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08-07-2023, 10:19 PM
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#681
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Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,080
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Today, I am celebrating a forum milestone by commenting on my 1,000th post.
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09-23-2023, 03:26 PM
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#682
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Dryer sheet wannabe
Join Date: Jun 2016
Location: Seattle-ish
Posts: 22
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I periodically calculate what my future DB pension will be at age 65, based on my current years of service and salary... and it has now crossed the $20,000 per year threshold!  It's completely arbitrary and relative, but to me, this no longer feels like a "small" pension. Of course, this is the nominal amount it will be at age 65 (I'm currently 48), so it won't be worth that amount in today's dollars. However, I am still adding years of service, and I will hopefully receive a few more salary increases before I finally say, "I'm outta here!" 
(BTW: this is a well-funded state pension with a COLA provision. DW is also vested in the same pension.)
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09-23-2023, 03:49 PM
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#683
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Thinks s/he gets paid by the post
Join Date: Feb 2021
Location: Puget Sound
Posts: 2,996
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that's excellent! The only thing better than a COLA pension is TWO COLA pensions 
I just logged into SS to check and the numbers looked a lot higher than last year. I was baffled and pleased.
__________________
Class of 2023
OMY to 2024
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09-23-2023, 08:53 PM
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#684
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Dryer sheet wannabe
Join Date: Jun 2016
Location: Seattle-ish
Posts: 22
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 Quote:
Originally Posted by skyking1
that's excellent! The only thing better than a COLA pension is TWO COLA pensions
I just logged into SS to check and the numbers looked a lot higher than last year. I was baffled and pleased. |
Thanks, skyking1! Yes, we feel very fortunate to have not one but two COLA-ed pensions.
Regarding your SS, are you collecting yet? Or were you logging in to see the latest estimates? I heard there was a pretty big COLA for SS in 2023, so it is probably reflected in the estimator now.
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09-23-2023, 10:37 PM
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#685
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Recycles dryer sheets
Join Date: Jun 2011
Posts: 251
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Yes, SS COLA went up 8.7% in 2023 and it will increase 3.2% in 2024.
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09-23-2023, 11:20 PM
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#686
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Thinks s/he gets paid by the post
Join Date: Feb 2021
Location: Puget Sound
Posts: 2,996
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Quote:
Originally Posted by OnFire
Thanks, skyking1! Yes, we feel very fortunate to have not one but two COLA-ed pensions.
Regarding your SS, are you collecting yet? Or were you logging in to see the latest estimates? I heard there was a pretty big COLA for SS in 2023, so it is probably reflected in the estimator now.
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shows how much I have been paying attention
I was doing the annual log in thing. We are retiring at the end of 2024 as far as we know, and I will wait till 2030 to take mine @70.
__________________
Class of 2023
OMY to 2024
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09-23-2023, 11:49 PM
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#687
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Dryer sheet wannabe
Join Date: Jun 2016
Location: Seattle-ish
Posts: 22
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Quote:
Originally Posted by skyking1
shows how much I have been paying attention
I was doing the annual log in thing. We are retiring at the end of 2024 as far as we know, and I will wait till 2030 to take mine @70. |
Well, I bet that was a nice surprise, then!
Based on current SS rules, I will most likely wait to take mine at 70 as well. Hey, I wonder if anyone has ever asked when it's best to take it? 
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09-24-2023, 11:47 AM
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#688
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Confused about dryer sheets
Join Date: Sep 2019
Location: Houston
Posts: 8
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I am on track to make approximately $320,000 in dividend/interest income this year. Up approximately $60,000 from previous year. Snowball effect is in high gear.
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09-24-2023, 11:48 AM
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#689
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Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,080
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Is there a 2023 milestone thread?
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