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Showing posts from October, 2018

Social Security Increase Next Year

That's good news, generally. The increase in the CoL (Cost of Living) means somewhere around $39 a month for the average recipient, less for those earning less than $1400/month.

Those whose medical bills or rent has increased will not see as much in their pockets.

I'm one of those who don't fit the standard advice. I receive pensions from teachers systems (one that actually reduces my Social Security check), still work part-time subbing (mostly to boost my SS by eliminating zero years), and have savings in annuities - both variable and fixed.

When the experts suggest you stockpile half-a-million to a million dollars in savings/investments, pensions are not considered. I used one of the many retirement calculators to determine that, if I were retiring one year from now, to receive an income equal to my current pension, I'd need to have $370,000 in savings/investment.

Wow!

I just checked again, and to replace my husband's pension (both current, and what he will be ta…

Retirement is NOT Always Forever - Nor Complete

My husband and I have differing ideas about what it means to retire. My idea is that it should be a real change, not just changing jobs.

Now, our ideas were formed, in part, from our different experiences. My dad retired - for good - at 60. He had just received a diagnosis of cancer, and he wanted to take advantage of the freedom of retirement.

He never did much travel. My mother's ill health made that difficult, at best. She was resistant to getting a motor home, and using that as a base for their life. Even after her death, 12 years later, he seldom was able to see other sights. He died four years later, never having been far from home.

Den's father died before he could retire, at 52. Even when he was in the hospital, dying, he was planning to oversee building and operation of the new plant in Bradford. After his death, the new structure was never built, and the original plant eventually closed.

Den has already retired, once, from his job in Cleveland. Even before the retire…