Retirees with an inability to spend their abundant cashflow

… if I had anticipated my success in “minimizing the skim”, I would have retired 5 years earlier.

On the other hand, Warren Buffett reports that money has no utility to him, but his time is priceless.

I feel the same way. That’s why I dropped my for-profit health insurer like a steaming bag of dog poo once I turned age 65. Any time I spend on the phone with an insurance company is a complete waste.



I have never spoken to my insurance company. Nor have I ever mailed, emailed or texted them. Not for me, nor for my wife’s many bills before she passed. After I was laid off after 28 years with my employer, I was able to stay on the insurance of the paternalistic company that owned them at the time. That was 17 years ago. Today I pay something like $95 a month for the plan, and whatever co-pays that come along have all been more than manageable. I am forever grateful to how that all worked out.


Sounds like you have never been denied access to a med your physician has perscribed. (i.e. macular degeneration shots, anti-biotics for cellulitis, etc.)

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Correct. I don’t know if it is the plan, or simply luck. I haven’t had a lot of medical stuff, at least not yet, but my wife sure did.

Yea. That’s definitely “old school”. You’d have a hard time finding that today.

Exxon was like that years ago prior to my employment in the early 1980’s (or so the old-timers at time told me.) In the old days, if Exxon’s pension was “overfunded” due to unexpectedly good investment returns, retirees got a raise in benefits beyond inflation. Oddly, corporate greed actually got me an undeserved pension after I left the company shortly after the 5-yr mark. See link: