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Old 12-11-2018, 08:01 AM
 
Location: Verde Valley AZ
8,629 posts, read 9,703,348 times
Reputation: 11019

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Quote:
Originally Posted by arwenmark View Post
Wondering how many of you have received your letter from SS updating your monthly amount to include the latest COLA.

We have not received ours yet, and yet it should be taking effect with this next deposit.

Got mine yesterday. Total check went up $20 month. I'll take it!
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Old 12-11-2018, 09:37 AM
 
1,694 posts, read 583,264 times
Reputation: 3146
Quote:
Originally Posted by NewbieHere View Post
Sweet, now the increase between SS and His FERS pension will pay for our cable/internet/phone bill.
That's an interesting way of looking at it. Let's see, my increase will pay for any ONE of the following costs for the next year (12 month period, assuming 2019 costs are the same as this year's):

70% of my homeowners insurance premium
or
68% of my car insurance premium
or
62% of my electric bill
or
54% of my cable/internet bill
or
28% of my probable heating oil cost (Jan-April and Oct-Dec)

Darn, somehow it seemed better when I was looking at it as X dollars more per month, LOL
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Old 12-11-2018, 10:12 AM
 
Location: SoCal
13,327 posts, read 6,382,104 times
Reputation: 9952
Interesting, our gas bill is very low here. It’s like $12 a month. But our insurance is higher. But our cable/tv/internet is probably the one I would like to reduce.
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Old 12-11-2018, 11:33 AM
 
Location: Northern panhandle WV
3,007 posts, read 2,178,706 times
Reputation: 6696
"LOL. That's quite the active little imagination you've got there. How did you ever come up with that scenario?"

I got it from Tom Margeneau who has a column about SS who is retired from the SS.
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Old 12-11-2018, 11:34 AM
 
Location: Central New Jersey
2,450 posts, read 928,765 times
Reputation: 4311
My mom mentioned it yesterday but she hasn't received her letter yet. Last increase I think was a whopping 13 bucks
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Old 12-11-2018, 11:41 AM
 
Location: Northern panhandle WV
3,007 posts, read 2,178,706 times
Reputation: 6696
the increase between husband and me should almost cover the Mortgage payment 154.
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Old 12-11-2018, 12:03 PM
 
8,218 posts, read 11,935,652 times
Reputation: 18069
Quote:
Originally Posted by arwenmark View Post
"LOL. That's quite the active little imagination you've got there. How did you ever come up with that scenario?"

I got it from Tom Margeneau who has a column about SS who is retired from the SS.
Then, as you can see from the historical facts that I presented, Tom has an active imagination. Or, as a former PIO, he's just addicted to spinning the truth.
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Old 12-11-2018, 12:19 PM
 
2,156 posts, read 738,820 times
Reputation: 5510
Quote:
Originally Posted by BBCjunkie View Post
Obviously it's a double edged sword. I'd be totally okay with getting $200/month less if my yearly gross Social Security benefit was $85K or more, personally. Mine isn't even 50% of that, and I live in a high cost of living part of the country so every dollar counts.
No one's gross SS benefit is that high. Mine is less than $24,000. They look at your total Adjusted Gross Income to determine IRMAA surcharges.
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Old 12-11-2018, 12:29 PM
 
1,694 posts, read 583,264 times
Reputation: 3146
Quote:
Originally Posted by athena53 View Post
No one's gross SS benefit is that high. Mine is less than $24,000. They look at your total Adjusted Gross Income to determine IRMAA surcharges.

You are completely right, I typed "total SS benefit" when I should have typed "total income".


My only (lame) excuse is that my only income IS my SS benefit and so to me the two are synonymous within my sometimes-fuddled brain, LOL


Sorry about that and thanks for catching it so that I can clarify what I should have said. :-)
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Old 12-11-2018, 12:42 PM
 
Location: SoCal
13,327 posts, read 6,382,104 times
Reputation: 9952
Quote:
Originally Posted by athena53 View Post
No one's gross SS benefit is that high. Mine is less than $24,000. They look at your total Adjusted Gross Income to determine IRMAA surcharges.
I would say, hypothetical today, 2 max SS checks at age 70 is $88K and above. So Iím sure thereís somebody out there.
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