Fedup
Thinks s/he gets paid by the post
Bad news for me. I've got a non-COLA'd pension. This reminds me that it is shrinking. I was happier with those 1% increases.
You have SS don’t you?
Bad news for me. I've got a non-COLA'd pension. This reminds me that it is shrinking. I was happier with those 1% increases.
I just realized that today, Oct 11, is the monthly inflation CPI release by the BLS ( I have signed up to receive their emails).
Is the fact that SSA announced the COLAS today not a coincidence? Asked differently - Does the annual SSA COLA announcement always occur on the October release day of the CPI numbers?
-gauss
Yes, the increase in SS just keeps up with the increase in the CPI. So I don't come out ahead there.You have SS don’t you?
Don't worry! We very well might see them again sooner than we think.Bad news for me. I've got a non-COLA'd pension. This reminds me that it is shrinking. I was happier with those 1% increases.
$1.50 is not too bad, $1.50/$134 is still less than 2.80% increase. We still come out ahead.
2.8% sounds good to me. I haven’t started taking SS yet. I am waiting to start it due to Obamacare MAGI. If our options in 2019 work out subsidy wise, I may start in January 2019. If that’s not favorable I’ll wait until I’m 65 and starting Medicare. I’ve got 15 months until Medicare!
And, then, don't plan on spending that full 2.8% because your Medicare Part B premium will go up $1.50 in 2019.
https://www.cms.gov/newsroom/press-...019-medicare-parts-b-premiums-and-deductibles
And, then, don't plan on spending that full 2.8% because your Medicare Part B premium will go up $1.50 in 2019.
https://www.cms.gov/newsroom/press-...019-medicare-parts-b-premiums-and-deductibles
Worse yet for me, IIRC my Part B will go up $53 a month due to a higher than normal income draw on my part over the past two years.
I seem to have gone over the income threshold.
Oh, how crummy! I had that happen one year (when I bought my house). They adjusted it back down automatically the following year when my income went back down. I didn't know how that would be handled, but overall I didn't have to do a thing and it was such a relief to see it lower once again (although I lost my "hold harmless" level of $104.90, but still it went from $187.50 down to $134.00).
Thank goodness it isn't permanent like I had thought!
I was concerned about that too, but I didn't do that or even contact them about it and they did everything right on time.I did not know it was automatic. I was under the impression that I had to go down there with my tax return or something.
Worse yet for me, IIRC my Part B will go up $53 a month due to a higher than normal income draw on my part over the past two years.
I seem to have gone over the income threshold.
On the glass half full side, you were able to have an income over 170k for one year and it sounds like you are still good.
I think she had to withdraw more income to buy the house - whether it was from an IRA or realizing capital gains. So there was an additional Medicare penalty on top of the higher taxes.
On the glass half full side, you were able to have an income over 170k for one year and it sounds like you are still good.
You have to have much more income then $170k. Don’t forget there’s at least $22k deductions for a couple.
I've been retired for 11 years. Looking at the trend, it seems to me that our spending has gone up.Don't worry! We very well might see them again sooner than we think.
Meanwhile, we have a nice raise in SS, and I really don't see that my own personal cost of living has gone up at all. My projected spending for 2018 is down about $10K from my usual annual spending, due to no unexpected big expenses so far this year.
Party on! I can't imagine what I'll spend my SS COLA on but it is going into the "frivolous spending" bucket for sure. For me, this raise is (slightly) better than dropping my landline was.
I can't help it - - I always love getting a raise! Same was true when I was working.
I'm not a couple!!! And I have never had an AGI over $100K in my life. You married folks, gee....
I'm not sure which part of the site you're looking at.Does anyone know when the SS site gets updated to reflect the 2.8% increase?