If you have been reading here for a while, you know that I am constantly looking for ways to cut recurring expenses. This particularly includes phone expenses. Wireless data charges and contracts are pet peeves of mine.
Archives for December 2012
The Federal Reserve announced a policy change this week that baby boomers should pay close attention to. For the past few years, the Fed has told the public that the interest rates it controls would be maintained at or near 0% until at least 2015. That has now changed because the Fed has instead tied its interest rate policy to the unemployment rate. On Wednesday, the Fed said it would maintain interest rates near zero if the unemployment rate remained above 6.5 percent, further provided that inflation does not rise above 2.5 percent.
I ask the question about movies because I have seen a fabulous movie about retirement – twice. The movie is The Best Exotic Marigold Hotel. The title of the movie is somewhat deceiving. You wouldn’t know from the title that this movie is perfect entertainment (with a message to boot) for boomers who are concerned that they will not be happy or content when they retire.
Social Security retirement benefits are a target of fiscal cliff spending cut advocates. One specific proposal is to modify how cost of living adjustments are made to annual Social Security retirement benefits. I don’t get it.