Then it's on each of us as voters to vote people into Congress who share our values and priorities. If car wax is important to you, vote for people who agree. If you think each family should only have one car, vote for people who agree with that. Money has to be spent, it's literally what makes the country function. But what it's spent on is determined by Congress. And who is in Congress depends on us.
But of course, what one says in oct, can be way different from what they do in jan.
And that's a conversation worth having. But it has zero to do with raising the debt limit. The debt limit is solely to allow us to pay the bills that we've ALREADY accrued. And the 14th amendment to the Constitution is very clear that not paying the bills is not an option. So they have a Constitutional duty to raise it and THEN have conversations about how things should change.
Glad to hear that you always vote! And I agree that you can't go by what they say while campaigning. It's a tough time to be an American for sure, no matter which side of the aisle you're on.
Navy Fed did that during the shutdown a few years ago. It was a good thing they did too, because military families could have been totally screwed over. My son-in-law got all his backpay, and it was automatically taken to cover the paychecks that NF covered for them.
Wow ...that is a good rate for the term. You're betting that the rates will drop over the next 4-5 years which in my opinion is more likely than not. As long as you have a chunk of cash not locked into a retirement account. I'll be 60 this year so I have 5 more years max to work, but was figuring the cost to retire at 62 where I'd have to pickup medical coverage for 3-years till medicare at 65 ...I've got a good amount tied up into 4.5-5% CD's in a ladder(6-24mo) trying to earn as much as I can to cover the expense. Which I figure would be somewhere in the $15-20,000 range for me. Of course, the sacrifice is what that money could have earned in the traditional market ...like Google up 40%+ over the last 3-months
Wow ...that is a good rate for the term. You're betting that the rates will drop over the next 4-5 years which in my opinion is more likely than not. As long as you have a chunk of cash not locked into a retirement account. I'll be 60 this year so I have 5 more years max to work, but was figuring the cost to retire at 62 where I'd have to pickup medical coverage for 3-years till medicare at 65 ...I've got a good amount tied up into 4.5-5% CD's in a ladder(6-24mo) trying to earn as much as I can to cover the expense. Which I figure would be somewhere in the $15-20,000 range for me. Of course, the sacrifice is what that money could have earned in the traditional market ...like Google up 40%+ over the last 3-months
The problem is, if they take SS at 62, there are earning limits (62-65, I think) that can be tough to work around for some salaries. How do they do it? Live off their retirement savings for three years? Really curious, from your perspective.
Some of us are smarter than that.
Rates are still going higher.Wow ...that is a good rate for the term. You're betting that the rates will drop over the next 4-5 years which in my opinion is more likely than not. As long as you have a chunk of cash not locked into a retirement account. I'll be 60 this year so I have 5 more years max to work, but was figuring the cost to retire at 62 where I'd have to pickup medical coverage for 3-years till medicare at 65 ...I've got a good amount tied up into 4.5-5% CD's in a ladder(6-24mo) trying to earn as much as I can to cover the expense. Which I figure would be somewhere in the $15-20,000 range for me. Of course, the sacrifice is what that money could have earned in the traditional market ...like Google up 40%+ over the last 3-months
If you can avoid taking social security at 62, you’ll be better off. But it really depends on your assets and health.
You’d think so, but not so sure these days …Some of us are smarter than that.
It's not an "actual" loss. SS will readjust your benefit based on that $1 for every $2 that you lose. So your full retirement age benefit will increase as a result. That's a very loose explanation without going too deep into it!
) so I go in with the understanding I have more than just SS and my own retirement to live off. As a child my father was pretty frugal, but I consider myself blessed for certain.
That's why I set up the money I am putting into CD's as a ladder. So the money will mature in stages. If rates go up, I'm hedging so I'll have a good portion available to reinvest at the new higher levels.
Oh, well. It's too late for that. The law mandates that the money be spent.
