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Author: Follydolly Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 20156  
Subject: Re: Retired before 80! Date: 6/19/2011 12:32 AM
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If I had all that money in an IRA, they wouldn't jack me up. I just pay the lowest rate.

Ahem....when you turn 70 1/2 and you have a regular IRA, all those funds coming out in RMD's are considered income and your Medicare fees can be more than doubled. I am currently paying $220+ monthly for a single Medicare payment. And I notice that Medicare is paying a lot less and I am paying a lot more in co-pay.

I have enough $$$ to live comfortably. But I have two daughters always in financial straights. Yes, their problems stem from their life choices - something I am trying to rectify for my GKs. One of my daughters is a raging liberal because of her financial situation. She has been jobless for over a year, currently taking courses at the university to be a para-legal. Hope she finds work!

I don't care for people to judge those who have more money than they do. They do not know the status of other's financial responsibilities. Also, it is people who can afford to go out and spend that keep this economy afloat. If everyone had to scrimp and save to survive, we would become a third world country. The Housewives of LosAngeles/Beverly Hills, NY, NJ who spend spend spend are really doing the nation a favor.

The liberals and conservatives can yell themselves horse. IMO, most all the gov't are useless idiots on the taxpayer's dole. There is currently not one of them I would want to vote for President in 2012. We are in trouble.

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