Forum Discussion
monkey44
Mar 09, 2022Nomad II
We're with you Matt ... comfortable retirement keeps getting bigger nibbles at it every year, slightly bigger nibble than the COLA is supposed to compensate for but never quite gets there.
When inflation - a word with an extremely variable definition - says its two or three percent this year. My truck insurance goes up twenty percent, I find it impossible to believe her response, "It's inflation, everything is going up.' When does a two percent COLA equal a twenty percent increase in premium? Beats me, but then again we retired folks use the original old style math - simple add and subtract, multiply and divide. :(
When inflation - a word with an extremely variable definition - says its two or three percent this year. My truck insurance goes up twenty percent, I find it impossible to believe her response, "It's inflation, everything is going up.' When does a two percent COLA equal a twenty percent increase in premium? Beats me, but then again we retired folks use the original old style math - simple add and subtract, multiply and divide. :(
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