tag:blogger.com,1999:blog-626594980028435818.post1552831954724475586..comments2024-03-28T18:11:40.841-04:00Comments on Sightings Over Sixty: Do Retirees Have to Worry About Inflation?Tomhttp://www.blogger.com/profile/08611148987085476580noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-626594980028435818.post-72501830272631864402020-11-30T12:32:10.612-05:002020-11-30T12:32:10.612-05:00I volunteered doing free income tax preparation fo...I volunteered doing free income tax preparation for primarily senior citizens for over 10 years. I saw first hand the impact inflation had on retirees. Generally speaking, the finances of retirees in the first 10 years of retirement are good. The next 10 years are not as good. After that it gets worse. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-59642248125023331762018-05-21T04:47:38.556-04:002018-05-21T04:47:38.556-04:00Good-day, I'm Josef Lewis. A reputable, legiti...Good-day, I'm Josef Lewis. 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Kindly respond immediately using the details below if interested in a loan and be free of scams..<br /><br />Email: progresiveloan@yahoo.com <br />Call/Text +1(603) 786-7565 thanks<br /><br /><br />Anonymoushttps://www.blogger.com/profile/09403447046471667625noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-20067840938939486702018-05-09T07:07:03.627-04:002018-05-09T07:07:03.627-04:00We haven't retired yet, but I am working on ge...We haven't retired yet, but I am working on getting our bills paid off. Our grocery bill is atrocious for just two people, but if you eat healthy (lots of vegetables and salads) your bill is going to be more than for junk food. My main worry is insurance.Coloring Outside the Lineshttps://www.blogger.com/profile/15289093479063221765noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-23370551282116331862018-05-08T23:49:51.886-04:002018-05-08T23:49:51.886-04:00All prices have gone up. It is difficult for the r...All prices have gone up. It is difficult for the retired people to live. They need to take care of their health by eating health vegetables and fruits in order to avoid giving money to doctors and medicine and save them for their future use...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-36409210577288741762018-05-08T11:23:40.415-04:002018-05-08T11:23:40.415-04:00Amazon is going up from $99 to $119, and for some ...Amazon is going up from $99 to $119, and for some reason my prime membership says that next April I will be charged $99–maybe because I order constantly!<br /><br />I live in a low tax, “low cost” state—South Carolina. But food is the same price as everywhere else and I like to shop at ‘the good grocery store” Publix which is pricier but the pluses outweigh the negatives—at least for now. I can always change stores (ha!) <br />Being from Manhattan and originally Long Island I am used to the “best” and while I thought about money a lot never thought that I would buy a house that might be worth less than what I paid—and I put a considerable amount of money into it.<br /><br />I’m not sure that buying a house at 58 was the most prudent thing to do. But when you live in Manhattan your entire adult life you long for space and outdoor areas that are yours. That said I bought the house for many reasons including one bedroom on the first floor and two upstairs so I could easily have a roommmate.<br /><br />But I might sell and move to a part of the country where I have more in common with the people. Great friends here but I can only discuss certain things with a few. Unfortunately most “blue” areas are pricey. <br /><br />I can and will get rid of the cable package that I’m always getting down in price “for a year” A Spectrum year lasts 4 months in normal time.<br /><br />And I can afford to delay Social Security until 70 which is a big help. It’s nothing I’ve ever counted on, so it will be found money. Because I’m from Manhattan and am a woman my health insurance cost an arm and a leg (literally). I love Medicare and the best supp I could find. I think people don’t realize what a great thing Medicare can be—as long as you get the supp that covers the copay and much else. I pay more than most for Plan D not because I need it but because I learned last year you never know what will happen—and that is what insurance is supposed to be for. I know this is all unaffordable for many—and hope that it remains affordable for me.<br /><br />I always had renters then coop insurance. Every year my premium would go down. Now I have 3 kinds of home owner insurance as I live 5 blocks from the insurance. I resent paying so much for something I’ve never used in my life—wish the premium would go down or it would kick in at less than 2% but....My single biggest expenses are home insurance—cancels out the low property tax—and “you never know what’s going to go wrong” home maintenance expenses. I see home stuff going up—more the cost of labor. But hell if I can replace wood in a wood frame house—take out a wood deck and put in pavers. I tell myself the expense is worth it because I enjoy it but really I hope my home value appreciates.Pianoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-86550338819862361372018-05-08T08:46:30.858-04:002018-05-08T08:46:30.858-04:00Rebecca -- That average gas price is from a few we...Rebecca -- That average gas price is from a few weeks ago. The current average for a gallon of regular is already up to $2.81. And that's nationwide (including Texas!). Where I am in PA it's about $3.05. Even in NJ -- which is famous for The Sopranos and its low gas prices -- the price is about $2.90 now. But California? Well, everything is more expensive in California. Anon.: I can't argue with you.Tomhttps://www.blogger.com/profile/08611148987085476580noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-32448554903126072402018-05-07T13:42:07.299-04:002018-05-07T13:42:07.299-04:00We are on a fixed income but have quite a bit in s...We are on a fixed income but have quite a bit in savings. If necessary, I could always rent out our guest room for extra income. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-8731815773700517342018-05-07T11:56:21.374-04:002018-05-07T11:56:21.374-04:00The fastest rising inflation has to be city, state...The fastest rising inflation has to be city, state, and Federal taxes, tolls, and fees. As more government entities spend more and more....and they sink further into debt, they have no choice but to continue to raise more money. Most worrisome would be the national debt that plows more printed dollars into a Country that has no plan to control it. Continuing to print more USDs, make other USDs worth less and less. We are going to see “means testing” for Social Security, an increase in the Federal gas tax, more interest in taxing internet sales, and higher fees for Federal services (e.g. National Park Service senior pass went from $10 to $80 & passport fees just went up). They have no choice but to raise taxes and raise them quickly over the next 5-10 years. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-53794313969846651272018-05-07T02:01:10.867-04:002018-05-07T02:01:10.867-04:00When I was reading your gas prices I had to gasp. ...When I was reading your gas prices I had to gasp. Our prices are a least a dollar more here in California. It's kind of scary.<br />Rebecca Olkowskihttps://www.blogger.com/profile/17136102257837831028noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-85494686220959646402018-05-06T21:57:58.672-04:002018-05-06T21:57:58.672-04:00It is a similar issue here in Australia, Tom. Tha...It is a similar issue here in Australia, Tom. Thanks for highlighting the issue.Sue from Sizzling Towards 60 & Beyondhttps://www.blogger.com/profile/15418770845484399102noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-53440854880669992612018-05-06T18:25:37.466-04:002018-05-06T18:25:37.466-04:00We have just experienced a rise in our condo fees,...We have just experienced a rise in our condo fees, and are noticing increases in food every time we shop (price of avocados!). So yes, it is a concern. But I don't count on investment returns improving, and am certain we will not see an increase in our pensions. The only alternative is to spend less...as dreary as that sounds!Still the Lucky Fewhttp://www.stilltheluckyfew.comnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-30484068155246939522018-05-06T08:39:39.841-04:002018-05-06T08:39:39.841-04:00Good stuff here. Your U.S. News article omitted an...Good stuff here. Your U.S. News article omitted an 8th way to cope, and an important one. Pay off debts before you retire if you can, or set a schedule to eliminate them in a reasonable time frame after you enter your period of productive unemployment.Dick Kladehttps://www.blogger.com/profile/11793395712483278104noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-90201987655758274532018-05-05T22:18:49.635-04:002018-05-05T22:18:49.635-04:00We live in Washington state gasoline prices are ri...We live in Washington state gasoline prices are rising like a river..we don't go many places and we love to go to the Washington coast..so as not enjoy seeing dear friends we carpool to the coast with another couple in a most fuel efficient car..Food costs are soaring too..we are noticing taxes on schools rising but not much one has to pay for public education or what will kids do for education, few people can afford private education and college is necessary to have a decent job..plus just four years a bs doesn't cut it much here..It is always something I say..I say enjoy oneself and don't worry..ciao!!!!!!!!!!!!!!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-86558073566910285692018-05-05T21:51:07.289-04:002018-05-05T21:51:07.289-04:00I just hope it doesn't get to be a choice betw...I just hope it doesn't get to be a choice between eating canned cat food and dry cat food. Of course inflation is a concern. Right up there with health and safety in many ways. Good reminder.Jonohttps://www.blogger.com/profile/18170214396483091419noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-50367622177606281362018-05-05T15:07:02.018-04:002018-05-05T15:07:02.018-04:00Like the poor, Boomers living on a fixed income fe...Like the poor, Boomers living on a fixed income feel all of those small increases that add up to a bigger chunk of the retirement income pie. The cost of food, gas, and drugs are required expenditures in the Boomers' budget so little increases can make a big difference. Good article.Barbarahttp://www.babybloggingboomer.comnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-78391175933049365512018-05-05T12:06:01.979-04:002018-05-05T12:06:01.979-04:00Prices are indeed going up, slowly but steadily. A...Prices are indeed going up, slowly but steadily. And yet, retirees should worry about their health, less about the money. Keep away from doctors and meds (which means few medical expenses). Eat healthy (give up the steak, fat cheeses,wines; eat more veggies and fruit which cost cheaper) . As for the future, I'm not sure the world is got one. So why worry about 20 years from now?DUTAhttps://www.blogger.com/profile/12979375799258978432noreply@blogger.com