Sometimes you can do all the retirement planning you want, and it turns out to be slightly on the short side. So what can you do? You do the best to adapt by doing things like changing how you spend your money, and hoping prices might go down to help you with your budget.<\/p>\n
This past year, there has been a lot of talk about changes that might help some retired people, if any of it comes true. Some of the carrots being dangled in front of us are rebates sent to us by our government. There\u2019s been talk of a \u201cDOGE\u201d (Department of Government Efficiency) rebate that\u2019s been going on for several months now. Then there\u2019s the talk about the \u201ctariff\u201d rebate check. Neither of the amounts I\u2019ve heard is going to make a big difference in anyone\u2019s lives \u2013 the numbers I\u2019ve been hearing are less than $1,000 for each. Helpful, but only for a short period. Since nobody is giving any time frame to either of those payments, I\u2019m not holding out a lot of hope that I\u2019ll see either check showing up in my bank account, and since nothing has arrived, I can\u2019t do any planning for where the money might go.<\/p>\n
The only confirmed tax help for senior citizens is the new standard deduction increase of $6,000. From what I understand, the new deduction will help me keep about $1,200 of the money I earn at my part-time job. That\u2019s nice, but it isn\u2019t life-changing, and it won\u2019t cover the increased cost of living. If I chose to, it could mean I can afford to buy steak for the grill, maybe once a month.<\/p>\n
One topic of discussion here in Florida is a change to property taxes. Our governor is saying he wants to eliminate the property tax we all pay on our homes. His thinking is that we shouldn\u2019t have to pay the government to live in our homes. He also claims there are other ways the state can make up for the money it would lose by eliminating property taxes on homes. Now, this could be a significant change for me. The tax collected on my home is just south of $6,000; that\u2019s nearly $500 per month. If you put that money back in my bank account every year, it becomes a significant change to my lifestyle. But then it\u2019s only been talk, and as we all know, \u201ctalk is cheap,\u201d so I\u2019ll keep plugging along and hope against all hope that something is going to change for the better.<\/p>\n
Have A Good Week!<\/p>\n","protected":false},"excerpt":{"rendered":"
Sometimes you can do all the retirement planning you want, and it turns out to be slightly on the short side. So what can you do? You do the best to adapt by doing things like changing how you spend your money, and hoping prices might go down to help you with your budget. This […]<\/p>\n","protected":false},"author":2,"featured_media":257,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corner-copy"],"jetpack_featured_media_url":"https:\/\/csrecord.net\/wp-content\/uploads\/2024\/04\/571x371_CornerCopy.jpg","_links":{"self":[{"href":"https:\/\/csrecord.net\/index.php\/wp-json\/wp\/v2\/posts\/2608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/csrecord.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/csrecord.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/csrecord.net\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/csrecord.net\/index.php\/wp-json\/wp\/v2\/comments?post=2608"}],"version-history":[{"count":1,"href":"https:\/\/csrecord.net\/index.php\/wp-json\/wp\/v2\/posts\/2608\/revisions"}],"predecessor-version":[{"id":2609,"href":"https:\/\/csrecord.net\/index.php\/wp-json\/wp\/v2\/posts\/2608\/revisions\/2609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/csrecord.net\/index.php\/wp-json\/wp\/v2\/media\/257"}],"wp:attachment":[{"href":"https:\/\/csrecord.net\/index.php\/wp-json\/wp\/v2\/media?parent=2608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/csrecord.net\/index.php\/wp-json\/wp\/v2\/categories?post=2608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/csrecord.net\/index.php\/wp-json\/wp\/v2\/tags?post=2608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}