Tired...Anyone retired this year, how has it been, any issues. Looking at 3 more yrs.

   / Tired...Anyone retired this year, how has it been, any issues. Looking at 3 more yrs. #161  
I don't play the power ball, but I do spend $2 a week on the Florida Lotto. That's about $ 104 per year. So far I have got three numbers {$15} twice a year, so the actual cost is more like $ 74 per year. I like doing the math on what it would be after taking the lump sum and taxes. Then breaking it down into what it would bring me in interest, and how big a draw I could take and keep it nearly intact. I figure I get $2 worth of mental stimulation out of it. And you never know. Someone is going to win it.

When I lived in FLA, I played the lotto sorta frequently and most likely broke even. It certainly was fun and worth the few dollars I spent. One family member won $10,000. A corworker thought she had one the lotto one day. She was reading off the numbers one by one to her boyfriend and things got interesting when she matched four numbers and then five. They did not match the sixth number. :shocked::laughing::laughing::laughing:

I seldom play in NC because I have only won once, maybe twice. I do like thinking about what I would do with the money. :D:D:D

Later,
Dan
 
   / Tired...Anyone retired this year, how has it been, any issues. Looking at 3 more yrs.
  • Thread Starter
#162  
Still thinking about what some of you write. It appears I can keep my job as long as I am healthy and the investment group who owns us has not sold. But I think they will by 2017 when we receive the next round of contracts. I have at least one job lined up for after retirement #2.
Yesterday I started the process of moving most of my 401k to another company Rollover IRA. This is because my 401k is a Target Fund with 26% Bonds thus it is started to retreat. The Rolliver IRA is one I have used to ladder CDs up to 2008. I want to not lower what I have and be ready when the FED starts slowing their propping up of the economy. I know it is very conservative, but where I want to be.
Also selling our land as sells are increasing for large acreage and rates are still fairly low.
Just my thoughts for today.
I hope more of you speak out to our weak Congress and states. It amazes me that the Funding arm (House) does not use their power so these Execytive Orders become empty actions. And that states do not come together as one and overrule with 75% some of the crap.
Oops....I digress, need to finish my coffee and go bush hog.
Good day to all. Jim
 
   / Tired...Anyone retired this year, how has it been, any issues. Looking at 3 more yrs.
  • Thread Starter
#163  
Well, I have not touched this since August as I did not see anything to add. But now I am mad as my plans are being effected by a lot of things political.
1. I turn 65 in March and know I am to sign up for Medicare and it is first pay with Tricare as second and I am blessed to have a good work plan so it is second with Tricare for Life third until then. I also receive VA Disability which I received for the beating my body took through 28 years of Special Forces and with up to two years away from home. Once I went eight months with two broken feet thinking I had bunions. Turns out I did have bunions but they had to break both feet at the old break to make things right. I say this not for glory, but for what I say next.
2. Now I am told DoD and the White House are pushing that any VA Benefit received is to reduce military retirement by a like amount.
3. And DoD says Tricare is costing too much so it needs to be reduced as to what is provided and increased cost or forced to leave for some.

I remembered how bad things got for the military when Pres Clinton inflicted the Hilary Heathcare Plan on the military, which is another story. The old system became her plan under one name and then evolved into Tricare. But I researched how costly Tricare could be and found the same lies as found when I checked if Social Security is broken.

1. Social Security.
Social Security funds excess of yearly need go into the General Fund as a loan to the government. $2.2 Trillion is owed the SS Trust Fund (love that name) for excess taken each year. Congress says they can not pay it back as it would force the debt over the ceiling. Yet, the Constitution requires debt to be paid and the SS debt is listed in the amounts owed.
2. Tricare and VA Benefits. (This is why I write this message as it effects my retirement as I can not retire now and my wife)
The White House wants to raise Tricare fees, raise deductibles, decrease or end some VA benefits, cut benefits for injury if you are receiving military retired. They say it is because healthcare costs increases are huge. They lied.
August 2012 Washington Post reports "The Washington Post reported this week that the Department of Defense has requested nearly $3 billion over the last three years be moved from funds dedicated to TRICARE into weapons programs and other accounts unrelated to healthcare, despite assurances from Pentagon officials that healthcare costs were "eating the U.S. military alive."

"According to a report on the FY2013 Defense Appropriations Act provided by the Senate Appropriations Subcommittee on Defense, the Pentagon reprogrammed $1.36 billion dollars from TRICARE in fiscal year 2011, $772 million in fiscal year 2010, and requested an additional $708 million to reprogram from this year's budget."

So this was almost $3,000,000,000 that was for Tricare over the past three years that was used for other things and counted against Tricare as that is what it was appropriated for!

It is one big surprise after another and I just can not keep up. We have truly not had a working government for a while. Last week the nomination approval process was taken over when the vote was reduced from a need for 60 Senate votes to 51. The very night of the reduction the White House made 30 nominations knowing no one can stop them.

I would fight (in the correct way NSA), but I see no unity anywhere.
 
   / Tired...Anyone retired this year, how has it been, any issues. Looking at 3 more yrs. #164  
sfloggie,

A couple things to consider: Every year you can wait to take SS gives you an 8% raise. If you don't wait, you get a fake cost of living raise, about 1% of so these days.

If your wife worked and earned SS on her own, she can sign up for SS based on your allowance without affecting her eventual payout. So suppose you would get $1,000, she would qualify for 50% of that. Suppose on her own, she qualifies for $750 per month. She can take that $500 & delay taking her $750, getting that 8% raise each year until she signs up for SS based on her own earnings.

There is a gotcha however. If you qualify for civil service retirement, they take a big chunk right off the top of your SS benefit. And it cuts into that 8% raise you would get by delaying.
 
   / Tired...Anyone retired this year, how has it been, any issues. Looking at 3 more yrs.
  • Thread Starter
#165  
True, I was so frustrated with the latest news on VA and Tricare, I forgot about the SS aspect. If they cut the VA vs Mil retirement and increase Tricare I would have to stay longer no matter what. We are also probably going to need to help our daughters family under Obamacare as there yearly heathcare cost increases quite a bit.
Good Day, Jim
 

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