stillmuchtolearn
Confused about dryer sheets
- Joined
- Jun 20, 2006
- Messages
- 3
First, I'd like to say I've certainly enjoyed this forum. Like others, I've learned a great deal from reading it. I suppose you'd all wonder if I've learned so much, why we handle our finances as we do. We're 60 and 63 years old and like to be as sure as possible that the money we have is not at risk. We have $465,000 invested all in CD's. Some earn 6 percent at PenFed, and the others average about 5.5 percent. We draw out approximately $16,000 interest from them each year, and leave the rest there to try to offset inflation. My husband draws a little over $19,000 a year in social security and has his health insurance paid for through a previous employer. We do some odd jobs to add about $10,000 a year to our income. We have no other money--that's it! My social security will be from his account, as most of the time I've been a stay at home mom and grandma. We are debt free. We live in a very nice 3400 sq. ft. house on 15 acres in a beautiful country setting. We plan to add on another 600 sq. ft. in the near future. We have three very nice large outbuildings also, so we have quite a lot of equity here if we ever get in a bind and have to sell. But we love our place. We've built it all ourselves and are very attached to it. Woodworking is our hobby. My question is as follows. Right now we have to pay for my health insurance. It's $6000 a year, so it takes quite a bite out of our income. I'm in excellent health, so there's no issues there, thank goodness. We've tried to ask our insurance company what a medicare supplement would cost per month if I was old enough right now. We know things could change, but they wouldn't even give us an idea. We only want to know so we kind of have an idea if we can expect the premium to go down only a little from what it is now, or if maybe it will go down noticeably. Like I said, I realize we won't know for sure until the time comes. But I'm wondering if some of you can tell me how your premiums changed from the time you had regular health insurance to when you switched to a medicare supplement. Thank you for your help.