Retirement and Inflation

Shiftless

Well-Known Member
All the threads on the other boards and I put up another one? WTF!

If you are retired and not working, inflation may cause some to shift their pants!

Sure its a real and present danger.

QUESTION IS, now that you are retired, do you consider Inflation just the tip of the iceberg?

Are we going to see a Recession or DEEP Recession?

Where do you think the economy is going and how fast will we get their?
 

Jkloc420

Do you need an air compressor or tire gauge
All the threads on the other boards and I put up another one? WTF!

If you are retired and not working, inflation may cause some to shift their pants!

Sure its a real and present danger.

QUESTION IS, now that you are retired, do you consider Inflation just the tip of the iceberg?

Are we going to see a Recession or DEEP Recession?

Where do you think the economy is going and how fast will we get their?
I already started an inflation thread
 

DELACROIX

In the Spirit of Honore' Daumier
All the threads on the other boards and I put up another one? WTF!

If you are retired and not working, inflation may cause some to shift their pants!

Sure its a real and present danger.

QUESTION IS, now that you are retired, do you consider Inflation just the tip of the iceberg?

Are we going to see a Recession or DEEP Recession?

Where do you think the economy is going and how fast will we get their?

That would be a negotiable item, a cost of living increase could be included in our next contract. I know Social Security has that provision, I imagine that there are retirement plans out there that includes inflationary increases.
 

Shiftless

Well-Known Member
From my limited perspective when your retire generally speaking you are on a fixed income from a pension if you have one. Most I know depend on their investments to circumvent inflation.
 

Shiftless

Well-Known Member
I would be OK if the Teamsters offered us old guys a COLA that actually kept pace.

Then again a Snowball in H*ll probably has a better chance.
 

Casca

Well-Known Member
some unions have negotiated cola/inflationary clauses for their retirees.....my father was a machinist in the i.a.m. and benefited from that clause....it was some time ago and perhaps it doesn't hold now.....I am surprised that this hasn't been a contract item with the teamsters.
 
some unions have negotiated cola/inflationary clauses for their retirees.....my father was a machinist in the i.a.m. and benefited from that clause....it was some time ago and perhaps it doesn't hold now.....I am surprised that this hasn't been a contract item with the teamsters.
We're lucky not to get a pension cut weather alone a pension increase
 

Darmark7

Retired 2020. Not my Problem Anymore!
I planned on 2% inflation a year but with Joe it looks like we will be getting that a month! Can you imagine older people that just have Social Security? I’m glad I retired before Joe got in because I probably wouldn’t of retired if I was still working seeing how quickly Joe is (F) ing things up! The future is scary when you have someone head of the country that is controlled by people that hate the USA.
 
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rod

Retired 19 years
That would be a negotiable item, a cost of living increase could be included in our next contract. I know Social Security has that provision, I imagine that there are retirement plans out there that includes inflationary increases.
SS has cost of living raises but for the last few years they are all ate up by increased costs for your Medicare.
 

Jones

fILE A GRIEVE!
Staff member
I planned on 3.5%, but also tested my plan against higher inflation scenarios. Things are pretty solid up to 5%, starts to get increasingly shaky above that. That's sustained inflation over 30-40 years btw, if it's just a few years here and there it's not a big deal.
 

Shiftless

Well-Known Member
I was hoping in my lifespan I would never ever again see any President worse than jimmy carter !

I look at what we have today in office and think this is gonna be one hell of ride and pay back after seeing
what the biden socialist party is doing and has done so far. He and his socialist party have surpassed any
thing I would have ever thought could happen in this country.

This cradle to grave entrapment is on super steroids right now! We haven't even begun to see and feel the pain of their actions!
 

salty one

New Member
We haven't had real inflation in decades. The Fed keeps promising us they can financially engineer us out of inflation and debt, but without inflation, the $28trillion in debt and rising will keep increasing.

I may be the contrarian, but so long as we can keep the necessities somewhat sheltered from inflation, I don't see inflation in consumer goods to be a bad thing for a country addicted to consumerism, cheap debt and spending. We are not a country of savers, but with higher inflation comes higher interest rates, which is great for savers and encouraging individuals to be more fiscally responsible and to change financial behaviorism. We can't keep spending our money on cheap crap that we don't need, and then relying on taxpayer dollars in retirement because the majority of Americans don't save or plan for the future. The average person, corporation and the nation have far too much debt, and yet we keep spending, as if more reckless spending and living beyond the means will dig us out of this crater.

Savers are bad for the short-term economy, but better for the long-term economy because they won't need to rely upon taxpayer dollars, which will reduce government spending and debt. We need to be more thoughtful of the ROI of our spending. Taxes spent to educate a populace that will have better jobs and improve the economy is more valuable than keeping old sick people who never took care of their health alive for 5 more years (looking like a vegetable in a nursing home). I'm not saying to throw grandma under the bus, but we HAVE to be forced to think about the long-term impacts of our choices, from our spending, to our decisions around our health and diet, to self-improvement and reskilling/upskilling.

Our current path of mindless spending and expecting others/the health insurers/the government to rescue us will lead us to bankruptcy, both economically and socially. This isn't political; this is a much more macro view that supersedes politics, infighting, division and distraction.
 

BrownFlush

Well-Known Member
We haven't had real inflation in decades. The Fed keeps promising us they can financially engineer us out of inflation and debt, but without inflation, the $28trillion in debt and rising will keep increasing.

I may be the contrarian, but so long as we can keep the necessities somewhat sheltered from inflation, I don't see inflation in consumer goods to be a bad thing for a country addicted to consumerism, cheap debt and spending. We are not a country of savers, but with higher inflation comes higher interest rates, which is great for savers and encouraging individuals to be more fiscally responsible and to change financial behaviorism. We can't keep spending our money on cheap crap that we don't need, and then relying on taxpayer dollars in retirement because the majority of Americans don't save or plan for the future. The average person, corporation and the nation have far too much debt, and yet we keep spending, as if more reckless spending and living beyond the means will dig us out of this crater.

Savers are bad for the short-term economy, but better for the long-term economy because they won't need to rely upon taxpayer dollars, which will reduce government spending and debt. We need to be more thoughtful of the ROI of our spending. Taxes spent to educate a populace that will have better jobs and improve the economy is more valuable than keeping old sick people who never took care of their health alive for 5 more years (looking like a vegetable in a nursing home). I'm not saying to throw grandma under the bus, but we HAVE to be forced to think about the long-term impacts of our choices, from our spending, to our decisions around our health and diet, to self-improvement and reskilling/upskilling.

Our current path of mindless spending and expecting others/the health insurers/the government to rescue us will lead us to bankruptcy, both economically and socially. This isn't political; this is a much more macro view that supersedes politics, infighting, division and distraction.
Too late.
You couldn't sell this to the generation that's on the scene now for nothin'.
 

Over70irregs

Well-Known Member
Poor pandemic plan and simple mask policy pushed faulty foundation over the edge. Current admin has a rent/mortgage reckoning dumped in lap. Purchase power of one dollar set to drop below $1. Russia and China are pulling back financially. We are in “subsidized” early deep recession. We should be in depression but printer is stuck in print mode. No gold just a played out rep. Our military will not help us anymore. I’ll stop now the truth hurts.......
 
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