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Old 10-19-2011, 07:20 AM
 
Location: Sierra Vista, AZ
16,133 posts, read 20,841,272 times
Reputation: 8293

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I will be shocked if we get a nickel with the GOP in Congress. But here's hoping
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Old 10-19-2011, 07:28 AM
 
16,437 posts, read 19,155,288 times
Reputation: 9520
SS just announced a 3.6% increase in January 2012.
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Old 10-19-2011, 11:44 AM
 
8,208 posts, read 11,929,872 times
Reputation: 18031
Quote:
Originally Posted by Boompa View Post
I will be shocked if we get a nickel with the GOP in Congress. But here's hoping
This is the third time in this thread alone that you've made that ridiculous comment even though it's been explained to you that the COLA is automatic and that Congress doesn't vote on it.
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Old 10-19-2011, 03:04 PM
 
Location: Texas
2,847 posts, read 1,962,717 times
Reputation: 1747
its over, read it a no more complaining

Social Security Beneficiaries to Receive 3.6% Increase - Bloomberg
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Old 10-19-2011, 03:36 PM
 
Location: Los Angeles area
14,018 posts, read 17,759,876 times
Reputation: 32309
Quote:
Originally Posted by aliveandwellinSA View Post
Good link - thank you. A brief but comprehensive article. Here's a lesser known fact (from the article) that is related to the COLA increase: The taxation cap which is currently $106,800 per year will rise to $110,100 per year. I doubt that very many people who post here and who are still working make more than $106,800 annually, however.
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Old 10-19-2011, 04:04 PM
 
Location: Central Florida
973 posts, read 1,490,849 times
Reputation: 1098
Just wondering if this means that my benefit will be more when I begin to collect it when I turn 64 or will my estimate still be the same??
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Old 10-19-2011, 04:18 PM
 
Location: Wisconsin
21,543 posts, read 44,077,984 times
Reputation: 15160
Quote:
Originally Posted by Sagitarrius48 View Post
Just wondering if this means that my benefit will be more when I begin to collect it when I turn 64 or will my estimate still be the same??
SS Colas are factored into your final benefit.
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Old 10-19-2011, 04:22 PM
 
Location: Near a river
16,042 posts, read 18,997,544 times
Reputation: 15649
Quote:
Originally Posted by aliveandwellinSA View Post
I read nothing about an increase in Medicare cost--is one expected?
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Old 10-19-2011, 04:32 PM
 
Location: Los Angeles area
14,018 posts, read 17,759,876 times
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Quote:
Originally Posted by newenglandgirl View Post
I read nothing about an increase in Medicare cost--is one expected?
Yes, one is expected, specifically in the Part B premium which is deducted from our Soc. Sec. retirement benefit, but I don't think the amount has been determined yet. Unfortunately, people will rejoice in the COLA, then learn later that they won't realize the entire amount of it.
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Old 10-19-2011, 04:38 PM
 
Location: Ponte Vedra Beach FL
14,628 posts, read 17,950,422 times
Reputation: 6717
If I recall correctly - I read/heard today that we'll find out what the COLA for part B Medicare is in about 2-3 months. I the part B Medicare COLA is computed differently than the SS COLA. In any event - also if I recall correctly - the Medicare part B COLA can't be more than the SS COLA. Robyn
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