Well Larry, the use there of can bring some satisfaction. A famous 'money guru' tells of after building a large pile of wealth, you can have the 'most fun you'll ever have with money' ...
'You can be outrageously generous.' I follow in the Bible, Matthew Chapter 6, verse 1.
I paid off all my private 'credit' debt. That of course gives more income to save, or just do what ever. Doing what we can while in the building phase to max the retirement money is very wise.
Then, lowering the spending in the distribution part makes life much easier with excess money.
This from a quick search, Thank you for correcting me Sir!
=========================================== Yes—Members of Congress are covered by Social Security for their work as members of Congress (they pay Social Security taxes and receive Social Security benefits based on their covered earnings).
Their eligibility for Social Security is separate from their pension plan: they also participate in the Civil Service Retirement System (CSRS) or the Federal Employees’ Retirement System (FERS) for federal retirement, which is not Social Security.
Thanks Adam,
Being single for decades before taking SS, I had it so very easy. I waited until I received a letter stating I won't accrue higher benefits after age 70, which I framed noting a 'good decision' as a note.
Every COLA that comes is based on the highest amount I could have gotten. My job as I tell others is to stay healthy and live long.
King Richard! Another thought producing article indeed! SS is the greatest of my retirement incomes and I took distribution at the highest amount available, a late retirement. The current COLA is of that biggest amount.
But, of course the powers will probably want to limit it as you indicate.
Well, THEY, congress, doesn't take SS and, THEY aren't gonna be effected so.... A way I look at the inflation game and how to be OK with it is I consider a leaky wealth bucket. Income in at the top and expenses leaking out the bottom.
It's easy to see that plugging a leak is the same as adding extra income. Work to pay off any stupid payments for debts and your effective income magically increases.
Hi Rick,
I left the farm and state when I was just out of high school. My Dad sold officially the farm to the youngest son decades later, me and my siblings knew this so....
we make our own bed is my feeling on this stuff.
Cammer, Very interesting you mention this.
A tenant I have mentioned several homes around his that one fellow owns, but only one is rented out.
This fellow seems to have different ideas of what to do with his property.
Oh Thanks Dennis, As I look back on my life, I realize I've been ever so fortunate in so many ways. Many things in life have happened to produce positive results, even if they started off in the negative.
Yes, knowing that I don't have to worry about the boys is such a blessing. They are the best thing I have had happen!
Thank you Dennis,
Yes, we want to see our kids succeed in life. They learn most from their parents early on so it's best if the parents know that.
Only one of my two sons graduated from High school but both are solidly set in good work and have good families. By applying themselves diligently to what ever job they are doing, for work or in family life, they are doing well! Praise the lord!
Comments
Well Larry, the use there of can bring some satisfaction. A famous 'money guru' tells of after building a large pile of wealth, you can have the 'most fun you'll ever have with money' ... 'You can be outrageously generous.' I follow in the Bible, Matthew Chapter 6, verse 1.
Post: For most retirees, the greatest fear is not death—it is running out of money before they die.
Link to comment from August 8, 2026
I paid off all my private 'credit' debt. That of course gives more income to save, or just do what ever. Doing what we can while in the building phase to max the retirement money is very wise. Then, lowering the spending in the distribution part makes life much easier with excess money.
Post: For most retirees, the greatest fear is not death—it is running out of money before they die.
Link to comment from August 8, 2026
This from a quick search, Thank you for correcting me Sir! =========================================== Yes—Members of Congress are covered by Social Security for their work as members of Congress (they pay Social Security taxes and receive Social Security benefits based on their covered earnings). Their eligibility for Social Security is separate from their pension plan: they also participate in the Civil Service Retirement System (CSRS) or the Federal Employees’ Retirement System (FERS) for federal retirement, which is not Social Security.
Post: Inflation, prices, COLAs, retirement and the last 16 years
Link to comment from August 5, 2026
Thanks Adam, Being single for decades before taking SS, I had it so very easy. I waited until I received a letter stating I won't accrue higher benefits after age 70, which I framed noting a 'good decision' as a note. Every COLA that comes is based on the highest amount I could have gotten. My job as I tell others is to stay healthy and live long.
Post: Social Security
Link to comment from August 2, 2026
King Richard! Another thought producing article indeed! SS is the greatest of my retirement incomes and I took distribution at the highest amount available, a late retirement. The current COLA is of that biggest amount. But, of course the powers will probably want to limit it as you indicate. Well, THEY, congress, doesn't take SS and, THEY aren't gonna be effected so.... A way I look at the inflation game and how to be OK with it is I consider a leaky wealth bucket. Income in at the top and expenses leaking out the bottom. It's easy to see that plugging a leak is the same as adding extra income. Work to pay off any stupid payments for debts and your effective income magically increases.
Post: Inflation, prices, COLAs, retirement and the last 16 years
Link to comment from August 2, 2026
Hi Rick, I left the farm and state when I was just out of high school. My Dad sold officially the farm to the youngest son decades later, me and my siblings knew this so.... we make our own bed is my feeling on this stuff.
Post: $400,000 Mistake
Link to comment from August 2, 2026
Cammer, Very interesting you mention this. A tenant I have mentioned several homes around his that one fellow owns, but only one is rented out. This fellow seems to have different ideas of what to do with his property.
Post: $400,000 Mistake
Link to comment from August 2, 2026
Woohoo, This is so on time for me as I am seeing my estate lawyer on Aug 3 to ask questions and revise anything that needs to be. THANK YOU Bogdan
Post: $400,000 Mistake
Link to comment from August 2, 2026
Oh Thanks Dennis, As I look back on my life, I realize I've been ever so fortunate in so many ways. Many things in life have happened to produce positive results, even if they started off in the negative. Yes, knowing that I don't have to worry about the boys is such a blessing. They are the best thing I have had happen!
Post: Lessons on the Ground
Link to comment from July 19, 2026
Thank you Dennis, Yes, we want to see our kids succeed in life. They learn most from their parents early on so it's best if the parents know that. Only one of my two sons graduated from High school but both are solidly set in good work and have good families. By applying themselves diligently to what ever job they are doing, for work or in family life, they are doing well! Praise the lord!
Post: Lessons on the Ground
Link to comment from July 18, 2026