I feel like anytime I bring up retirement with my coworkers they look at me like I'm an alien 😂 let's just say there's not a whole lot of faith in the pillars of retirement income amongst my cohort.
I don't know about the choice part, I don't think more choices are better in this case. How many people sign up for an advantage plan because it's the only choice they're shown, or it's presented overly favorably?
After listening to Lucretia Ryan explain the problems with Medicare Advantage plans on the Teach and Retire Rich podcast (Ep. Name: "Dirty Little Secrets of Medicare Advantage") I would avoid using one, especially because the rules about switching plans and supplements vary by state. I can appreciate your move though, it sounds like it was worth a gamble.
I think it's a little of the economic conditions, like overpriced assets and low wage growth and tricky inflation, but it's also definitely the spending habits of Americans on the whole that make things difficult. People think the government is inefficient at spending, but the American people on the whole are probably orders of magnitude less efficient with their money. We've lost the plot about needs and wants, and it doesn't help that most companies are more than happy to foster this delusion. I mean, just look at all the car commercials out there advertising trucks that are the equivalent of a years salary or more... Yikes 😬
But if they cut back on spending, what will happen to the economy? We'll end up in a recession of Americans began saving real amounts if money (>10% of income) for things like retirement!
Right now it's 3.10/gallon where I'm at, but I'll keep an eye out over the next week or two and report back. I don't think it will go up much, if at all, but we will see.
I cannot agree more about portion sizes at restaurants these days. Anytime I go out to eat, that's typically enough to fill me up for the whole day. It's pretty crazy.
Comments
I'm comfortable with my level. No advisor for me though 😢
Post: No Time Left for Calculating My Net Worth
Link to comment from June 14, 2025
I feel like anytime I bring up retirement with my coworkers they look at me like I'm an alien 😂 let's just say there's not a whole lot of faith in the pillars of retirement income amongst my cohort.
Post: In Defence of Work
Link to comment from June 14, 2025
Wow, that's a lot of SS income, that's crazy! Well done 👍
Post: Let’s Stir Up the Bee’s Nest Again- Another Way of Calculating Net Worth
Link to comment from June 14, 2025
I don't know about the choice part, I don't think more choices are better in this case. How many people sign up for an advantage plan because it's the only choice they're shown, or it's presented overly favorably?
Post: Medicare Advantage with No Premiums vs Traditional Medicare with a Plan G Supplement
Link to comment from June 14, 2025
After listening to Lucretia Ryan explain the problems with Medicare Advantage plans on the Teach and Retire Rich podcast (Ep. Name: "Dirty Little Secrets of Medicare Advantage") I would avoid using one, especially because the rules about switching plans and supplements vary by state. I can appreciate your move though, it sounds like it was worth a gamble.
Post: Medicare Advantage with No Premiums vs Traditional Medicare with a Plan G Supplement
Link to comment from June 14, 2025
I think it's a little of the economic conditions, like overpriced assets and low wage growth and tricky inflation, but it's also definitely the spending habits of Americans on the whole that make things difficult. People think the government is inefficient at spending, but the American people on the whole are probably orders of magnitude less efficient with their money. We've lost the plot about needs and wants, and it doesn't help that most companies are more than happy to foster this delusion. I mean, just look at all the car commercials out there advertising trucks that are the equivalent of a years salary or more... Yikes 😬
Post: Should we envy the super wealthy? Have they taken our piece of the pie leaving us with the crumbs? Nope! By Dick Quinn
Link to comment from June 14, 2025
But if they cut back on spending, what will happen to the economy? We'll end up in a recession of Americans began saving real amounts if money (>10% of income) for things like retirement!
Post: Should we envy the super wealthy? Have they taken our piece of the pie leaving us with the crumbs? Nope! By Dick Quinn
Link to comment from June 13, 2025
2.59? God, gas is so cheap! It genuinely boggles my mind that people complain about it as much as they do.
Post: A Rant about the Price of Gas, Part II: Live Experiment
Link to comment from June 13, 2025
Right now it's 3.10/gallon where I'm at, but I'll keep an eye out over the next week or two and report back. I don't think it will go up much, if at all, but we will see.
Post: A Rant about the Price of Gas, Part II: Live Experiment
Link to comment from June 13, 2025
I cannot agree more about portion sizes at restaurants these days. Anytime I go out to eat, that's typically enough to fill me up for the whole day. It's pretty crazy.
Post: The aging appetite, dealing with leftovers and buying for two seasoned citizens: Rant by RDQ
Link to comment from June 13, 2025