Financially Selfish

 My wife and I live in East Tennessee; we own our home (no mortgage) and have no outstanding debt except for monthly expenses.  The data shows that the average monthly cost to live in East TN without a mortgage is $4,000/month.  This expense covers utilities, home maintenance, taxes, cell phones, health and car insurance, other medical expenses, dental, food, and wifi a couple of entertainment channels.

Right now, our combined monthly income which is basically Social Security is right around $3,000 leaving us about $1,000 that we have to take out of our savings each month or about $12,000 a year.  If we add in vacations and other purchases, then we are up to $18,000 or another $1500/month from savings or whatever investments we might have.

Currently, we are getting about $3,000/month from investments, so our income is $6,000 and our expenses are $5,500, leaving us with a positive amount of $500 which we put right back into savings.

Our investments are locked in for twenty-four months, so we are basically experiencing no financial issues perhaps until 2027/2028.  By then, I will be 80 years of age, and my wife will be 75.   Our life expectancies are not over 95 and quite possibly less, leaving us another 15-20 years to worry, if necessary, about our finances.

Our situation is better than most our age but not as good many our age.  The reason for this discrepancy is that we did not fully prepare ourselves for retirement and what we were able to save was just pure luck.  However, very few financial experts believe in luck.

Neither my wife nor I trust the STOCK MARKET nor do we trust investment brokers who claim they only have your best interests in mind.  That is BOLOX as the British say...  America is all about GREED and MAKING MONEY...  companies will say anything to get you to invest with them.

We have our money in Credit Union CDs and while the interest rate is below the Stock Market, our money is relatively safe...

Plus, as long as the CD rate is above the annual inflation rate, we are keeping our heads above water.

When the economy is BAD, like under Biden, the Credit Union CD rates were higher than when the economy was good under Trump.

Therefore, we are hoping that another Democrat wins the Presidency in 2028 and ruins the economy again.

GUESS THAT MEANS WE ARE SELFISH...