Social security

[moreluck]

I heard there is to be a COLA raise of 1% or 2 %................in the recent past, there's been no increase, so 1 or 2 % is great!!

 

[texan]

It seems to follow this, or the Military Retired Pay follows the CBO figure:

The Congressional Budget Office is predicting a 1.3 percent cost-of-living adjustment in military retirement and
veterans’ disability benefits in 2013, an increase far smaller than the 3.6 percent hike received this year.

 

[texan]

The Congressional Budget Office is sticking with its projection of a 1.3 percent cost-of-living adjustment on
Dec. 1 in military and civilian retired pay and Social Security.

There had been discussion earlier this year that the annual COLA could be as high as 1.9 percent.
However, a Sept. 12 statement from the nonpartisan budget office “assumes that the COLA
effective on Dec., 1, 2012 would be 1.3 percent.”

Amount of retirement COLA predicted for 2013 - Army News | News from Afghanistan & Iraq - Army Times

 

[Wally]

https://www.cato.org/policy-analysis/social-security-trust-fund-myth

 

[Babagounj]

In a few months, I'll start collecting at age 70.
With the last 2.5% Cola, it will be just a grand a month less than my pension check.
With the possibility of future Colas pushing it pass my pension amount.

 

[IVE GOTTA PACKAGE 4U]

In a few months, I'll start collecting at age 70.
With the last 2.5% Cola, it will be just a grand a month less than my pension check.
With the possibility of future Colas pushing it pass my pension amount.

Uncle Baba

 

[bottomups]

In a few months, I'll start collecting at age 70.
With the last 2.5% Cola, it will be just a grand a month less than my pension check.
With the possibility of future Colas pushing it pass my pension amount.

Took mine at 62. Males in my family history tended to expire a bit earlier than most so I figure I'll try and collect while I have the chance. Don't really need it so am dumping it into CDs.

 

[Babagounj]

Here's an interesting fact.

Liz Warren and the Democrat Quest to Make Social Security a Welfare Program

Over at Gateway Pundit, Margaret Flavin suggests that Elizabeth Warren “continues to display her ignorance,” revealing that she “does not understand how Social Security works.” She references this post by Warren on X:...

www.americanthinker.com

Let’s step back, for a moment, to May of 1935.
America was in the thick of a Depression which was made Greater by the intervention of FDR and his brains trust of Soviet-admiring central planners. At a time when life expectancy was about 62, they brilliantly devised a government-administrated pension program which would pay a benefit of retirement income at age 65.
This was a morally dubious proposition, for various reasons beyond the fact that most Americans at the time weren’t projected to live long enough to collect any benefit at all.
It was widely understood, in 1935 anyway, that the federal government had no right to coerce Americans into any pension arrangement, or into any annuity (i.e., insurance) contract.

 

[Wally]

Here's an interesting fact.

Liz Warren and the Democrat Quest to Make Social Security a Welfare Program

Over at Gateway Pundit, Margaret Flavin suggests that Elizabeth Warren “continues to display her ignorance,” revealing that she “does not understand how Social Security works.” She references this post by Warren on X:...

www.americanthinker.com

Let’s step back, for a moment, to May of 1935.
America was in the thick of a Depression which was made Greater by the intervention of FDR and his brains trust of Soviet-admiring central planners. At a time when life expectancy was about 62, they brilliantly devised a government-administrated pension program which would pay a benefit of retirement income at age 65.
This was a morally dubious proposition, for various reasons beyond the fact that most Americans at the time weren’t projected to live long enough to collect any benefit at all.
It was widely understood, in 1935 anyway, that the federal government had no right to coerce Americans into any pension arrangement, or into any annuity (i.e., insurance) contract.

For sure, the plans age to start collecting benefits needs to go up.

 

[BrownFlush]

For sure, the plans age to start collecting benefits needs to go up.

Unless you're about to turn 62.

 

[Wally]

Unless you're about to turn 62.

Sucks to be you. Keep working, it will do you good.

 

[UnionStrong]

For sure, the plans age to start collecting benefits needs to go up.

Go for it…and stop taxing it too.

 

[Wally]

Go for it…and stop taxing it too.

Sure, but no tax only on the amount you personally contributed.

 

[UnionStrong]

Sure, but no tax only on the amount you personally contributed.

that. No tax period. I contributed for 57 years.

 

[Wally]

that. No tax period. I contributed for 57 years.

Sure, your money is tax free, money given by others, no.

 

[UnionStrong]

Sure, your money is tax free, money given by others, no.

The Western pension fund can always make up the difference.

 

[BrownFlush]

Sucks to be you. Keep working, it will do you good.

No.
I got it at 62.

 

[Wally]

The Western pension fund can always make up the difference.

That's taxable too.