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’m Mad! Everybody deserves more Money but ME!

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It’s just not right, I tell you!

This is my annual Rant at the world about how our nations politicians treat their Seniors, Retirees, Baby Boomers and others who are living on a fixed income.

Just tell me why:

  • Doctors deserve more for their visits every year,
  • Supermarkets deserve more money for their basic foods like bread, milk, etc.
  • Automakers deserve more money for their new cars,
  • McDonald’s workers and others deserve more money for slapping hamburgers on a grill.
  • Drug manufacturers deserve more money for their pills, even the generic ones.
  • And, the list goes on.

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