Frustrated on a fixed income

  • Article by: GAIL ROSENBLUM , Star Tribune
  • Updated: September 27, 2008 - 8:59 PM

Despite simple living, this retired couple still worry their money won't go far enough.

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mahoneytSep. 27, 08 4:39 PM

with retirees trying to make ends meet. Personally, I don't think seniors should have to pay property taxes if they have been paying for most of their life already. Geez, give the old folks a break!

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nissan2Sep. 28, 08 9:34 AM

I'm missing something. I understand the dream to continue living in a home, but with almost no retirement savings to supplement Social Security?

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rayk1800Sep. 28, 0810:55 AM

They should contain basic budget with income. What's coming in and what's going out. Didn't help he retired early. 32k isn't a lot, but what's the breakdown of expenses? A part-time job would make up for the property taxes. This is the second story in this series that leaves more questions at the end, then at the beginning. Maybe go to Money Magazine and see how to write one of these stories.

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rayk1800Sep. 28, 0811:01 AM

are a fact of life. Retirement planning should include paying them. Me, a trailer in Florida sounds good when I retire.

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nissan2Sep. 28, 08 3:44 PM

Retired people who don't plan for such things as property taxes to support the community that supported them and to help build the future of our community, only hurts our kids when they vote against school funding that would raise their taxes by (a whopping?) $250/year. Even worse, these people don't realize that when they vote down school funding referendums they significantly reduce the resale value of their home. If you doubt this, take a gander at the much higher home appreciation values in such cities as Minnetonka, Hopkins, Edina, and Wayzata compared to New Hope and Robbinsdale.

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eaganguySep. 29, 0810:37 AM

Seriously ... did they not plan for their own retirement? And he retired early? I am as liberal as they come. I believe Social Security of one of the greatest programs developed. However, it was never meant to be sole support in retirement, only to supplement one's own retirement savings to keep out of poverty (as well as assist those in other dire straits as a society should). I applaud that they paid off the house and cars, try to live within their means and it's fantastic that they can get such cheap health insurance ... but aside from her annuity mentioned in the article, did they plan for retirement? What about pensions, 401ks, 403bs (he worked in non-profit), IRAs, other retirement vehicles as well as non-retirement savings? Are we missing some information in this article?

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TJFHRBNov. 8, 10 4:32 PM

Not mentioned in the story, yet they are probably eligible. People with hundreds of thousands of dollars in the bank worry about not having enough money too, so the story really doesn't make any sense.

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