visit the site)</small></p> This is a great article!

Although I’m not entrepreneurial, I often think of these topics myself. For example, I’ve heard of people who get really sick and though they have insurance at first, after a while, they no longer have their jobs, so they no longer have their insurance, and now they have a pre-existing condition. So I’ve wondered if it’s a good idea to get your own inexpensive catastrophic insurance even while you have a job so that if this happens, you’ve still got some protection.

Also, currently my employer has pretty good insurance for it’s retirees, and Medicare is also pretty good. But that could all change right? It almost has to, doesn’t it? Mightn’t it be a good idea to get catastrophic insurance now, again while there are no pre-existing conditions, or in time to have them covered by the time these other plans fizzle out?

It sounds like catastrophic insurance still has some kinks in it. I like the idea of it for insurance against bankruptcy if you get really sick.

**

Another idea for retirement savings is to just invest outside of retirement plans. There’s almost no paperwork at all! You will never pay a fine to the IRS for taking your money out too soon. And any capital gains are taxed at capital gains rates rather than income rates.

Current score: 0 (to vote for this comment, please visit the site)

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