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  #46  
Old 01-07-2011, 01:12 PM
starflyte1 starflyte1 is offline
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I think that the one expense that is a big surprise is the cost of medical ins. and meds.

$663.00 per month for insurance premiums. Medicare deducts $96.50 per person each month. Our supplemental insurance is $398 for both of us per month. Our Part D is $35.80 per person per month. And, copay on the prescription drugs add up and then the donut hole. My husband is older (87), but hopefully we all will reach that age, so our insurance costs and meds will all increase.

In 2008 and 2009 we legally claimed a deduction of $11,000 on our federal taxes for medical expenses, all for insurance and prescription copays.

I am not complaining, because it is great to have such wonderful coverage. But, the costs can dent a well planned budget, and could be a real surprise for some.
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  #47  
Old 01-07-2011, 02:39 PM
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rjm1cc rjm1cc is offline
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Quote:
Originally Posted by SoHumble View Post
According to city-data the median household income for the Villages in 2009 was about $61k. So it it appears about half the households live on that amount or less and the rest on that amount or more.

http://www.city-data.com/city/The-Villages-Florida.html
Remember that if you are taking assets our of your investments they are probably not included in the average. Probably the same for tax free interest, maybe non taxable social security etc.
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