[Babubhat]

No. Your house will increase proportional to all. A minimal impact if any

[Garywt]

I guess we are on a semi fixed budget, my wife works still and I collected disability and my pension. I understand fixed income when retired based on the fact that your monthly income drops so much that you have to adjust your lifestyle some.

We have no plans to change this years. Still driving, camping, boating, going on a cruise, going to Aruba (timeshare) and eating. No need for us to adjust. When my wife retires we will most likely sell the northern house for additional funds but at 57 she is not ready to retire.

[zendog3]

Originally Posted by mermaids

One way to save money. Do not shop at Appliance Direct!!
They are not a reputable company and unfortunately we found that out the hard way!!

Off topic but: I bought two major appliances from Appliance Direct. They had a range that was not available from Lowes, or Best Buy and was available only months out from Home Depot. The price was good, with delivery and installation. I recommend them, but others may have different experiences.

[GOLFER54]

When things get really bad, I am prepared to sell my toenail collection.

[Babubhat]

There are plenty of Villages annuity salesman and reverse mortgage people who will cure your problem.

[OrangeBlossomBaby]

Originally Posted by Nucky

OBB, add your anticipated Social Security Income to your husband's income then go to Healtcare.Gov (Obamacare) and check out your exact coverage today against what it will be with your new S.S. income. Get prepared to trick out what you've got. Sorry to be the bad news guy but this just happened to my best friend in Jorsey. Sad.

Inflation, whatever, we are alive and kicking. I'm good with whatever comes at us. I may be shocked sometimes but what are you gonna do? NOTHING! I did some shopping the other day at Publix and was shocked beyond shocked at some of the prices.

Yeah we got a kick in the teeth for this year's health insurance. Neither of us are old enough for Medicare yet, so we rely on the ACA (colloquially known as Obamacare) for subsidies. In 2020, we paid $13/month for premiums. That was great, because neither of us had Social Security yet, and hubby's pension had -just- kicked in after around 6 months of ONLY unemployment benefits. His company closed the department and put him out of work 2 years before he could get full retirement benefits (which would've included health insurance coverage).

In 2021, our premiums went up to around $80, because we were both working part time, and then his Social Security had just kicked in mid-year. So our premiums were based on only 6 months worth of SS rather than a full year's worth.

This year, our premiums are $386/month, even though I retired fully.

I imagine next year we'll be looking at around $1200/month for the two of us if we stick with the plan we have. We'll probably have to take a plan that's not as good, and not get any subsidies at all, and pay the regular price on the marketplace. It'll be around $480/month. But we can at least keep the doctors we have.

[Michael G.]

Originally Posted by GOLFER54

When things get really bad, I am prepared to sell my toenail collection.

I sold my toenails on e-Bay last month and got $12,000 for them.
I said they were Halle Barry's toenails.

Works for me

[craigrmorrison]

Originally Posted by Michael G.

Inflation is rough on retired seniors on fix income everywhere.
Coping with the high cost of gas, cars, food, and many
other products, what's your plan on fighting inflation?

Do you drive less?
Do you eat out less?
Do you socialize more with friends at home?
Did you cancel travel plans this year?

Just curious on how you're dealing with 2022 so far.

Cheers !

Drastically reduced travel.

[Babubhat]

Need to implement tax strategies to keep your ACA income below the subsidy limits if you are close. I have done it for years

[Garywt]

Originally Posted by OrangeBlossomBaby

Yeah we got a kick in the teeth for this year's health insurance. Neither of us are old enough for Medicare yet, so we rely on the ACA (colloquially known as Obamacare) for subsidies. In 2020, we paid $13/month for premiums. That was great, because neither of us had Social Security yet, and hubby's pension had -just- kicked in after around 6 months of ONLY unemployment benefits. His company closed the department and put him out of work 2 years before he could get full retirement benefits (which would've included health insurance coverage).

In 2021, our premiums went up to around $80, because we were both working part time, and then his Social Security had just kicked in mid-year. So our premiums were based on only 6 months worth of SS rather than a full year's worth.

This year, our premiums are $386/month, even though I retired fully.

I imagine next year we'll be looking at around $1200/month for the two of us if we stick with the plan we have. We'll probably have to take a plan that's not as good, and not get any subsidies at all, and pay the regular price on the marketplace. It'll be around $480/month. But we can at least keep the doctors we have.

Increases like that would hurt anyone. Our insurance actually went down some because our youngest turned 26 last year and we went to a 2 person policy. My pension covers health insurance luckily. Best of luck.

[PugMom]

Originally Posted by dewilson58

Everyone (except the top .1%) is on a fixed income.

[PugMom]

this is 1 of the best threads i've seen so far. so many different opinions & methods. thank you all for the insight re: investments

[Wyseguy]

Originally Posted by rustyp

Since you are flooding the airways with "just curious" subjects please post them where they belong - The Villages, Florida. non villages discussion.

Be Nice.

[Wyseguy]

Originally Posted by Garywt

Increases like that would hurt anyone. Our insurance actually went down some because our youngest turned 26 last year and we went to a 2 person policy. My pension covers health insurance luckily. Best of luck.

I was on ACA for awhile. Because I was working, I did not qualify for the larger subsidies. I also was not able to get the better plans. I spend 407.00 a month with a 10,000.00 deductible. The ACA agent told me if I stopped working he could improve the plan and the premium part I paid would be much lower.

[rustyp]

Originally Posted by Wyseguy

I was on ACA for awhile. Because I was working, I did not qualify for the larger subsidies. I also was not able to get the better plans. I spend 407.00 a month with a 10,000.00 deductible. The ACA agent told me if I stopped working he could improve the plan and the premium part I paid would be much lower.

It was not because you were working. It was because of your income level. One does not have to work to have income. I'm not trying to be funny or sarcastic here. This is a very important subject pre medicare retirees should get educated on. First you need to understand what is income per the ACA requirements for subsidy. You may find that shifting some non intuitive items will be helpful. An example is if you have access to after tax money rather than drawing from pre tax accounts it won't count as income for the upcoming year. Another example if you are working you can weigh the financial benefit of stop working when you hit a certain level. The subsidy may be worth more than the money your leaving on the table plus your on vacation for the remainder of the year. Subsidy assistance starts around Mid to high $50K income for married filing joint. Again it what the ACC defines income as. As you march lower down the income scale the subsidies get very substantial quickly.