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Old 10-13-2020, 07:57 PM   #21
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I could whine about the inflation increase. I've mentioned many times that I don't buy the official inflation numbers. My HOA dues went up 8% this year and that's NOT unusual on the Island. THAT's a fair chunk of money. Most of the food items I purchase in the grocery are up WAY more than 1.3% (or the official number, what ever it is.) I could go on... and on. But I won't.

I think what this discussion points out is that we (those who have and those who want to FIRE) are still pretty much on our own. We here, for the most part, don't "live or die" on a 1.3% increase in SS. We may or may not whine about it (and the MC costs to be announced and ACA subsidies and income limits, etc.). My contention is that if this "news" gives anyone of us pause about retiring or being able to stay retired, we need to rethink our "plan." Natural, YMMV.
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Old 10-13-2020, 07:58 PM   #22
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Let's wait to see how much the Medicare premiums increase to see how much we actually receive. I'm sure some might say that Medicare premium costs, along with the deductibles are included in that 1.3% Cola. I suspect that I may see close to zero additional SS next year.
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Old 10-13-2020, 10:04 PM   #23
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Quote:
Originally Posted by CRLLS View Post
Let's wait to see how much the Medicare premiums increase to see how much we actually receive. I'm sure some might say that Medicare premium costs, along with the deductibles are included in that 1.3% Cola. I suspect that I may see close to zero additional SS next year.
I certainly don't want to pay more for MC (I'm crazy but not stupid!) Having said that, MC is such a great benefit that I'm never too upset when the new "numbers" come in each year. I can deal with a few % increase in premiums when I see how little I have to cough up when I have a claim. (Hopefully, the gummint isn't reading this!) YMMV as usual.
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