Photo by Matt Nader
"I do not have adequate retirement funds left to cover my current standard of living, which is not particularly high," said Beckner, 76, a former engineer and financial consultant.
See also: Top 25 Social Security questions.
Because Social Security benefits don't keep up with the cost of living, he's modifying his home in Dillon to rent out part of it to vacationers as an additional source of income.
Beckner, who volunteers with AARP Colorado as a legislative liaison, also is concerned that Medicare has become a political target. "It's been an extremely valuable benefit to me," he said.
While he supports rooting out any waste and fraud, Beckner worries that proposed cuts will reduce payments to doctors. "If they're not paid fairly, we might not get the health care service we need and deserve."
Many people have similar concerns, so AARP Colorado staff members and volunteers will hit the road for a four-city listening tour this month. They will also answer questions about the programs.
Social Security is fully funded through 2036, but the system's trustees have warned for years that the program's finances are under severe strain.
Social Security, Medicare and Medicaid benefits were not cut in the debt ceiling deal Congress approved in early August. But such programs could be considered by a special super-committee appointed to develop a plan to cut $1.2 trillion to $1.5 trillion in federal spending.
But if Congress rejects the committee's proposals in December, automatic spending cuts will kick in and would include payments to doctors who accept Medicare. That could "unfairly shift costs to seniors," said A. Barry Rand, AARP chief executive officer.
Rand said AARP will continue to stress the need to "protect Medicare and Social Security from harmful cuts. With the compounded effect of loss of retirement savings and home equity, high unemployment and rising health care costs, cuts to the benefits seniors have earned could undermine the standard of living of not just those with limited incomes, but middle-class seniors who have median incomes of only $18,500."
Security, said Beckner, is part of what Americans were promised. He said he's paid into Social Security and Medicare all his working years, "and now I need to collect the benefits of what I paid into it."
More than 693,000 of Colorado's 5 million residents receive Social Security benefits. Two-thirds of the recipients are retirees; others are surviving spouses or children and people with disabilities.
The listening tour also will include a state legislative roundup focusing on AARP-backed efforts, including:
- Level funding for senior services.
- Passage of legislation to authorize the Public Utilities Commission to create an exemption from tiered electricity rates based on a customer's medical condition.
- Passage of legislation to create a health insurance marketplace in 2014, allowing consumers to purchase insurance regardless of preexisting conditions.
- Defeat of an attempt to deregulate phone service, which would have led to rate increases; and rejection of changes to the payday lending law that restricts the fees that can be charged.
The listening tour schedule is:
Fort Collins: Sept. 19, 1 to 3 p.m. Fort Collins Senior Center, 1200 Raintree Dr.
Pueblo: Sept. 20, 3 to 5 p.m. AARP Information Center, 1117 South Prairie Ave.
Denver: Sept. 21, 1 to 3 p.m. Potenza Lodge Hall, 1900 W. 38th Ave.
Grand Junction: Sept. 23, 9 to 11 a.m. Mesa County Community Services Building, 510 29 1/2 Rd.
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Cynthia Pasquale is a writer living in Denver.