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09-19-2012, 04:47 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,674
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COLA Watch
Looks like it's gonna be a tiny bump for next FY.
 Quote:
August COLA Announced
For the month of August, the CPI is 227.056 – up 0.7 percent from July, and 1.7 percent above the COLA baseline figure of 223.233.
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__________________
Part-Owner of Texas
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In dire need of: faster horses, younger woman, older whiskey, more money.
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09-19-2012, 04:59 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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Food and energy prices can really whipsaw the CPI index. So along those lines, I noticed that crude oil prices and futures have gone down dramatically this week.
If energy prices keep dropping then I would expect an even smaller CPI change for next year.
But who knows how it all ends up.
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09-19-2012, 06:41 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Posts: 1,085
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Diet COLA.
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09-19-2012, 10:42 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2003
Posts: 2,395
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Which CPI are we talking about? CPI-?
__________________
-- Telly, the D-I-Y guy --
Two fools dancing on the hands of time
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09-20-2012, 12:17 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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Quote:
Originally Posted by Telly
Which CPI are we talking about? CPI-?
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As you may know, Social Security is tied to the CPI-W index. But all most of the CPI-? variations suffer from the same issues mentioned.
In any case, I would expect a low-COLA (perhaps even the UN-COLA) this year.
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09-20-2012, 02:47 PM
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#6
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Recycles dryer sheets
Join Date: Mar 2012
Posts: 388
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Pepsi vs. Coke COLA wars?
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09-20-2012, 06:25 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Location: northern Michigan
Posts: 2,215
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Yeah, I don't expect a COLA of more than about 1.5% this year. Not much, but better than nothing.
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09-21-2012, 01:05 AM
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#8
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Full time employment: Posting here.
Join Date: Apr 2010
Posts: 853
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the good news for those of us who have the opportunity to continue their investment into the SS system, is no COLA = no change in the max contribution limit. Guess what I am hoping for.
I haven't looked at CPI-U numbers, but depending on how sept plays out, I-bonds will be less exciting.
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09-21-2012, 06:11 AM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by RAE
Yeah, I don't expect a COLA of more than about 1.5% this year. Not much, but better than nothing.
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Better than anything most of us with j*bs have received in the last five years. 
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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09-21-2012, 09:45 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,259
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+1
My last COLA before retiring was a -2% (negative 2%, a pay cut.)
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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09-22-2012, 02:46 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 1,901
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Yeah, I always have to laugh at the retired people who receive SS for most of their income complaining that they are on a "fixed income". 
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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09-22-2012, 07:39 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,888
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+1 - a huge pet peeve of mine. Esp when they get 'senior discounts', sometimes a reduction on property tax, or options to defer property tax (taxing body takes it from home value when sold).
A politician around here tried to offer a program where seniors had the option to offset some of their property taxes with 'work', doing things like acting as museum guides, helping with children programs, etc. From the responses, you'd think he'd tried to put them in chains and submit them to forced labor in the hot sun.
-ERD50
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10-16-2012, 12:24 PM
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#13
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by mickeyd
Looks like it's gonna be a tiny bump for next FY.
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The results are out! COLA increase for SS is 1.7% beginning with January payments.
Your 2013 COLA: 1.7% - FedSmith.com
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Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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10-16-2012, 01:25 PM
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#14
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,349
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Which definitely beats a sharp stick in the ear.
I'll take it, and thank you very much!
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I thought growing old would take longer.
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10-16-2012, 02:08 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,298
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Quote:
Originally Posted by RAE
Yeah, I don't expect a COLA of more than about 1.5% this year. Not much, but better than nothing. |
When I started reading this thread I was thinking maybe Soc Sec COL adjustments should be based on an objective metric of median income for all workers. And then I stumbled on a similar thought. Would seem more equitable... 
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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10-16-2012, 02:20 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,330
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I think this should be a factor in increases for all federal benefits, as well as the government overall budget. No wonder spending is out of control, when its growing faster than tax payer income.
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JimnJana
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
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10-16-2012, 03:19 PM
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#17
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Recycles dryer sheets
Join Date: Mar 2011
Location: Western Georgia
Posts: 247
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Quote:
Originally Posted by braumeister
Which definitely beats a sharp stick in the ear.
I'll take it, and thank you very much!
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+1 
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Hard to say what it was, when it isn't.
FIRED in 2005 @ 55
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