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Old 05-28-2015, 04:47 PM
 
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as we know the wild card is medical. so far this decade rises in medical and healthcare has exceeded the fall off in spending that folks see as they age.

so while retirees traditionally could get away with not inflation adjusting every year because what they stopped doing and buying offset what went up , the big increases in healthcare seem to be destroying that premise.





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Old 05-28-2015, 04:52 PM
 
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Even worse than the cost of healthcare, is the fact that all of that modern healthcare is prolonging our lives and we need bigger portfolios so it will last longer.
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Old 05-28-2015, 04:57 PM
 
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Originally Posted by jrkliny View Post
Even worse than the cost of healthcare, is the fact that all of that modern healthcare is prolonging our lives and we need bigger portfolios so it will last longer.
Cost going up=Personally not good
Living longer= Pesonally good

Just Sayin
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Old 05-28-2015, 05:06 PM
 
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but living longer has increased medical costs and more premiums paid as well. although that is better i guess than the alternative.
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Old 05-28-2015, 05:09 PM
 
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Originally Posted by jrkliny View Post
Even worse than the cost of healthcare, is the fact that all of that modern healthcare is prolonging our lives and we need bigger portfolios so it will last longer.
yep ,that is the draw back of living longer . so i am not ready yet to buy in to the spending drops theory at this stage . it just seems to shift to healthcare.

marilyn and i got hit with 23k in dental for the two of us over the last 1-1/2 years
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Old 05-28-2015, 05:15 PM
 
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Originally Posted by mathjak107 View Post
yep ,that is the draw back of living longer . so i am not ready yet to buy in to the spending drops theory at this stage . it just seems to shift to healthcare.

marilyn and i got hit with 23k in dental for the two of us over the last 1-1/2 years
Did it help your taxes?
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Old 05-28-2015, 05:25 PM
 
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Two years ago I had cataract surgeries. Unfortunately I still needed glasses especially for reading and using my camera gear. I got by with $175 eyeglasses from Costco. After the lenses cracked the first time I had them replaced. They cracked again and in addition the glare and halos at night were horrible. So I just spent $500 for crizal coatings and new eyeglasses. The issue with glare is greatly decreased but at a price I still cannot get used to.

We do have dental insurance but I think we actually lose money after the cost of the insurance and the deductibles and procedures not covered and the minimal amount that the insurance pays for what they do cover.

Prescriptions drugs are a big issue. I don't understand or pay much attention, but my wife complains about the "donut" hole which apparently means she pays a lot in the course of the year. We have been going over $20K/yr for each of the past two years. On the other hand over the past 4 years both of us had 2 hospitalizations with big medical bills but we paid nothing.
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Old 05-28-2015, 05:35 PM
 
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So far we have been lucky. We spend about a grand a year on glasses but have that budgeted in. We each have vision care and that helps but I have found that saving money on progressive lenses may not be best. I get headaches so even the slightest change I get new ones am now wearing prescription progressive sun glasses. The wife has clip ons. Not cheap but necessary.
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Old 05-28-2015, 05:47 PM
 
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I tried clip-ons but they scratched the lenses and damaged the coatings. I also had separate prescription sunglasses now with the new expensive eyeglasses I have specially built clip-ons which attach to the glasses with magnets.

I understand almost all eyeglasses in the world are made by a single company in Italy. Prices are very high because of the virtual monopoly. Where are the Chinese when you need them?
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Old 05-28-2015, 06:18 PM
 
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Originally Posted by TuborgP View Post
Did it help your taxes?
i should see something this year but hell keep the deduction and forget the expense , i am way ahead.

but it was 2014 we paid the bulk of it and no nothing was deductible since we were on the amt from that lease sale.
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