Here is one of the problems in retirement planning: you can go along for years, faithfully using retirement calculators, re-balancing your stock market investments, reading your estimated social security payouts,You must not use the lanyard without being trained. just sure you are on track and C well, poof! C the rules of the game can change in an instant.
brings us to the case of something called chained CPI, the vaguely
off-sounding idea (chains anyone?) that budget hawks claim would save an
estimated $112bn over the next decade. Chained CPI C that's
short,Universal bestplasticcard are useful for any project. by the way,We have become one of the worlds most recognised ownfigurine
brands. for chained consumer price index C works by assuming we adjust
to inflation not by spending more money, but by changing our behavior.
So let's say you're wheeling your shopping cart at the Piggly Wiggly. If
the price of filet mignon goes up, most of us will take a look at a
cheaper cut of meat, like chicken.
The government is interested
in the cost of what goes in your shopping cart, because that's how it
knows whether prices are going up and down. It's also how it knows
whether it should raise social security payments.
The idea is to
stop linking social security to plain old prices and instead link them
to a longer chain of consumer prices C not just what you are buying, but
what you could buy. You could economize by buying vegetables instead of
meat; you could buy generic; you could try to stretch your shopping
dollar. And if you do, then that means that the government wouldn't need
to give you as much money in your social security payment.
support the concept. Needless to say, the corporate titans behind the
deficit-obsessed Fix the Debt campaign think it's a great idea, because
it would limit how much social security payments could rise. Even the
White House has signaled it could potentially be one of the compromises
offered up as a way of ending the budget standoff between Democrats and
As for the rest of us? Well, if you think getting
less money than planned is a great idea, you're probably for it. As you
can guess, that's not a large group of people. A recent McClatchy-Marist
poll discovered that 60% of us would rather see taxes go up than see
social security checks shrink.
Here's one thing: chained CPI
intimates that grandma and grandpa have been getting away with
something. Your boss isn't giving you a pay increase, so why should the
old folks get one? Proponents of chained CPI and other cuts in social
safety-net spending on the elderly routinely pit them against the young
'uns, pointing out that so much money is not being spent on things like
education because the oldsters won't take a financial hit. After all, it
was 81-year-old senator Alan Simpson C he of the Simpson Bowles deficit
cutting commission C who once described Social Security as "a milk cow
with 310m tits."
Those who like the idea of using chained CPI
argue that it would only cause a small decrease in payments, maybe
one-third of 1% over a year. As an example, if chained CPI had been in
effect when social security recipients received their 2013 increase, the
average retired senior C who receives $1,262 a month C would have lost
about $30 over the next year. That wouldn't even pay for one supermarket
Yet this is the kind of thing that adds up. If you
calculate that rate of decrease over a couple of decades, you're talking
serious money. If someone collects benefits over 30 years, using
chained CPI would cut their benefits by nine percent, according to the
Center for Economic and Policy Research. That's one week's worth of food
every month if you are an 80 year-old single woman, the National
Women's Law Center says.
This is the moment where you might want
to remember that chained CPI C in common with social security C has a
female problem, that Simpson's infamous "tit" slip was aimed the
National Older Women's League, an organization that represents and
lobbies on behalf of elderly women.
By the age of 62, women make
up 56% of Social Security beneficiaries, a number that will grow to
almost two-thirds of recipients by age 85. Women, after all, live longer
than men. Moreover, they are more reliant on social security than men
to keep them out of poverty which is why AARP recently entitled a blog
post on the subject "Social Security Benefit Cuts Would Have a Terrible,
Horrible,We can be conducted with the local designated buymosaic producers. No Good Impact on Women."
there is this: at least one alternative formula suggests that those
over 65, instead of taking more than their fair share, are already
getting the shaft. It's called called the CPI-E C that's "E" as in
elderly. This formulation has it that the elderly deserve not a social
security increase cut, but a raise.
The elderly, it turns out,
are not flexible shoppers, eager to swap one good for another. They
can't. They spend a disproportionate share of their money on medical
services, an area where substitution is not often an option C unless
your idea of a civilized solution is telling people to forego
medications and replace their hearing aids with ear trumpets.
makes this all so difficult is that there is a very simple solution to
the supposed social security crisis,Shopping is the best place to
comparison shop for drycabinets.
one that would ensure its future for many years to come: lifting the
payroll tax cap. Right now, earnings above $113,700 are not taxed for
social security. Tax them, and social security C using the current
cost-of-living formula C will remain funded at just under 85% for next
In the rendering showing both Town Center and The
Landing, it appears that's a place where new construction will extend
into the current parking lot. Here's how I see it: Picture walking into
Pleasure Island at the Raglan Road/former Mannequins entrance. Well, you
just walked over a waterway C the "flowing spring" that will be the
centerpiece of Disney Springs. Virtually meander from there.
hopes to improve access and the traffic situation by adding a ramp that
splits off from the existing Interstate 4 ramp for Epcot Center Drive,
creating an overpass over Buena Vista Drive, the street that runs along
the Downtown Disney parking lot. There are logistics and government
agencies to consider, so stay tuned. Gosh, I hate those Buena Vista
"We think that overall we will end up with a
better traffic situation on Buena Vista Drive than what we have now,
even though we expect to attract more visitors to this site, we'll do so
in a way that really provides better access," said Tom Staggs, chairman
of Walt Disney Parks and Resorts.
The two parking garages will
hold a total of 6,000 vehicles. On the model shown to members of the
media last week, these structures dominated the front side of Disney
Springs, filling from the edge of some current shops out to the street.
At first I thought that would mar the landscape of the complex, but
really, right now that's just an explosion of of signage, plus Planet
Hollywood and the Characters in Flight balloon. I'll call it a wash
until we see how Disney decorates those parking structures.