A Seniors first Year of Retirement and the Financial Reality.

 

My article on the tax reality that I ran into after my first year of retirement.

I am a Baby Boomer, and my whole generation was told to put everything into tax-deferred savings.

The justification to us was that we would be in a lower tax bracket and would pay lower taxes.

Bit two things occurred that have been devastating to so many of my generation.

First, the Income tax system was stripped and rebuilt by Congress over the past couple of decades to where we Seniors, along with the lower middle-class of America are bearing the brunt of our countries tax load.

Second, The CPI index system was changed by Congress to where it is a false indicator of the true costs of living in America, and our Medical Insurance and care system costs have grown astronomically.

These things have made being a retiree a costly and dangerous lifestyle.

Click on the link below to read my article.

Tax Reality for my first year of Retirement

by Don Bobbitt, 2015

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I was Just Thinkin’ – Is it time for there to be a Third Political Party? A Seniors Party?

I was just going through some of my recent rants on Congress and the President, and how they are slowly but steadily stripping our benefits from all of us Seniors.

And, from what I now see, neither political party has any idea how to handle us, the existing retirees or the Baby Boomers.
The fear in their eyes is evident whenever you see them on TV and the subject of how to may the Medicare and Social Security bills that are looming on the Federal budgetary horizon.
I won’t go into the fact that we, as a generation actually paid for our benefits and that the government stole our money and spent it on the Democratic “Great Society”.
No, I want to keep this a simple Blog.
In my opinion, if we Seniors and Baby Boomers do not get ourselves organized as a strong political entity, to protect our rights, them many of us, especially those that now already have marginal funds to support ourselves in our retirement, are going to be literally “on the street” within another year, with what I know and understand about the profound effects of “Obama’Care” on America.
So, really, fellow Senior and Baby Boomer, we need a viable representative for us and our rights, in Congress, and Now!
How do we do this? I do not have a clue, but I welcome suggestions and discussion.
I was Just Thinkin’
DON
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DON