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I just received the info on my current Part D for 2011. The cost is going from $14.33/mo to $23.++ per month starting in January 2011. So, opting to chose another low cost provider instead that takes the cost back to $14.20/mo (thanks WMT and Humana)I have not yet received any info on upcoming supplement cost changes.

Since we've been retired for 15 years, we're likely more skeptical than you youngsters just now facing that event and we know how tax increases hurt. We pay our taxes out of our monthly income, so any increase on that portion of our living expenses must be made up elsewhere. Our only true discretionary spending is on eating out and gasoline for driving. All other money is consumed by monthly house related bills and food, and the occasional entertainment, along with health care. We do manage not to spend all of our monthly income, so that is the good part. We keep a healthy "oh no" account, and a personal escrow account to pay those yearly large bills or to save for our winter trips. But again, this all comes out of our monthly income. Some months are naturally tighter than others.

That said, any increase in those monthly expenses must be made up in other categories as we try to maintain a 2% or less withdrawal rate...sometimes we're successful and sometimes we're just the squashed bug on the windshield.
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