JerryBaumchen 1,470 #1 October 10, 2012 Hi out there in SC-Land, We're in the money now: http://money.cnn.com/2012/10/09/news/economy/social-security-benefits/index.html?source=cnn_bin Social Security recipients will get less than a 2% increase in their benefits next year to account for a rise in cost of living, according to an estimate published Tuesday. That's less than half the increase in benefits they received in 2012. The American Institute for Economic Research, a private think tank, estimates Social Security checks will increase between 1.5% and 1.7% in 2013. Wow, I'm getting a $4.25/month increase. Time to buy a round for the house. JerryBaumchen Quote Share this post Link to post Share on other sites
oldwomanc6 60 #2 October 10, 2012 Wow, I'm getting a $4.25/month increase. Time to buy a round for the house. JerryBaumchen Yep, if only one of you is drinking, at happy hour, and no "Gimme a tip, dammit!" lisa WSCR 594 FB 1023 CBDB 9 Quote Share this post Link to post Share on other sites
kallend 2,159 #3 October 10, 2012 Well, the last CPI rise I heard (first 4 months of 2012) was 1.7%, so a COLA in that range seems reasonable. Although I'm 67 and eligible, I'm deferring taking my SS until I'm forced to take it at 70.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
GeorgiaDon 381 #4 October 10, 2012 QuoteWow, I'm getting a $4.25/month increase. Time to buy a round for the house. I thought you were one of those people who were all worried about the deficit? Considering that social security is growing anyway because the baby boomers are starting to retire, how can you reconcile your expectation for larger increases with your demand for budget slashing? Killing off big bird is not going to come close to balancing those books. If it makes you feel any better, I haven't had a pay increase in 4 years, and a couple of those years saw a decrease due to mandatory unpaid furloughs. Of course, health insurance, parking, and a myriad of other fees goes up every year. And, I'm paying for your social security. Don_____________________________________ Tolerance is the cost we must pay for our adventure in liberty. (Dworkin, 1996) “Education is not filling a bucket, but lighting a fire.” (Yeats) Quote Share this post Link to post Share on other sites
kelpdiver 2 #5 October 10, 2012 Quote Although I'm 67 and eligible, I'm deferring taking my SS until I'm forced to take it at 70. As an insurance hedge? Whenever I hear financial advisers talk about a 8% per year return for deferrals, I cringe. I don't know of many wise investments where you give up your principle for an 8% gain. But for those with enough money to not need it, but perhaps not enough to feel certain of not outliving it, getting the SS annuity to the largest possible amount could pay off in the 90s. Quote Share this post Link to post Share on other sites
kallend 2,159 #6 October 10, 2012 QuoteQuote Although I'm 67 and eligible, I'm deferring taking my SS until I'm forced to take it at 70. As an insurance hedge? Whenever I hear financial advisers talk about a 8% per year return for deferrals, I cringe. I don't know of many wise investments where you give up your principle for an 8% gain. But for those with enough money to not need it, but perhaps not enough to feel certain of not outliving it, getting the SS annuity to the largest possible amount could pay off in the 90s. I'm employed, single, healthy, house car and plane paid for, kids grown up and gone, GF is an MD, and my dad lived to 92.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
champu 1 #7 October 10, 2012 QuoteSocial Security recipients will get less than a 2% increase in their benefits next year to account for a rise in cost of living, according to an estimate published Tuesday. That's less than half the increase in benefits they received in 2012. The American Institute for Economic Research, a private think tank, estimates Social Security checks will increase between 1.5% and 1.7% in 2013. As Kallend mentioned, the CPI isn't exactly skyrocketing so anyone expecting big guaranteed raises / increases right now is not being realistic. That said, any adjustments made in Washington to "fix SS so that it stays around in the long run" are really resignations that the whole system is fundamentally flawed. When a program consists entirely of sending people money the only thing you can do if you don't have enough money is send less money and to fewer people. This means picking some people and telling them to fuck off to varying degrees until eventually you have to tell that to just about everyone. The only reason it hasn't fallen apart yet is because it takes a long time for a super-tanker to run aground. Quote Share this post Link to post Share on other sites
JerryBaumchen 1,470 #8 October 10, 2012 Hi Don, Quote I thought you were one of those people who were all worried about the deficit? I am not 'worried' about it. I do want to get this country back on reducing it. Did you miss this ( ) in my post? JerryBaumchen Quote Share this post Link to post Share on other sites
