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Old 07-15-2014, 04:29 PM
Location: Ponte Vedra Beach FL
14,628 posts, read 17,987,086 times
Reputation: 6724


Originally Posted by markg91359 View Post
In September, I turn 55. Retirement is probably 4-5 years away for my wife. For me it is a bit longer. I have to admit that I just get dizzy trying to sort through retirement issues. I worry about things like:

1. Will the maximum benefit I've accrued and am accruing paying for in my social security taxes be reduced just before I choose to retire?

2. Is my wife's state government pension solid? Will it somehow be reduced?

3. Will the ACA remain the law and allow us to purchase health coverage at a fairly reasonable rate if my wife chooses to take early retirement?

4. If I stick with my plan and continue working until I'm 70, will my social security benefits still end up being cut?

5. Will Medicare exist in something resembling its present form when we do retire?

On the other hand, I can't control any of these things and there isn't much point in worrying about them. Still, the level of instability makes me downright angry.

We ought to be able to count on more "constants" than this at this point in our lives. I've felt for sometime that changes need to be made to guarantee the viability of these programs for us and future generations. However, I'd like changes made now, not when we are too old to do anything about them.
It's like pretty much who knows IMO. My husband and I retired very early and lucked out - more or less - in many areas - but not all. But you're talking about working for another 15 years - until you're 70 (my husband will be 70 next year).

About the best advice I can give is accumulate as much in terms of personal assets are possible and invest them intellligently - so you don't have to worry about the future of government programs. Robyn
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Old 07-15-2014, 04:39 PM
Location: Ponte Vedra Beach FL
14,628 posts, read 17,987,086 times
Reputation: 6724
Originally Posted by newenglandgirl View Post
My family being old world Italian and French wouldn't miss a trick no matter what, they adamantly refused to undergo any kind of dementia to be certain no one got the better of them. I'm not making a joke of a serious, heartbreaking disease, but this honestly is the way they were. Even as my mother showed mild signs of general dementia beginning at 90, her memory was unimpaired and she told a social worker we'd sent over to check her out that she was having a wonderful day reading John Grisham and writing her bills, would she kindly go away. Even with her mild form she forced herself to function, write her own bills, etc. If she had had A's I know she would have wanted to die.

OTOH, I have an adult ed class and in it, six of the 12 (boomer age) participants had (or have) parents with advancing dementia, two so far who have died from (not with) it in institutions. One is writing a memoir about it, her mom died just last month. I know little about the whole genre of dementia, and am mentioning only what I read by the so-called experts, including the national Alzheimer website.

I really don't think we are being alarmed. It seems rather the opposite, that the whole condition is being underreported, but that's understandable b/c the tests for dementia/A's are perhaps not terribly advanced, and these diseases are intertwined with others that an aged person likely has. A lot more clinical findings will probably emerge with the huge wave of boomers coming over the hill.
A lot of what you wrote is BS IMO. I've seen enough of dementia to know that people who have it not only don't force themselves to pay their bills - they're not competent to do so. Dementia is kind of like pornography - you know it when you see it. Robyn
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