jkern
Full time employment: Posting here.
Through the first 7 years of retirement (age 51 to 58) my spending has not reduced at all and will increase over the several years. I don't plan on any reduced spending until at least mid 70s.
I'm spending a lot more than when I was working. I have all this time now to surf and buy stuff off the internet -
We did not have a wedding to cover. We bought our snowbird home in 2007 and have excluded the capital cost but not the remodelling/refurnishing so I think that has contributed to the higher initial years.Actually this thread got me thinking a bit more. I looked at my spending excluding capital items (home purchases) and alimony since retirement. The results surprised me a bit as follows , indexed to 2007 my first full year of retirement:
I have added my column and based it on 2006:
2007- 100% 100
2008- 80% 95
2009- 54% 97
2010- 74% 99
2011- 65% 81
2012- 55% 81
2013- 84% 83
2014- 75% 68
2015- 92% 70
2016- 65% 71
Doesn't seem to be any pattern other than looks like I went crazy in the first year, cut back in 2009 (financial crises), and spent more in 2015 ( daughter's wedding). I was thinking my spending was more constant than this. Interesting, at least to me.
just premium jumps,dental ,hearing aids , vision ,modifying ones home to remain in it if need be and long term care costs . .
medicare is introducing lower income brackets in 2018 where your premiums will jump if you hit the levels . this years income will be the benchmark for your 2018 premium . the new range is 133,500 to 160k will be added and increased as well as increases in the 160-214k range