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I suspect minimum SS age will be around 70 by the time my generation gets there.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2017 Cadillac ATS Performance Premium 3.6
(noting that age makes a difference)
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2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
The monthly premium went up $125 because the group was so much smaller after offshoring most of the technical staff.
When I retired in 2016, COBRA was approx $500/mo, while the subsidized Retiree health plan was $750/mo. One other thing to note: COBRA for vision/dental insurance tends to be really cheap compared to what companies charge for retiree programs (if offered)
Because of an FASB ruling in 1994, requiring companies to account for retiree health expense as it was earned, rather than when it was paid, my company capped their retiree health expense at 150% of the 1994 level. They hit that CAP in the '00s.
So, our retiree health premiums reflect the full amount of the actual cost increase, each year. Not a percentage of it. My current unsubsidized retiree health premiums are $1136/mo. (for one person).
About the time my COBRA was up, they decided to give us a premium reimbursement account, instead of subsidizing the retiree premiums. It was based on length of years to age 65. It covers roughly 35% of the premium, if you want it to last until Medicare eligibility.
Then multiply all that by 2, since my wife is a retiree of the same company.
The healthcare.gov monthly premiums for my age are substantially higher, for poorer coverage.
If you'd told me in 2005, that I'd have to budget $18K/yr just for healthcare premiums, if I wanted to retire before 65, I wouldn't have thought it possible, but here we are. It beats working.
Don't get me started on the pension program "improvements" they made in the '00s.
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You just need to get your income down low enough to qualify for the federal subsidy. Subscribe to my channel for more financial tips!
If you are eligible for a company sponsored retirement plan, then you are automatically ineligible for a federal subsidy. I checked.
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Good thing I had multiple devices today. Our internet went out but could still use it on my cell phone!
2023 Hyundai Kona Limited AWD (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
2023 Hyundai Kona Limited AWD (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Thankfully a few years ago the wife switched jobs (companies). Up until then we were at the same place, and that was not at all a comforting feeling. Especially there.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
That makes up for my farmer’s retirement plan which is a hole in the ground behind the barn.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
But, I'm not mad about retiring.
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'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Mine: 1995 318ti Club Sport-2020 C43-2021 Sahara 4xe-1996 Speed Triple Challenge Cup Replica
Wife's: 2015 X1 xDrive28i
Son's: 2018 330i xDrive
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2023 Hyundai Kona Limited AWD (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
And still loving my part time gig at Enterprise. Hard to believe that back in January of 2013, I decided after my wife mentioned it, to go back to work part time. Hated being an independent contractor so joined up with Hertz a year later. And the end of 2019, Enterprise and I started our current relationship. Unfortunately, I missed the profit sharing date for 2020 by just 2 days...2 days, but am now eligible for 2021 and how ever long I continue. And at this point, will work until I decide not to. And after talking with the wife & daughter yesterday, we've set our sites on making a move sometime in 2025, which will probably mean moving up to the Orlando area of Florida to be with our daughter and son-in-law who live just outside there now. We're just not ready to pick up and move right now. But, at least we're in an agreement as to when we'd all like to.
2023 Hyundai Kona Limited AWD (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
https://www.royalmotorsnj.com/details-2006-lincoln-town_car-4dr_sedan_signature_limited-used-1lnhm82w66y642638.html
And this modern version looks pretty nice. Miles a bit steep, but price took quite a haircut.
https://www.royalmotorsnj.com/details-2017-cadillac-xts-4dr_sedan_luxury_fwd-used-2g61m5s30h9147405.html
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
Actually, now that I think about it, I did use a little throw-away phone for a few texts in 2009 when we were driving the 1998 DGC home from PA. In some ways, that was easier than the screens now because at least the button I pressed was the one registered on the device (even if I didn't get the number of pushes for the correct letter). Now, the devices are too smart for their own good and constantly try to second-guess what I'm trying to type. It's absolutely infuriating sometimes.
Not that anyone wants to.
2023 Mercedes EQE 350 4Matic / 2022 Ram 1500 Bighorn, Built to Serve
2023 Mercedes EQE 350 4Matic / 2022 Ram 1500 Bighorn, Built to Serve
2023 Mercedes EQE 350 4Matic / 2022 Ram 1500 Bighorn, Built to Serve
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
I hated it from the start and found it almost incomprehensible to use. I remember the manual that came with it was around 400 pages long and all of the functions it described seemed to require about 20 different steps. I could barely make/receive calls with it as it was. I was thankful when it began acting flaky and would not always ring on incoming calls, so I had an excuse to get rid of it. Unfortunately it got replaced with the Blackberry Storm or Torch (can't recall exactly), the all-touchscreen version, which I found equally inscrutable.
2017 Cadillac ATS Performance Premium 3.6
https://www.youtube.com/channel/UCcSeeATlWJJbXpOZRYOfaDg
My personal mobile phone, once the iOS and Android operating systems became ubiquitous, has been iPhones. I skip a couple of generations, usually. This is the longest I’ve had an iPhone...4 generations old.
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