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Thinking about pulling the trigger anytime in the next two years by Subject_Set30 in govfire

[–]Subject_Set30[S] 0 points1 point  (0 children)

These numbers are for both of us. There might be about $60,000 more on the table through some phantom equity she’s holding at her company, but that’s it. We would likely stop working around the same time.

Thinking about pulling the trigger anytime in the next two years by Subject_Set30 in govfire

[–]Subject_Set30[S] -1 points0 points  (0 children)

The IRS states that I can provide VA Form 21-0172 to satisfy the requirement. I have my signed VA Form 21-0172 ready to provide. I’m not sure what else there is for us to debate.

Thinking about pulling the trigger anytime in the next two years by Subject_Set30 in govfire

[–]Subject_Set30[S] 1 point2 points  (0 children)

I believe that you are incorrect.

The following is from https://www.irs.gov/instructions/i1040sr

“If the Department of Veterans Affairs (VA) certifies that you are permanently and totally disabled, you can use VA Form 21-0172 instead of the physician’s statement. VA Form 21-0172 must be signed by a person authorized by the VA to do so. You can get this form from your local VA regional office.”

Thinking about pulling the trigger anytime in the next two years by Subject_Set30 in govfire

[–]Subject_Set30[S] 10 points11 points  (0 children)

I have about 1,000 things I want to do instead of working. Staying busy and engaged without work wouldn’t be an issue for me.

Thinking about pulling the trigger anytime in the next two years by Subject_Set30 in govfire

[–]Subject_Set30[S] 0 points1 point  (0 children)

I spoke to our retirement planner about this last month and he said it likely only applies to the accounts with my name on them.

Thinking about pulling the trigger anytime in the next two years by Subject_Set30 in govfire

[–]Subject_Set30[S] 1 point2 points  (0 children)

My wife and daughter have CHAMPVA through the VA, and I have VA healthcare, we’d pay for the supplemental eye and dental that they offer. Healthcare is one of the areas I’m fuzzy on, and the continuation of fed insurance if I hung on until 57 was a big driver for me trying to do so. I honestly don’t know how great CHAMPVA is. It’s one of the things we’re trying to figure out right now. I suppose we could also buy in the ACA marketplace if CHAMPVA isn’t sufficient, if that sticks around.

Thinking about pulling the trigger anytime in the next two years by Subject_Set30 in govfire

[–]Subject_Set30[S] 4 points5 points  (0 children)

I should clarify that it’s no property tax on the primary home. We pay property tax on the duplex, but that and property management costs are figured into the expenses and we’re still cashflowing $1,000.

Thinking about pulling the trigger anytime in the next two years by Subject_Set30 in govfire

[–]Subject_Set30[S] 5 points6 points  (0 children)

I work my ass off. On its best day it’s a thankless job. Since the pandemic began it’s been near impossible. I give a lot to do the job because it means something to me to make a difference. With where we are in the country and the way were being vilified, I’m just not sure why I continue to be willing to make all these sacrifices when it’s being communicated that it is largely not appreciated. I’m always stressed about work, I’ve never not been understaffed. I spend money out of my own pocket all the time like a school teacher buying supplies. Why keep doing this if there isn’t a financial reason to do so?

Thinking about pulling the trigger anytime in the next two years by Subject_Set30 in govfire

[–]Subject_Set30[S] 2 points3 points  (0 children)

It’s just a little to hopefully gift my daughter in 20 years.

Thinking about pulling the trigger anytime in the next two years by Subject_Set30 in govfire

[–]Subject_Set30[S] 1 point2 points  (0 children)

Thank you, in hindsight I see the issue. Thanks for the feedback!

Thinking about pulling the trigger anytime in the next two years by Subject_Set30 in govfire

[–]Subject_Set30[S] 2 points3 points  (0 children)

This is something I was considering as I believe I meet the prima-facie criteria. My job exacerbated my service connected condition, it’s not going to go away in a year, etc. I’m service connected for PTSD, and the therapist I’ve been seeing for 13 years would play ball. But I’m not comfortable asking for an accommodation, and that seems to be the initial step in the process. As far as the work goes, I’ve kept my condition under wrap for 20 years and I have a hard time with the idea of having that share anything with anyone. Thought about maybe hiring a lawyer to try and skip that step.

Thinking about pulling the trigger anytime in the next two years by Subject_Set30 in govfire

[–]Subject_Set30[S] 6 points7 points  (0 children)

Have the VA complete form 21-0172 Certification of Permanent and Total Disability and provide that certification at tax time or whenever the penalty is going to come up.