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09-18-2011, 08:59 AM
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#21
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Posts: 12,566
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Thanks, Donheff, for posting the executive summary - I plain forgot! I just thought the analysis, itself, was interesting. Sometimes, I'm too geeky for my own good.
Amethyst
Quote:
Originally Posted by donheff
The summary is that if current trends continue thru Sept the SSA COLA will be about 3.5%. I think I heard a news report last week that inflation had stalled this month so maybe a bit less. Still looking like 3%+.
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__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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09-18-2011, 09:06 AM
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#22
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Thinks s/he gets paid by the post
Join Date: May 2011
Location: South Eastern USA
Posts: 1,068
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edited: Never mind!
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09-18-2011, 10:01 AM
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#23
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,313
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Quote:
Originally Posted by Amethyst
Thanks, Donheff, for posting the executive summary - I plain forgot! I just thought the analysis, itself, was interesting. Sometimes, I'm too geeky for my own good.
Amethyst
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Note that I didn't chastise you for not posting the summary. I don't think of you as normally being one of those dastardly naked link posters.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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09-18-2011, 10:32 AM
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#24
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Posts: 12,566
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Are you saying some people post while in the nude? I'm shocked I tell you!
Amethyst
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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09-18-2011, 10:48 AM
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#25
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
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Investigating this possibility, I've just done a web search on "nude posters", and I must report that this seems to be widespread.
__________________
Greg (retired in 2010 at age 68, state pension)
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09-18-2011, 10:51 AM
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#26
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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Quote:
Originally Posted by donheff
The summary is that if current trends continue thru Sept the SSA COLA will be about 3.5%. I think I heard a news report last week that inflation had stalled this month so maybe a bit less. Still looking like 3%+.
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This is so exciting to me. Having retired from federal service in 2009, I have never had a COLA. If it's 3.5%, then we FERS retirees should get a 2.5% COLA. That would be awesome.
__________________
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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09-18-2011, 11:14 AM
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#27
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Thinks s/he gets paid by the post
Join Date: Feb 2010
Location: Cavalier
Posts: 2,317
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Looking forward to a CSRS COLA after two years of zero. Could gross about $100 per month between pension and SS.
__________________
"Don't take life so serious, son. It ain't nohow permanent." Pogo Possum (Walt Kelly)
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09-18-2011, 01:45 PM
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#28
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,855
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Quote:
Originally Posted by Nodak
Looking forward to a CSRS COLA after two years of zero. Could gross about $100 per month between pension and SS.
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Yes, but inflation has officially already taken it away. Unofficially it might have taken even more.
It's like living in a world of 10%-interest checking accounts and 14% CDs. Nobody wants to deal with that kind of inflation just for double-digit interest earnings.
We should all wish for zero COLAs for the rest of our lives...
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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09-18-2011, 01:54 PM
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#29
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,313
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Quote:
Originally Posted by Nords
We should all wish for zero COLAs for the rest of our lives...
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2 or 3% will make it easier to pay off the debt as long as we have commensurate growth.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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09-18-2011, 02:40 PM
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#30
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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Quote:
Originally Posted by Nords
Yes, but inflation has officially already taken it away. Unofficially it might have taken even more.
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Good point. Also, my health insurance premium is deducted before the direct deposit of my tiny pension. So, I fully expect the dollar amount direct deposited to be less than before, due to the usual high increases in health insurance premiums.
Oh well. Still, it is a new experience. Life is full of novelty and interesting twists and turns. And who knows? I might end up with a little more to help me deal with the inflation you mention. Not holding my breath.
__________________
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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09-18-2011, 04:18 PM
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#31
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,855
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Quote:
Originally Posted by donheff
2 or 3% will make it easier to pay off the debt as long as we have commensurate growth.
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I'm good with that. The 5.8% COLA a few years back... ouch.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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09-18-2011, 05:01 PM
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#32
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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: 17,134
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My pay was cut this year. So I guess my COLA was -2%. At least once I retire they can't cut my pension, but since my final pension is an average of my five highest years, this cut will hurt my pension a bit.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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09-18-2011, 06:17 PM
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#33
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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Quote:
Originally Posted by Chuckanut
At least once I retire they can't cut my pension...
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Only if you're a government worker (and these days on the local level, they are getting shakey).
A private company? All it needs to do is go out of business and there goes your pension to the PBGC (at probably reduced rates).
It happened to both my FIL & BIL (different companies - union jobs)...
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