Are You Average? What Retirees Monthly Spending Looks Like

Here is a summary of the average expenditures - NOT luxury living, just comfortable.

If you have some time before you retire, here are some ideas for you.

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WEP, Explained (Sort of)

The idea behind WEP - the Windfall Elimination Provision - is that a FEW people were taking advantage of the ability to get a government pension, then take a non-government job, and get Social Security benefits, as well. According to Wikipedia: "The Windfall Elimination Provision (abbreviated WEP [1] ) is a statutory provision in United States law [2] which affects benefits paid by the Social Security Administration under Title II of the Social Security Act . It reduces the Primary Insurance Amount (PIA) of a person's Retirement Insurance Benefits (RIB) or Disability Insurance Benefits (DIB) when that person is eligible or entitled to a pension based on a job which did not contribute to the Social Security Trust Fund . While in effect, it also affects the benefits of others claiming on the same social security record." How it affects me: both my husband and myself worked primarily in teaching jobs ove...

Stop! Just - STOP!

I do understand that furniture designers have to make a living, but - this is just wrong . I've tried "ergonomic" furniture. I've sat in those hard-seated chairs and couches. They are NOT comfortable. They are NOT conducive to working on for extended time periods. They are NOT what I want. Apple LOVES them - well, yeah, they would. 20-somethings can sit anywhere comfortably. What I want is furniture that fits a senior, with a bad back and aching knees, and a need to get to her feet INSTANTLY, when the call of nature sings out. I don't need a seat so hard that my butt goes numb. I've seen seats like the ones shown, and a LOG has more 'give' to it. I don't need a couch for "two" that can only fit MAYBE 1-1/2 - IF they are on the 1 meal a day, semi-starvation diet (SO healthy!). I don't need a fixed table that encroaches on my already-diminished seating space. That "table" won't allow more than a small laptop/ta...

Changes to Medicare - How They Will Affect You

Obamacare has a wider impact than the people who are forced to comply with its many provisions. It will have an effect on Medicare, as well. Despite the constant political rhetoric that Medicare payment reductions affect only providers and not beneficiaries, funding cuts for Medicare services will directly affect those who depend on those services. If Obamacare’s major reductions are implemented by Congress over the coming decade, seniors’ ability to access Medicare services will surely diminish. Obamacare can be considered a success, judging from the OMB's reports. Unfortunately, those reports can only work from data/constraints they are given. Such limits mean that, depending on the questions/framework/data comprising their analysis, ACA looks like a raging success. Which, it isn't. In too many Americans' minds, debt of a government should just be paid by all those high-earners who greedily grab all the available money in an economy. Funnily enough, a substanti...

At Last! Retiring for GOOD!

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