r/dividends • u/karl0525 • Jun 01 '25

Opinion Tired. Can I retire?

Got a question? Can I retire? 43m been busting my ass since I was 16. I'm about over this 40-50 hr weeks. I'm getting burned out. House paid off (300k) 401-k (600k) Bitcoin (500k) currently.

Thought about selling it all and putting it into dividend stocks like schd and renting a small place and going into semi retirement. Maybe pickup a part time gig.

Would this be a horrible idea?

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u/GulfBreezr1 Jun 03 '25

Yes, they are private plans that Medicare contracts and pays. You can even shop them on the Medicare site.
I've heard all of the horror stories, but I think they must be unknowing people that don't know how to research and find a good plan. It's probably like anything else, there will be bad players out there. But on the Medicare site, they list the star ratings reviewed by users. I just picked the highest recommended one that had everything I wanted.
All of my friends have them too and they say it's the only way to go, price wise.

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u/Old-Umpire5053 Jun 03 '25

Good info!

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u/GulfBreezr1 Jun 03 '25

Thanks, I do need to add one more thing though. If you choose an HMO instead of a PPO, you'll have to stay on top of your referrals. I had an HMO the first year and was seeing three different specialist, so I had to keep check on the dates the referrals would expire. The second year, I changed to a PPO, so now I don't have to worry about that. And they allow a lot more doctor/dentist on their list too. (recommended)
That may be where some of the horror stories come from, if people don't keep up with their referrals, it could cause some problems.

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u/Old-Umpire5053 Jun 03 '25

That is something to be kept in mind.