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<blockquote data-quote="Allen" data-source="post: 374713" data-attributes="member: 389"><p>I agree, there are sad stories like this every year. Back in the early 90s I answered an ad for a desk/table that was for sale by an elderly gent in Grand Forks. He was a retired utilities company employee living on a fixed pension that had no cost of living allowance built into it. 20-some years after retiring, he could no longer afford his home in a relatively nice neighborhood in GF. I didn't want/like the desk but ended up buying it from him anyway. It was that day where I learned a life lesson. We all know inflation is a very real thing in life. It is incumbent on us to prepare for it in retirement just as much as we have to deal with it in our working years.</p><p></p><p>Nonetheless, the State has property tax breaks for seniors on fixed incomes. I don't know the particulars on it as I'm really hoping to never qualify for it.</p></blockquote><p></p>
[QUOTE="Allen, post: 374713, member: 389"] I agree, there are sad stories like this every year. Back in the early 90s I answered an ad for a desk/table that was for sale by an elderly gent in Grand Forks. He was a retired utilities company employee living on a fixed pension that had no cost of living allowance built into it. 20-some years after retiring, he could no longer afford his home in a relatively nice neighborhood in GF. I didn't want/like the desk but ended up buying it from him anyway. It was that day where I learned a life lesson. We all know inflation is a very real thing in life. It is incumbent on us to prepare for it in retirement just as much as we have to deal with it in our working years. Nonetheless, the State has property tax breaks for seniors on fixed incomes. I don't know the particulars on it as I'm really hoping to never qualify for it. [/QUOTE]
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