tag:blogger.com,1999:blog-6349012017649158447.post9053111284193341323..comments2023-10-17T07:59:54.235-05:00Comments on Brain Cells & Bubble Wrap: Long before retirement or getting oldVivian Zabelhttp://www.blogger.com/profile/06129178812565073972noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-6349012017649158447.post-89215812489716959012010-07-02T11:10:22.987-05:002010-07-02T11:10:22.987-05:00This is an excellent post, Vivian. I thought we pl...This is an excellent post, Vivian. I thought we planned well, even including a small health savings account. Well, the interest kept going down on the account, of course, and then our bank abruptly instituted a monthly charge for maintaining the account and that charge almost eats up the interest. If we take the money out now without spending it on medical, we have to pay taxes on it. One more stupid trap where retirees get backed into a corner.<br /><br />When you have a minute, Vivian, please stop by my blog. I have an award for you today.Patricia Stolteyhttps://www.blogger.com/profile/17192369425956406122noreply@blogger.comtag:blogger.com,1999:blog-6349012017649158447.post-15962421338183559132010-06-30T08:36:16.245-05:002010-06-30T08:36:16.245-05:00This comment has been removed by the author.Rena Joneshttps://www.blogger.com/profile/02328844122193024220noreply@blogger.comtag:blogger.com,1999:blog-6349012017649158447.post-59014146728500702402010-06-30T08:35:53.346-05:002010-06-30T08:35:53.346-05:00I find very little comfort for my children's f...I find very little comfort for my children's future the way our government is spending right now, more or less my own future. I simply don't know what to think anymore.Rena Joneshttps://www.blogger.com/profile/02328844122193024220noreply@blogger.comtag:blogger.com,1999:blog-6349012017649158447.post-70941798193778099212010-06-29T20:50:54.794-05:002010-06-29T20:50:54.794-05:00We started saving as soon as we got out of college...We started saving as soon as we got out of college, but we left college with a ton of student loans. We saved the minimum for a long time. Once we paid off our loans we saved more, plus started a college fund as soon as we could...One thing I think we will do when we retire is buy a smaller house. This is a really good post...( It should be required reading for people getting out of school starting their careers.)Sharon K. Mayhewhttps://www.blogger.com/profile/07799235347319851345noreply@blogger.comtag:blogger.com,1999:blog-6349012017649158447.post-83999667769553227912010-06-29T18:03:08.375-05:002010-06-29T18:03:08.375-05:00This is a subject that has kept me up at night. I ...This is a subject that has kept me up at night. I do hope that the young people of this country are learning to save for their future because it will get here faster than they think. There can be so many unforeseen things that can happen along the way. Things that no one wants to happen, but it just does. Illnesses, disabilities, never ending medical bills, and just the ever rising cost of living. It can all be overwhelming at times.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6349012017649158447.post-16268667910149567462010-06-29T17:44:28.113-05:002010-06-29T17:44:28.113-05:00I hope your experience is better than ours.
I'...I hope your experience is better than ours.<br /><br />I'm facing my husband not lasting much longer and with no one close by. If and when he goes, so will his Social Security. <br /><br />Insurance premiums are high even if a person is on Medicare. It seems as if a person isn't wealthy, he won't manage well when he retires.<br /><br />Hopefully the younger people can manage to find a way to save for their retirement and plus some.Vivian Zabelhttps://www.blogger.com/profile/06129178812565073972noreply@blogger.comtag:blogger.com,1999:blog-6349012017649158447.post-5590567472080794202010-06-29T17:38:07.231-05:002010-06-29T17:38:07.231-05:00We will soon find out what it will be like. My hus...We will soon find out what it will be like. My husband retired at the beginning of this year. HE will have a pension and SS next year, but I have never worked outside the home. We have always been a one income family, so we are not used to having lots of money, but we don't qualify for medicare yet and our insurance premiums are going to be so high next year. If it wasn't for that, I wouldn't have any worries.Janethttp://creativewritingintheblackberrypatch.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-6349012017649158447.post-41258764861768278042010-06-29T16:54:12.674-05:002010-06-29T16:54:12.674-05:00Oh, I had someone send an email saying her childre...Oh, I had someone send an email saying her children would help when she retired and was old. I have to laugh. Our children have their hands full taking care of themselves and their children. Many children don't live anywhere near their parents, and those that do have their own burdens.Vivian Zabelhttps://www.blogger.com/profile/06129178812565073972noreply@blogger.comtag:blogger.com,1999:blog-6349012017649158447.post-44836865675391825852010-06-29T15:30:03.417-05:002010-06-29T15:30:03.417-05:00Increase, what's that? Well, other than increa...Increase, what's that? Well, other than increases in insurance premiums, that is. About 68% of my retirement check is kept for the Medicare supplemental insurance premiums for my husband and me.<br /><br />I had to use my IRA for emergencies, which I could without penalty due to my being disabled and needing medical problems.<br /><br />I thought when we starting buying the house that I would be working at least another five to six years, which would have allowed us to double up on principal payments. Oh, well, young people must prepare so they don't face a bleak old age.<br /><br />Just wanted to give a bit of advice based on experience.Vivian Zabelhttps://www.blogger.com/profile/06129178812565073972noreply@blogger.comtag:blogger.com,1999:blog-6349012017649158447.post-89632506831410115442010-06-29T15:24:09.955-05:002010-06-29T15:24:09.955-05:00You're so right, Vivian. Fortunately our home ...You're so right, Vivian. Fortunately our home was paid for when dh and I retired. We have some bonds and our IRAs too. It's a good thing. Dh social security was cut 2/3 since he draws a firefighters pension. I don't know about Oklahoma, but Texas retired teachers have not had a pension increase since 2001. We're doing okay, but many others are not. So young people, be prepared for the future. You won't always be young. <br /><br />Good post, Vivian.Beverly Stowe McClurehttps://www.blogger.com/profile/02176195451841801819noreply@blogger.comtag:blogger.com,1999:blog-6349012017649158447.post-33169548734757414262010-06-29T14:31:02.939-05:002010-06-29T14:31:02.939-05:00I think a lot of people also look at those first p...I think a lot of people also look at those first paychecks and buy things they don't need, or don't need yet. If you don't change your living from college when you graduate (not for you, but those other youngsters out there) for several years, you can put away quite a bit before you need it. It's easier to save when you don't notice it's gone.Anonymousnoreply@blogger.com