Thursday, December 29, 2011

Why is fixed income not fixed?

Why is is fixed income not fixed?
1.       Pension Income from the evil empire is fixed once you start receiving it. It will never go up.
2.       Social Security income is tied to the inflation index and raises every so often.
3.       The inflation index does not include consumer commodities like food and gasoline?
4.       Inflation according to the government is on the increase by 3.5%, however, food and gasoline is rising at a 10% rate.
5.       So if you do the math, your income is declining by at a minimum 5.5% a year.
So what is a person to do, when they are on a declining balance income?
Coupons for groceries and perishables.
Shop only sale items.
Turn off lights.
Use less water.
Keep heat turned down.
Don’t drive too far.
So! you say I already do that, and I still can’t make ends meet?
Get a job? Oh wait you are over 60 and therefore unemployable in the evil empire.
Ok so now what?
To start with a letter to your congressman and senator requesting they stop spending your money on wasteful things, and recommend that they really look at the tax structure for retired Americans.
Real progress will help protect older retirees.
We have worked all our lives, and should be able to enjoy the fruits of our labor.
No income tax on PENSIONS!!!!!!!!!!!!!!!!! Thank you idiot Snyder!!!!!!!!!!
Medical premiums that are spiraling out of control? $1200. Deductible plus 30% co pay? Who can afford to go to a doctor if you  get sick?
Here are some email address that I have and a place to start:
take care
check back later
Randy

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