Meet the rich retired boomers who are now ultra-frugal because they are scared of going broke—even after saving for decades

Title: Meet the rich retired boomers who are now ultra-frugal because they are scared of going broke—even after saving for decades

Article Snip: "...wealthy boomers who have retired with at least six figures in savings are feeling the pinch. ...study from Prudential Financial. The Fortune 500 investment, money management, and retirement planning firm surveyed around 20,000 people over the age of 50 and found retirees are living well below their means.

Married 65-year-olds with at least $100,000 in financial assets withdrew an average of 2.1% of their savings annually—that is, nearly half the usual spending rate of retirees"

Reference: fortune.com
Destruction of Retirees,Baby Boomers Struggling in Retirement,Conservative Boomers Continue to Make the Sacrifices That Have Permitted a Survivable Retirement, Work Ethic - Sacrifice - Economic Commonsense of Baby Boomers, How do you survive retirement?,

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Social Security's Latest 2026 COLA Estimate Is 2.7%, but That Don't Worry, the Government Will Get Most of It Before You See it

Title: Social Security's Latest 2026 COLA Estimate Is 2.7%, but That Doesn't Tell the Whole Story

Article Snip: "...Social Security COLAs are based on changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) during the months of July, August, and September specifically. This year, September's CPI-W is expected to get announced on Oct. 15, after which the SSA can share an official 2026 COLA. ...But for those who are on Medicare and Social Security at the same time, Part B premiums"

Reference: www.fool.com
Will Medicare Steal Your 2026 COLA,The Plight of the Silent Majority (Retirees on Social Security),

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Destruction of Retirees | Your Medicare Costs Are Set to Soar: What to Expect Over the Next Decade

Title: Your Medicare Costs Are Set to Soar: What to Expect Over the Next Decade

Article Snip: "Medicare beneficiaries will face higher premiums, deductibles and surcharges starting in 2026...The 2025 Medicare Trustees Report projects a steady increase in Medicare Part B premiums and IRMAA surcharges over the next nine years. The projections are based on expected rises in healthcare costs, particularly for outpatient hospital services and physician-administered drugs. It's crucial for retirees and those approaching retirement to understand these projections for proper financial planning. ..."

Reference: www.kiplinger.com
Medicare Costs Soar,Destruction of Retirees,Destruction of Seniors,2026 Medicare,

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A shocking 19% of retirees say they’re living a ‘nightmare’ — how to save yourself from the same terrible fate

Title: A shocking 19% of retirees say they’re living a ‘nightmare’ — how to save yourself from the same terrible fate

Article Snip: "...This gap highlights a harsh truth: many Americans are falling short of the savings needed to support a comfortable retirement. While Northwestern Mutual research suggests the average person believes they'll need around $1.26 million to retire comfortably, Fidelity reports the average 401(k) balance among those 70 and up is just $250,000. And according to Federal Reserve data, only 3.2% of all retirees have $1 million or more saved.

This is simply not enough for many seniors..."

Reference: finance.yahoo.com
Destruction of Retirees,

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Retirees Being Destroyed | Social Security's 2026 Cost-of-Living Adjustment (COLA) Is Shaping Up to Be a Lose-Lose Scenario for Retirees

Title: Social Security's 2026 Cost-of-Living Adjustment (COLA) Is Shaping Up to Be a Lose-Lose Scenario for Retirees

Article Snip: "For most retired Americans, Social Security is more than just a monthly check. It represents a financial foundation that helps them make ends meet. ...CPI-W, shelter and medical care services inflation respectively hit 3.8% and 3.4% on a trailing-12-month basis, ended June 2025. As long as the prevailing rate of inflation for these two critical spending categories remains higher than the COLA beneficiaries receive, the purchasing power of a Social Security dollar seems destined to decline.

But this is just one of two ways retirees appear set to lose in 2026.

In addition to key expense categories rising at a brisk pace, the Medicare Part B premium is projected to soar ...

"

Reference: www.fool.com

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Social Security 2026 COLA estimated at 2.7%, but much of it will go to Medicare Part B

Title: Social Security 2026 COLA estimated at 2.7%, but much of it will go to Medicare Part B

Article Snip: "...A cost-of-living adjustment, or COLA, is meant to help Americans keep up with inflation so they can maintain their standard of living year to year. But the hikes are falling short, especially when Medicare premiums, alone, are rising at a faster clip, seniors say. That happened in 2025 and is set to do so again next year. ...Medicare Part B costs are rising several times faster than its average rate of increase in recent years. ..."

Reference: www.usatoday.com
Uncle Sam Will Get His COLA Increase at the Expense of Your COLA (2026), Destruction of Retirees,Projections for 2026 COLA,Medicare Part B premiums,2026,

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Nationwide finds Medicare myth on long-term care could cost Americans dearly

Title: Nationwide finds Medicare myth on long-term care could cost Americans dearly

Article Snip: "...Based on its 2025 Nationwide Retirement Institute Long-Term Care survey, the insurance giant found 58% of adults believe Medicare will cover long-term care costs, despite the program offering only limited, short-term assistance. ...At-home care is a preferred option for many: 77% of respondents said they would rather age in place. But that may be easier said than done. More than four in 10 believe their current home is unsafe or inaccessible for older age, and nearly half say making the necessary retrofits to their residence would be unaffordable."

Reference: www.investmentnews.com

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Trump’s New Tax Plan Could Cut Key Deductions for Seniors on Social Security

Title: Trump’s New Tax Plan Could Cut Key Deductions for Seniors on Social Security

Article Snip: "...For seniors who depend primarily on Social Security and limited retirement savings, this change could result in a higher effective tax burden, despite broader cuts elsewhere in the bill.

Key points include:

Low-income seniors could lose tax relief if the elimination of the extra deduction isn’t offset elsewhere.
Social Security benefits are taxable above certain income thresholds, meaning more income may now be exposed to taxation.
Seniors with modest part-time work, annuities, or pensions may see a noticeable increase in tax liability.

..."

Reference: www.fingerlakes1.com
Attacks on Retirees, Deduction Cuts on Social Security,Destruction of Retirees,

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Trump Screws Americans, Deciding to Protect Corporations and Illegals | Car Salesman Bait and Switch

Trump Screws Americans, Deciding to Protect Corporations and Illegals | Car Salesman Bait and Switch

Title: Trump's Biat and Switch

So Trump campaigned on two big promises. One was illegal immigration and the other was exempting seniors from paying taxes on Social Security pensions. He already broke his promise to seniors who voted for the greatly needed 'no taxes on Social Security' with lame excuses. Now, he is renegeing on his number one promise to deport illegals that entered the country illegally, originally calling them criminals. Now he is going to reward corporates farms, the hospitality industry, chicken processors, construction companies and more. He is rewarding these corporations, companies, and businesses who illegally hired these illegals by allowing them to retain the illegal criminals who stole jobs from American citizens, and promising to make the illegal criminals citizens. He is proving to be nothing but exactly what the Democrats are. He is proving to be nothing but a shyster car salesman pulling a bait and switch on those that voted for him. Our guess is that his businesses have also employed illegals and is helping himslf as well. He is also insulting all of law enforcement, the National guard and military that have supported him through the violent riots, as well as being doxed by simply supporting the eradication of these illegals. This is just disgusting to be duped by Trump and the Republicans that permit this. At least he has convinced citizens that have worked hard and followed the law, that crime does pay. Thanks for embarrassing and making fools of us all that are trying to raise our children to be good people and follow the law you sorry POS!. It's a whole lot more difficult to follow the law than to be a criminal. Thanks for setting the example for a changed America. Thanks for bankrupting senors in retirement and abandoning veterans and all America loving citizens. NOTE: If the media reporting of Trump's change is false, we retract our comments. However, due to the fact he lied on his Social Security Tax promise, we feel the turn-around is probably true.

Reference: The Federal Retirement News
Trump Lies, Broken Promises,Destruction of Retirees, Trump's Bait and Switch, Crime Does Pay, Trump is an enemy of the citizen and a corporate butt-kisser,

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Disgusting! | Have Social Security Pensioners and Disabled Vets Been Shammed Out of the DOGE Dividend $5,000?

Title: Low-income Americans might not get DOGE benefits

Article Snip: "...to receive $5,000 each. Importantly, the rebate would be sent only to households that are net-income taxpayers — people who pay more in taxes than they get back — with lower-income Americans not qualifying for the return. According to the Pew Research Center, most Americans who have an adjusted gross income of under $40,000 pay effectively no federal income tax. ..."

Reference: www.nbcnews.com
Shammed Again, DOGE Dividend Checks Will Only Be For Those With an AGI Over $40,000 (www.nbcnews.com), Screwing Social Security Pensioners, Attacks on Disabled Veterans, Ripping Off Low Income Retirees and Workers,

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President Trump's Potential Changes for Social Security So Far: 3 Things You Should Know

Title: President Trump's Potential Changes for Social Security So Far: 3 Things You Should Know

Article Snip: "As recently as Feb. 18, Trump promised not to cut benefits. ...subject to income taxes on Social Security. The rule is based on combined income, which the Internal Revenue Service defines as half of a retiree's Social Security benefits plus other income from sources such as pensions, wages, dividends, and capital gains.

Single filers can see as much as half of their Social Security benefits taxed if they make between $25,000 and..."

Reference: finance.yahoo.com

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Destruction of Retirees | Housing,Taxes, Insurance, Medical Care and Supplementing Expenses of 'Adult' Children

Title: Have Your Property Taxes and Insurance Ballooned? You’re Not Alone. Here’s Why These Costs Can Exceed Mortgage Payments For Many

Article Snip: "...Variable costs like property taxes and homeowner’s insurance premiums comprise 35% of the average monthly mortgage payment. ...Property taxes and homeowner’s insurance premiums continue to take a big chunk out of homeowners’ monthly mortgage payments. To offset these costs, homeowners are implementing various solutions, including downsizing, relocating, cutting back on expenses, and deferring large purchases. These efforts could help make homeownership more affordable for many homeowners."

Reference: www.investopedia.com
Destruction of Baby Boomers,Destruction of Retirees,

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Baby boomer homeowners fear losing their properties as they spend down their savings

Title: Baby boomer homeowners fear losing their properties as they spend down their savings

Article Snip: "...Many baby boomers are struggling with rising home repair costs, insurance premiums, and property taxes while also facing a scarcity of affordable retirement housing options. And working all their lives isn't enough to prevent a growing number of older people from experiencing homelessness.

Rising rents and home prices, largely caused by a housing shortage and other cost-of-living spikes, are hitting older adults especially hard. Overall homelessness surged to its highest level on record..."

Reference: www.businessinsider.com
Destruction of Retirees,Baby Boomers Struggling in Retirement,cost-of-living,Biden/Democrat Inflation Silent Tax on Retirees,

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Here’s How Much Grocery Prices Have Increased for Retirees in Every State

Title: Here’s How Much Grocery Prices Have Increased for Retirees in Every State

Article Snip: "...GOBankingRates reviewed the 2013 and 2023 cost-of-living index for groceries to find the average national grocery expenditure cost for retired individuals. The Bureau of Labor Statistics CPI Inflation Calculator was then used...Alabama Grocery cost for 65+ in 2023 (using 2023 $): $7,830.20"

Reference: yahoo.com

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Social Security COLA 2025: Retirees Should Be Prepared for Bad News and More Bad News

Title: Social Security COLA 2025: Retirees Should Be Prepared for Bad News and More Bad News

Article Snip: "...The Bureau of Labor Statistics will release September's CPI-W information in early October, and the SSA is expected to announce the COLA based on that data later in the month. Until then, we won't know exactly what the adjustment will look like. However, some experts are already making predictions, based on inflation data so far this year. Analysts at advocacy group The Senior Citizens League, for example, estimated in mid-September that the 2025 COLA will be 2.5%...."

Reference: www.fool.com
Destruction of Retirees,

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The Democrat Years | Retirees' Social Security checks have lost significant buying power

Title: Retirees' Social Security checks have lost significant buying power since 2010, a new report says

Article Snip: "...Retirees would need, on average, a $370 monthly boost in their Social Security checks to make up for a 20% loss of buying power since 2010.

That means today’s average monthly benefit of $1,860 for retired workers would need to rise to about $2,230, according to a new report from the Senior Citizens League, a nonpartisan group.

The spoiler: inflation.

...common senior household expenses such as car insurance, food, out-patient hospital care, and housing rose much more than that. “The reality is that COLAs have become less and less likely to match inflation over time,” Benton said. “In the 1990s and 2000s, 60% of COLAs beat inflation. In the 2010s, only 40% did. Through the 2020s so far, only one COLA out of five—the 8.7% increase in 2023— has done so.”"

Reference: yahoo.com
Biden/Democrat Inflation Silent Tax on Retirees, Inflation,

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Balancing a fixed income with inflation, a Georgia retiree feels stuck

Title: Balancing a fixed income with inflation, a Georgia retiree feels stuck

Article Snip: "... Retired and taking care of her husband, Breland has seen rising prices for everything from groceries and utilities to insurance and home maintenance eat into her fixed income. She has also seen her friends struggle with inflation, as well, through the church she volunteers at. ... increasing financial pressure and has been looking to cut her monthly expenses in the face of rising prices for groceries, utilities, insurance and home maintenance. “All the money I will ever have come in is what I have now,” she said."

Reference: www.nbcnews.com
Inflation

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Bankrupting Social Security Retirees | This Is the Average Social Security Benefit for Age 62

Title: This Is the Average Social Security Benefit for Age 62

Article Snip: "...The average retired worker who collects Social Security receives a monthly benefit of $..."

Reference: www.fool.com
Average Social Security Benefit for Age 62

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I Used to Think It Was Possible to Retire on Social Security Alone. Here's Why That's Definitely No Longer My Plan.

Title: I Used to Think It Was Possible to Retire on Social Security Alone. Here's Why That's Definitely No Longer My Plan.

Article Snip: "I can admit that there was a time when I thought it was possible for a person to retire comfortably on Social Security without any other source of funds. ...But relying on Social Security alone to cover your budget in retirement is a horribly bad mistake. And I'm grateful that I learned that years ago so I could switch gears on my long-term financial planning. My new game plan Even though I've only been writing about Social Security for about 10 years now..."

Reference: www.aol.com
Retire on Social Security, Destruction of Retirees,

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Biden’s Medicare Advantage Cuts May Come Back To Haunt Him

Title: Biden’s Medicare Advantage Cuts May Come Back To Haunt Him

Article Snip: "President Joe Biden’s move in April to cut Medicare Advantage benefits for seniors may come back to haunt him. ...The Biden administration in April finalized plans to cut MA benefits, which experts said could lead to an additional $33 a month for out-of-pocket costs, or $396 a year, for enrollees. Critics of the cuts said they would be especially devastating to seniors living on fixed incomes who are already coping with ongoing inflation issues. ..."

Reference: dallasexpress.com
Biden Destroys Retirees, Medicare,

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