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Dr. Shiva

Running Out Of Money, is your pension secure?

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Nothing is guaranteed in life but death and taxes.  Just this past year, the proposed US budget attempted to eliminate cost of living increases to our Federal Pension. Yes, what you start off with does not increase and will be eaten up with inflation over time.  Fortunately, the proposal was taken off the table, for now...

In addition, US Federal employees that retire before the age of 62 receive a supplement to bridge the gap until we are eligible to receive social security.  This supplement equates to around 75% of what you would receive in Social Security at 62.  This benefit is currently under discussion to be eliminated as well.  

With continual changes in presidents and congress, who knows what laws will be in place 30 years from now... 

 

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44 minutes ago, bows00 said:

 

who knows what laws will be in place 30 years from now... 

 

I for one will not bothered, I will be either dead or dribbling in a corner somewhere .

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8 hours ago, stevewool said:

should i say sell your handbags to fund your life once i have gone.

There is good money in that.

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On 12/9/2017 at 2:19 AM, stevewool said:

dead or dribbling in a corner somewhere

If your dribbling in the corner someone will have to pay for your care. :console:

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On 12/9/2017 at 10:11 AM, Dave Hounddriver said:

There is good money in that.

You should sell yours Dave :whistling:

 

Edited by sonjack2847
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1 hour ago, Jollygoodfellow said:

If your dribbling in the corner someone will have to pay for your care. :console:

Yes that is why i am getting rid of the house and spending as much as i can before i dribble, then it will be the local council if i am here in England, but i am not counting on being in England .

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