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I just got an automated message from my power company that they are wanting a 3.85% rate increase. I can go online, call, or attend meetings to give them my "2 cents". It is a fact of life.........
We just buy what we want.
The only expenditures that really impact our retirement funds are vacations.
We do the same, since our income is pretty-much COLA-protected (pension, 2xSS, + annuity). We are very fortunate NOT to have to depend on our investments for our ongoing income. People who do that, many of whom seem to live on 4-5-percent investment withdrawal, are likely struggling in the face of the 2021 inflation spiral.
We do the same, since our income is pretty-much COLA-protected (pension, 2xSS, + annuity). We are very fortunate NOT to have to depend on our investments for our ongoing income. People who do that, many of whom seem to live on 4-5-percent investment withdrawal, are likely struggling in the face of the 2021 inflation spiral.
why do you assume those taking 4% draws are struggling ? they are inflation adjusted in calculation too.
with markets booming those draws can increase as well..
I’m at a craft brewery in Asheville. A big name locally. Prices have gone up at least $1, sometimes $2, across the board. No, the extra $10-$15/month isn’t going to break me, but their costs are up, and they are passing it along.
It’s a luxury item, but some essentials - some groceries, rents - are even worse.
Hmm. I only know Peet's as an upscale brand at the supermarket. I've bought it on sale, and I liked it.
But you are comparing it to Starbucks, so does Peet's sell their coffee in shops like Starbucks somewhere?
Peet's has coffee shops mostly in a few big cities - a bunch in SF area (over 200), some in LA, SD, and PDX. East coast mainly BOS and DC but a few others. Midwest and south - a few in CHI, TX, etc - here is a map https://www.peets.com/pages/store-locator . You can find the coffee is Costcos around here also.
I’m not shocked at inflation, as most of us retirees have lived through several of them. Rents have always gone up. New cars have always gone up. Food has always gone up. You just adjust your lifestyle accordingly.
The Rolling Stones sang a song with London’s Bach choir, and the choristers sang……..
No you can’t always get what you want, you can’t always get what you want, but if you try sometimes you find, you get what you need.
I’m not shocked at inflation, as most of us retirees have lived through several of them. Rents have always gone up. New cars have always gone up. Food has always gone up. You just adjust your lifestyle accordingly.
The Rolling Stones sang a song with London’s Bach choir, and the choristers sang……..
No you can’t always get what you want, you can’t always get what you want, but if you try sometimes you find, you get what you need.
This is hugely different for people my age. We’ve never seen this level of inflations. Retirees spending most of their money on essentials are getting screwed.
I’m affluent enough to weather it. I have two job interviews on Monday, the lowest paying 20% more than I make that covers the inflation. Most folks aren’t that fortunate.
We do the same, since our income is pretty-much COLA-protected (pension, 2xSS, + annuity). We are very fortunate NOT to have to depend on our investments for our ongoing income. People who do that, many of whom seem to live on 4-5-percent investment withdrawal, are likely struggling in the face of the 2021 inflation spiral.
Bada Bing to your first part. It is comforting and awesome to know you don't need your investments and their ROI is dwarfing any additional inflationary expenses. Just because of timing in life we are not inflation/expense sensitive.
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