Through it is political suicide it might be a good idea to cut ALL entitlement programs by 10%. Go full bore on eliminating waste and fraud. And freeze and/or reduce government spending for 5 years.
If they ran this survey in August 1986 I bet the results would've been the same. Back then I remember many boomers were saying they would never be able to retire.
I worked with a guy who would go on a family vacation every year (sometimes twice a year) and put it on his CC. He was still paying for vacations that were 4 or 5 years ago. I've always wondered what his cost for the vacations were when he took them and the actual cost paying them off for months and months and months. He always complained wasn't paid enough.
Comments
Through it is political suicide it might be a good idea to cut ALL entitlement programs by 10%. Go full bore on eliminating waste and fraud. And freeze and/or reduce government spending for 5 years.
Post: Keep an eye on Medigap policies
Link to comment from September 26, 2026
One thing that is on the table is to make SS 100% taxable for everyone receiving benefits.
Post: Is your retirement plan counting on a Social Security COLA in the future?
Link to comment from September 25, 2026
Mike, great comment. You hit the bullseye.
Post: What I think about taxes- all kinds of taxes
Link to comment from September 22, 2026
I have always said that once you reach your 60s you should make an appointment with a cardiologist.
Post: On Being a “Healthy” Person
Link to comment from September 9, 2026
The only reason I am still in NYS is because my kids and grandkids are here.
Post: The best state to retire? Take a close look.
Link to comment from September 3, 2026
There is no state tax on public pensions in NYS, but they do tax private company pensions. (as ordinary income) That seems totally unfair.
Post: The best state to retire? Take a close look.
Link to comment from September 3, 2026
If they ran this survey in August 1986 I bet the results would've been the same. Back then I remember many boomers were saying they would never be able to retire.
Post: A bleak picture for retirement in the future?
Link to comment from September 2, 2026
VHS tapes, DVDs, CDs and CD players, old collectibles that I thought would be valuable, old IPODs, useless exercise equipment - and much more.
Post: Make the Attic Great Again
Link to comment from September 1, 2026
I worked with a guy who would go on a family vacation every year (sometimes twice a year) and put it on his CC. He was still paying for vacations that were 4 or 5 years ago. I've always wondered what his cost for the vacations were when he took them and the actual cost paying them off for months and months and months. He always complained wasn't paid enough.
Post: Americans and their credit cards
Link to comment from August 25, 2026
No credit card company would give you a $70K line of credit without excellent credit, high income, and substantial assets.
Post: Americans and their credit cards
Link to comment from August 25, 2026