SSA...COLA bring it on!

[stevej37]

We should have a retirees forum....oh wait, the others would be empty.

[Bob Kontak]

Originally Posted by stevej37

^^^ what's RRB?

Railroad Retirement Benefits.

I just turned 65 and nut up about $130 per month for Medicare supplemental for essentially no co-pays. With this triple bypass I had in May I am going to have some bills across the next couple of years.

Just happy to be alive and now rich as a mother f**%#r with this SSI COLA kicker.

[stevej37]

^^^ That is an excellent benefit (RR)
Keep on using the benefits....you've earned them.

[yellowline]

Originally Posted by Bob Kontak

SSI is a bought and paid for retirement benefit by the recipients.

You’re emotionally attached.

https://www.ssa.gov/history/idapayroll.html

Ida May Fuller worked for three years under the Social Security program. The accumulated taxes on her salary during those three years was a total of $24.75. Her initial monthly check was $22.54. During her lifetime she collected a total of $22,888.92 in Social Security benefits.

The first SS recipients did not pay much of anything, yet they collected. The worker:retiree ratio made everything work for a time.

It is a Ponzi scheme. You paid for your parents to retire. I am paying for Boomers to retire. Just looking at it for what it is.

[stevej37]

Just looked and saw that the first increased payment...won't be until the Jan 2022 payment.
I might be able to scrimp it out till then. Then it's all on.

[stevej37]

KBS....Kentucky Breakfast Stout is only $12/4 pack.
My monthly increase would buy me almost 7 four packs. Win!!!

[gregpark]

Originally Posted by stevej37

Just looked and saw that the first increased payment...won't be until the Jan 2022 payment.
I might be able to scrimp it out till then. Then it's all on.

Which is next month right? Hang in there buddy

[stevej37]

^^^ I'm ready..gonna hit it like it's 2010.

[fintstone]

I am about to hit 48 years working...so will probably make this one my last. I may wait until age 70 for SS depending how far my other money goes. It is too bad Medicare is so expensive if you have a high joint income in retiring...it ruins the whole SS thing.