retiring
- Thread starter polkwrangler
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aczlan
Good Morning
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That depends on how you figure the numbers.
If you exclude intragovermental debt (ie:money "borrowed" from Social Security, etc), you are correct. If you include that debt, the debt rose each year.
Aaron Z
repete
Veteran Member
Coming here asking for financial advice...
A lot of us cannot even keep our tractors running today.
A lot of us cannot even keep our tractors running today.
Steppenwolfe
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Rich is relative. Many of us here have lived within our means, worked hard, and saved / invested well. I also consider my quality of life to be first and foremost when considering if I am rich or not; I grew up in a trailer till I went to college at 18, and never thought we were poor or not living as well as any other kid I knew. The first few apartments then houses my wife and I rented when we first married sure weren't what most people would chose to live in, but we were happy. Money is only part of that. I think it's our attitude that determines if we are rich or not.
Chris616
Silver Member
I admire the people who learned that "delayed gratification" is the key to financial success in spite of the example set by their parents. It is the common thread throughout all of the anecdotes that TBN members have posted in this thread and is one of the most important life lessons to pass on to younger generations.
Chris
Chris
goeduck
Super Star Member
Coming here asking for financial advice...
A lot of us cannot even keep our tractors running today.
Wel,,, maybe after they retire they will have time
Chris616
Silver Member
That is dumbfounding. US$30K a year.
goeduck
Super Star Member
$2400 seems high. My neighbors are paying $1400 a month for both of them and she is an ex teacher so theirs would be good coverage. She turns 65 this year so that should go down. I think he is younger than she is.
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Steppenwolfe
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Yep... your math is correct. Blue Cross/Blue Shield. NO dental, NO eye glasses, and NO prescription drug plan. And... neither one of us has been in the hospital in 32 years, when last son was born, or has any medical issues at all... It is ridiculous what healthcare costs in the US. I must be paying for a couple other folks that skate free... :confused3:
Steppenwolfe
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It is high, but we are self employed so there is no group benefit. The good news is I can write the cost off against my federal income tax... The bad news is it's still 30K out of my pocket.
Chris616
Silver Member
Wikipedia is a relatively unbiased source of information. Here's an interesting read about the reasons for the high cost of health care in the US:
Health care finance in the United States - Wikipedia
Chris
buckeyefarmer
Epic Contributor
Interesting read. Just skimmed it so far.
two_bit_score
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^^^^^^^^^^ Wikipedia is a relatively unbiased source of information^^^^^^^^^
:laughing: :laughing: :laughing: :laughing: :laughing: :laughing: :laughing: :laughing:
From Wikipedia itself: Wikipedia is not a reliable source. Wikipedia can be edited by anyone at any time. This means that any information it contains at any particular time could be vandalism, a work in progress, or just plain wrong.
:laughing: :laughing: :laughing: :laughing: :laughing: :laughing: :laughing: :laughing:
From Wikipedia itself: Wikipedia is not a reliable source. Wikipedia can be edited by anyone at any time. This means that any information it contains at any particular time could be vandalism, a work in progress, or just plain wrong.
dnw64
Veteran Member
We the "best" plan available, as far as highest premiums and lowest out-of-pocket. For instance our co-pays are $10 for regular office visits, ED visits are $150 and hospital deductible is $750. Generic rX is capped at $5. No dental, no eyeglasses (but we do get a small break on eye exams).
Between my wife and I, I am sure the insurance companies have spent well over $1MM over the last 30+ years, between childbirth (2 C-Sections), multiple knee surgeries including two full replacements, and I spent 30 days in-patient over 4 admissions and two sets of surgeries for intestinal issues.
We get BC/BS Platinum plan through our group plan at work. Since I am the owner I pay for the whole thing, which for 2020 will be around $1700 IIRC.
Chris616
Silver Member
A few of the entries in Wikipedia are seldom visited and are prone to hijacking by one or two editors who can create misleading information. Well used entries like the one that I posted a link to are different. Any kind of fringe or inaccurate information is rapidly disputed and corrected by others.
In another thread I pointed people towards the following website, which gives Wikipedia a "Least Biased" rating.
Wikipedia - Media Bias/Fact Check
Here's my post from that other thread describing Media Bias/Fact Check:
I've been using the following website for a few days now as I check the background of a website before reading the website itself. It's not perfect, since it will probably have some bias itself. Some folks at MIT used it as part of a research project, so they thought it was pretty good. I was surprised how few of the common news sources fall into the "Least Biased" category (see the red bar near the top of the website). Our two national newspapers in this country were both "Right-Center Bias" and the most watched national TV news program was "Left-Center Bias", as examples. If where you're getting your news falls into the "Left Bias", "Right Bias", "Conspiracy-Pseudoscience" or "Questionable Sources" categories, though, it would be good to consider that question that I posed up above (which was "Are you choosing which news to read to help you form an opinion, or to just reinforce an opinion that you already have?").
Media Bias/Fact Check - Search and Learn the Bias of News Media
Media Bias/Fact Check - Wikipedia
Chris
buckeyefarmer
Epic Contributor
I found it interesting about the self insured companies that pay back the health insurance company, basically using them for administration.
That's what my employer does. We haven't had a rate hike in years. I also get a 20% discount on my share of the premiums by participating in their "health program", doing things such as watching my blood pressure and not being a couch potato... which I do anyways.
buckeyefarmer
Epic Contributor
Our company offered that 2yrs ago, said if we participated we would get lower rates the next yr. than they didn’t.
