I made the mistake of nevertheless devoting a Retirement Weekly column to this subject, and received perhaps more vitriolic email than I have for any other single column since I began writing for MarketWatch in 2002. At the nicer end of the spectrum were those telling me that I simply didn’t know what I was talking about. At the other end were those predicting I would be reincarnated as a gross insect inside an inaccessible body part. And it went downhill from there.
So, please, don’t send me any more of your monthly budgets asking me how you are supposed to live on what you get from Social Security. Consider a hypothetical 65-year old single male investing $100,000 in an immediate annuity. The best deal available at ImmediateAnnuities for one that is not indexed to inflation pays $525 a month for the rest of his life. To get an annuity indexed to the consumer-price index, the best you can get is one that pays just $323 a month—only 62% as much.
Though there is much support for legislation that would direct the Social Security Administration to start using the CPI-E as the benchmark for determining its COLAs, you should not exaggerate the impact of such a change. Over the last several decades, for example, the CPI-E has risen by 0.2 annualized percentage points faster than the CPI-U.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
We Need to Talk About the College Admissions Situation on 'Riverdale'On tonight's 'Riverdale,' the core four started to get their college acceptance letters, and it was absolutely ridiculous.
Source: Cosmopolitan - 🏆 725. / 51 Read more »
World's Leading Men Talk Shit Like a Middle School CliqueIn junior high, I was all set to compete in a talent show with my three best friends. We were to do a dance routine to a song called 123456 Bass. Yet just before the show, the group asked me to design the costumes instead, and I learned that for weeks, they had been meeting secretly to practice and gossip about how bad I was at dancing. All this is to say, for once, I understand exactly what President Donald Trump is going through. But unlike a true school clique, they weren't clever enough to chat shit and not get caught red-handed. Schoolboy error, if I do say so myself 😏 And it's delicious 😋 I am so shocked. Privileged white men acting like boys? Whaat?
Source: Jezebel - 🏆 153. / 63 Read more »
Listen: Let’s Talk About Sex OnstageThe craft of intimacy direction is taking Broadway by storm — and on the latest episode of Variety’s Stagecraft, Broadway’s first intimacy director explains why, and breaks down t…
Source: Variety - 🏆 108. / 63 Read more »
Elizabeth Perkins and Kelly Dodd Make Andy Cohen Squirm with Talk of Weed, Cocaine and MasturbationTuesday's WWHL was both wild and unexpected -- and Andy was both disappointed and thoroughly amused (viatoofab)
Source: TMZ - 🏆 379. / 59 Read more »
Stocks rally on renewed trade talk optimism, yields riseGovernment debt yields and a gauge of global equity markets rose on Wednesday as... MAGA! 2020 will be a landslide. They actually petered out at the end of the day. 4pm couldn't come fast enough. Glad she was called out on it.
Source: Reuters - 🏆 2. / 97 Read more »
Bloomberg moves to shut down talk he's trying to buy the election'I'm doing exactly the same thing they're doing, except that I am using my own money,” Bloomberg says of his 2020 rivals. “They're using somebody else’s money, and those other people expect something from them' We already have an independent president Sooooo you only expect to do something for yourself? Not the American people? How completely plutocratic of you. We don't need a billionaire.
Source: politico - 🏆 381. / 59 Read more »