For the first time in a generation the Social Security monthly check will not increase next January, the victim of low inflation. This should not be a surprise to anyone, but wait. I can just see the critical response team at AARP figuring out to make the case for an exception – economic stimulus and all that you know. Hey, we can help people buy cars, why not food? I suspect the Medicare premium will increase and well it should as cost rise and financial trouble looms.
The hard reality of retirement as I a learning after only a year in this state is that the fixed income deal is real and if you plan on retiring…ever, you better figure a way to cope. As we now know you can’t even rely on your uncle any more.