Chained CPI - SS loss Calculator

[mickeyd]

The CPI-Chained proposition is just another in a string of government take-backs that most military retirees already are living with (Tricare,TFL, medicare etc).

BOHICA folks.

 

[heirloom]

It's underfunded & something needs to be done. Believe gradually raising ages from 62 & 67 to 65 & 70 is right to do too. Afterall, we're living way longer than when this program started. If you get disabled between 62 & 65, still covered by disability payments.

+1

Plus the middle class income isn't increasing, so their SS contribution stays the same while more people are retiring.

I don't think there should be a max contribution. As long as you work you should have FICA taxes withdrawn, no matter how much you make.

 

[JPatrick]

Looks like about a 1100 -1200 hit per year for me. Not a huge deal but if the hits keep coming....

And that's just the problem..The hits will keep on coming in the form of state taxes, sales taxes and means testing on medicare to name only three.