Emails for COLA went out last night.

[stevej37]

Emails stating the dollar amount after deductions for 2025 Social Security monthly payments. My email arrived late last night.

Mine is $44/month.

What to spend it on??


.

[rockfan4]

Just save it up for the next 477,272 months and buy that 917.

Or, you know, a carton of eggs.

My property taxes are likely going up by about the same amount since the town chairman wants to fund a public water system for us, and eventually incorporate into a village.

[flatbutt]

Originally Posted by stevej37

Emails stating the dollar amount after deductions for 2025 Social Security monthly payments. My email arrived late last night.

Mine is $44/month.

What to spend it on??


.

Invite me out for a long spring ride and then treat me to sushi?

[Tobra]

Seems like pushing the big blue trike would be tough, not enough for gas and food

[Sooner or later]

Much of my $92 SS COLA increase is going towards higher Medicare premiums.

Part B up $10 - $175 to $185
Part D up $35 - $36 to $71
Part F up $32 - $273 to $305
Total up $77 - $484 to $561

[stevej37]

Originally Posted by flatbutt

Invite me out for a long spring ride and then treat me to sushi?

$44...you're a cheap date.

[stevej37]

Originally Posted by Sooner or later

Much of my $92 SS COLA increase is going towards higher Medicare premiums.

Part B up $10 - $175 to $185
Part D up $35 - $36 to $71
Part F up $32 - $273 to $305
Total up $77 - $484 to $561

$92 is a nice increase....is that after deductions?


.

[Sooner or later]

$92 is gross.

Net $15 after the 3 premium increases.

[stevej37]

^^^
The link I got in the email yesterday led to a breakdown of deductions for 2025 and a final amount that would be wired to my bank.
I took that final amount and subtracted last months bank deposit from it...and arrived at $44

Maybe I should be doing it differently? I'm not sure.

[Sooner or later]

Don't you have an an advantage plan that has a zero monthly premium?

I went with the more expensive monthly premiums route with Part D and F. Fewer restrictions and lower out of pocket.

[stevej37]

My breakdown only shows two diff deductions.
My fed tax withholding $277
Medicare Medical Insurance (part B and c) $185
Part D (drug plan) is no charge

That's it.

I also have Priority Health for prescriptions and other odds and ends. That bill is $33/month....but it's not mentioned on the SS benefit sheet.

[Sooner or later]

Originally Posted by stevej37

My breakdown only shows two diff deductions.
My fed tax withholding $277
Medicare Medical Insurance (part B and c) $185
Part D (drug plan) is no charge

That's it.

I also have Priority Health for prescriptions and other odds and ends. That bill is $33/month....but it's not mentioned on the SS benefit sheet.

That is correct.

My part B and F (replaces your part C) is $490. My Part D (drug) is an additional $71.

[stevej37]

^^^ Ok...got it.
You obviously have more coverage than I do.
I went with a cheaper coverage because I typically hardly ever use it. (I've never had a prescription.)

[Baz]

My 66th SS deposit landed last week. 5.5 years now, right? Just like clock work!

Haven't see any COLA message yet but whatever it is will be welcome, as all previous ones have been.

Carry on.......

[Por_sha911]

What is the percentage increase?

[stevej37]

The email I received led to this from SSA...

"Your Social Security benefit will increase by 2.5% in January 2025 because of a rise in
the cost of living. You can use this letter as proof of your benefit amount if you need to
apply for food, rent, or energy assistance. You can also use it to apply for bank loans or
for other business. Keep this letter with your important financial records or access this
information online by signing into your my Social Security account."

$44 is not getting me much of a loan....if I wanted one.

[Por_sha911]

1800 isn't much help each month in today's economy

[CurtEgerer]

It's always a losing game with SS. The COLA increase is based upon the preceding year's inflation - out-of-pocket money we've already spent and this new money doesn't make up for it. And the COLA adjustment always underweights the increase in many sectors, like prescription drugs and home insurance. It's a fool's game. But I suppose I should bow to our government overlords for their generosity in returning the money they confiscated at gunpoint from my paycheck for the past 45 years .... I am not worthy

[KFC911]

Originally Posted by stevej37

Emails stating the dollar amount after deductions for 2025 Social Security monthly payments. My email arrived late last night.

Mine is $44/month.

What to spend it on??


.

Either yer turtles or ME!

It's your call ....

Serious question .... does anyone (here on this thread) collecting SS really depend on it ... or is it just a number?

Never counted on it, paid the max for years, and like my parents ... it's gravy now.

THEY and my grandparents and lots of relatives absolutely depended upon it for years tho....

I paid them .... youngins paying me...

Egypt would be proud

[stevej37]

No, I don't depend on it, mostly because I have a very nice pension from working at the same place for 38 years.
But the SS check is a nice addition and I appreciate any additional amount they want to add to it each year. (it's a lot better than nothing)