Article

2018-10-21 Economy

This retirement expense has hit $100,000 annually ‐ and it's continuing to rise

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Besoeker 2018-10-21 02:25|| || Front Page|| [3 views ] Top

#1 Overall, the rising cost of care has outpaced inflation.

Tell me something the government subsidizes that doesn't outpace inflation?

Posted by Procopius2k 2018-10-21 07:17|| 2018-10-21 07:17|| Front Page Top

#2 Social Security and Farm Subsidies

Posted by Skidmark 2018-10-21 09:06|| 2018-10-21 09:06|| Front Page Top

#3 Compare that to around-the-clock home care by a skilled nursing assistant, let alone an RN. 8760 hours in a year, at $10 an hour = $87600 just for salary. The building, furniture & utilities are extra.

Posted by Anguper Hupomosing9418 2018-10-21 10:53|| 2018-10-21 10:53|| Front Page Top

#4 Military retirement

Posted by AlmostAnonymous5839 2018-10-21 11:00|| 2018-10-21 11:00|| Front Page Top

#5 Military retirement and social security are not subsides. They're obligations for time or money taken.

Posted by Procopius2k 2018-10-21 14:50|| 2018-10-21 14:50|| Front Page Top

#6 Military retirement
Yes, the job nobody else wanted. I never back up to the mailbox.

Posted by Besoeker 2018-10-21 16:29|| 2018-10-21 16:29|| Front Page Top

#7 If you need this sort of care in your later years, plan to move to a third world country, or buy a robot. There is no way for a normal person to make enough money to pay these bills given the current inflation rate on medical care.

In a related story, my mother-in-law actually had insurance for long term care, and yet chose to die rather than use it, because she wanted her independence.

It is sad that she wasted her money on insurance she did not want to use. But that was her choice so, ok.

The moral of the story, is to spend some time thinking about this problem. Absolutely no one will care about your choices when you are dead.

Instead your relatives will be paying lawyers and funeral homes to get your things sorted out.

Posted by rammer 2018-10-21 22:48|| 2018-10-21 22:48|| Front Page Top

23:16 DooDahMan
23:08 SR-71
23:05 Maggie Brown1364
22:48 rammer
22:29 rjschwarz
22:22 Alaska Paul
22:08 trailing wife
21:29 Frank G
20:39 Zenobia Floger6220
20:28 BrujoTejano
20:20 BrujoTejano
20:09 Zenobia Floger6220
19:35 Procopius2k
19:12 Zenobia Floger6220
19:12 Besoeker
19:08 Besoeker
18:39 jpal
18:27 trailing wife
18:25 Injun Bucket8891
18:19 Cheaderhead
18:01 Zenobia Floger6220
17:54 Zenobia Floger6220
17:27 SteveS
17:18 Zenobia Floger6220