Social Security makes the biggest jump since 2012.
OK,, it hasn't happened yet but the projections are:
The Senior Citizens League, a nonpartisan senior advocacy organization, forecasts benefits will jump by 2.8 percent in 2019 ? which would be the largest increase in seven years. That is slightly down from the group?s previous forecast of 3 percent, but would still boost the average beneficiary?s check by $39 per month ? and raise the current maximum benefit collected by someone who retires at full retirement age by about $78 per month.
https://www.foxbusiness.com/personal-finance/social-security-checks-could-rise-by-most-since-2012
Another reason to keep Congress Republican.
The Senior Citizens League, a nonpartisan senior advocacy organization, forecasts benefits will jump by 2.8 percent in 2019 ? which would be the largest increase in seven years. That is slightly down from the group?s previous forecast of 3 percent, but would still boost the average beneficiary?s check by $39 per month ? and raise the current maximum benefit collected by someone who retires at full retirement age by about $78 per month.
https://www.foxbusiness.com/personal-finance/social-security-checks-could-rise-by-most-since-2012
Another reason to keep Congress Republican.
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That?s a cool $29 a month for me. If they keep this up for a hundred years or so I can start thinking about retirement. I?ll find a use for it. 0 -
What the hell does this have to do with voting Republican? 0 -
Jeez, whatever will I do with all those unexpected riches?, won't even pay for the cat food. 0 -
quote:Jeez, whatever will I do with all those unexpected riches?
Don't worry the Medicare premium increase will offset any benefit increase.0 -
quote:Originally posted by Bottom Gun
quote:Jeez, whatever will I do with all those unexpected riches?
Don't worry the Medicare premium increase will offset any benefit increase.
That's what I was thinking...[xx(]0 -
Don't thank the Republicans.
Don't thank the Democrats.
Thank your grandchildren and great-grandchildren.
You know, the ones who will be paying for it.[xx(]0 -
just over $40, enough for 2 cases of beer [:D] 0 -
This can't be they said they are running out of money [:0][B)][}:)] 0 -
Just remember you never got that from a democrap 0 -
Social Security payment amounts aren't set by Congress 0 -
quote:Originally posted by Bottom Gun
quote:Jeez, whatever will I do with all those unexpected riches?
Don't worry the Medicare premium increase will offset any benefit increase.
[:(!] Welfare just doesn't seem to work for me.0 -
So let's see......,If we are lucky,a tiny bit of that increase may reach us if Medicare premium increases don't grab it all. 0 -
even if the raise is taken by the medicare increase it is still a win, as you are not out of pocket any more money for premiums... you can think of it as them paying your premium raise 0 -
quote:Originally posted by truthful
So let's see......,If we are lucky,a tiny bit of that increase may reach us if Medicare premium increases don't grab it all.
If we are lucky? If we are honest and if we respect our children, we will halt all increases until the system becomes solvent.0 -
Sorry Don but the politicians(puke)will keep SS bankrupt no matter what we do.
It's what they do on all levels of government. Federal, State, County, Municipal and even schools and park districts ect. [xx(]0 -
I agree so then
If it is acknowledged as nothing more than a income tax it is a regressive tax.
Why is it only collected on the first 70-130K depending on the year it was collected and that means we should go back and collect the TAX from all earners for the years it wasn't collected over the cap.
That and removing the cap should take care of any short falls
quote:Originally posted by Don McManus
quote:Originally posted by truthful
So let's see......,If we are lucky,a tiny bit of that increase may reach us if Medicare premium increases don't grab it all.
If we are lucky? If we are honest and if we respect our children, we will halt all increases until the system becomes solvent.0 -
quote:Originally posted by Hunter Mag
Sorry Don but the politicians(puke)will keep SS bankrupt no matter what we do.
It's what they do on all levels of government. Federal, State, County, Municipal and even schools and park districts ect. [xx(]
Any possibility that when a politician suggest that SS payments have to be cut to save SS, that politician is either voted out of office or is never voted in?
If we as voters encourage government to give us money it doesn't have, government will do so.
Trump would not have been elected had he stated that he would cut SS payments, or eliminate cost of livening increases so that the system would pay for itself before the 'trust fund' runs out of money. Politicians from both parties continue to buy votes with SS dollars that do not exist. It would be fine if we were the ones that will suffer for it. The fact is that may suffer a little, but our children, grand children and their children will bear the brunt.
It is criminal and it is driven by a selfish electorate, not politicians.0 -
The "Trust Fund" isn't going to be *saved* because we are too far down the road now to fix it.
We'll do what we always do when there is a budget shortfall....borrow more money.
You'll still get your promised benefit..in dollars that have the purchasing power that coins do now.0 -
quote:Originally posted by mogley98
I agree so then
If it is acknowledged as nothing more than a income tax it is a regressive tax.
Why is it only collected on the first 70-130K depending on the year it was collected and that means we should go back and collect the TAX from all earners for the years it wasn't collected over the cap.
That and removing the cap should take care of any short falls
quote:Originally posted by Don McManus
quote:Originally posted by truthful
So let's see......,If we are lucky,a tiny bit of that increase may reach us if Medicare premium increases don't grab it all.
If we are lucky? If we are honest and if we respect our children, we will halt all increases until the system becomes solvent.
Removing the cap could be part of the solution, as would more aggressive means testing, and getting a better handle on payouts.
An open and honest evaluation of the problem and potential solutions with solid statistical data as to the impact of each individual part of the solution would be necessary before we hit a 'should take care of' moment.
I am willing to pay in a little more and receive a little less so that someone who did not achieve the success I achieved can retire before the body is worn out.0 -
Oh I just got a call from them saying something like my number was being used in something shady. I was only half listening as the machine took the message of the semi-robotic speaker. 0 -
quote:Originally posted by Don McManus
If we are lucky? If we are honest and if we respect our children, we will halt all increases until the system becomes solvent.
If the government had kept their dirty fingers out of SS it would never have gone broke. When they started dipping into SS for things that it was never intended to be used for that's when it started to go under and not from the measly cost of living increases paid out to people that paid into it all their lives.0 -
quote:Originally posted by Don McManus
Don't thank the Republicans.
Don't thank the Democrats.
Thank your grandchildren and great-grandchildren.
You know, the ones who will be paying for it.[xx(]
We'll just be getting back a small portion that we paid in through our lives...0 -
quote:Originally posted by Smitty500mag
quote:Originally posted by Don McManus
If we are lucky? If we are honest and if we respect our children, we will halt all increases until the system becomes solvent.
If the government had kept their dirty fingers out of SS it would never have gone broke. When they started dipping into SS for things that it was never intended to be used for that's when it started to go under and not from the measly cost of living increases paid out to people that paid into it all their lives.
Yep....0 -
quote:Originally posted by Smitty500mag
quote:Originally posted by Don McManus
If we are lucky? If we are honest and if we respect our children, we will halt all increases until the system becomes solvent.
If the government had kept their dirty fingers out of SS it would never have gone broke. When they started dipping into SS for things that it was never intended to be used for that's when it started to go under and not from the measly cost of living increases paid out to people that paid into it all their lives.
What do you mean by 'things it was never intended to be used for'?0 -
quote:Originally posted by MIKE WISKEY
just over $40, enough for 2 cases of beer [:D]
A month, 24 a year, 240 in 10 years. [:D]0 -
quote:Originally posted by Don McManus
What do you mean by 'things it was never intended to be used for'?
Disability and school loans to name a couple.0 -
quote:Originally posted by Don McManus
quote:Originally posted by truthful
So let's see......,If we are lucky,a tiny bit of that increase may reach us if Medicare premium increases don't grab it all.
If we are lucky? If we are honest and if we respect our children, we will halt all increases until the system becomes solvent.
The system is "pay forward", you pay today for those retired. The rate is a lot higher than it was in 1970. I believe the SS is solvent, but, people need jobs and higher pay.
More people working PAYING S.S. = Funds to pay those retired.
In 1966 The population was less than 200 million. It's 325 million today. The idea is to get 90% of the workers employed and paying SS. Then figure out how to keep folks off welfare and being productive.0 -
Cool, I might make enough now to start collecting 1st Generation Colt Single Actions again! [8D][}:)][;)][:D] 0 -
I've heard Social Security is going broke for at least 45 Years. Social Security IS NOT GOING BROKE anytime soon.
More people are working and PAYING the most money that has ever been paid into Social Security.
One simple solution is to contribute more in payroll taxes -- if you make more money. How to get more contributions, more people working at higher pay. The ones working today are paying today's retirees.
Those who want to undermine or deep-six Social Security spread the false message that it won't be around, particularly for future generations. That's been a strategy of those who want to destroy social insurance programs for decades. But it's simply not true, since Social Security, Medicare and Medicaid are essential -- and successful -- in reducing poverty.
https://www.forbes.com/sites/johnwasik/2018/06/08/fake-news-why-social-security-isnt-going-broke/#4cf010064e55
Never getting it back? maybe if you die before retirement, yes. But I can remember paying minor dollars per month and was "paid up" after 5 months in the 60's, 70's and 80's. Pretty sure I'll get what I paid in, if not already, very soon. If you consider Medicare benefits, got all the money back.0 -
quote:Originally posted by Bottom Gun
quote:Jeez, whatever will I do with all those unexpected riches?
Don't worry the Medicare premium increase will offset any benefit increase.
They say medicare premiums are projected to go up $1.50, since they don't do change it will go $2.00.0
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