Crnr2Crnr Posted October 20, 2022 Share Posted October 20, 2022 (edited) https://faq.ssa.gov/en-us/Topic/article/KA-01951 Social Security benefits and Supplemental Security Income (SSI) payments for approximately 70 million Americans will increase by 8.7% in 2023. This is the annual cost-of-living adjustment (COLA). By law, federal benefits increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) no i can't honestly say I don't if it affects future generations. suck on that lemon 🍋 Edited October 20, 2022 by Crnr2Crnr Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted October 20, 2022 Gold Member Share Posted October 20, 2022 (edited) Max amount of income that is taxable is going up huge for 2023. Somebody making 160k a year they are paying almost $20k into the program. Everybody putting in deserves every bit they get. Need to raise the retirement age as everybody is living longer. https://www.ssa.gov/oact/cola/cbb.html Edited October 20, 2022 by BOHICA 1 Quote Link to comment Share on other sites More sharing options...
SkisNH Posted October 20, 2022 Share Posted October 20, 2022 Let the people 40 or under out of the program and finance the remaining people.... Imagine your financial advisor trying to sell you S.S you would laugh in his face and walk out. 2 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 20, 2022 Share Posted October 20, 2022 7 minutes ago, SkisNH said: Let the people 40 or under out of the program and finance the remaining people.... Imagine your financial advisor trying to sell you S.S you would laugh in his face and walk out. Most people have zero confidence in their own abilities to deliver. Been doing my own for over 30 years. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member ViperGTS/Z1 Posted October 20, 2022 Platinum Contributing Member Share Posted October 20, 2022 8.7% increase is a joke.....Staple items such as food has gone up 13% and energy 20% yoy. Not even enough to keep up with inflation. 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted October 20, 2022 Share Posted October 20, 2022 55 minutes ago, Crnr2Crnr said: https://faq.ssa.gov/en-us/Topic/article/KA-01951 Social Security benefits and Supplemental Security Income (SSI) payments for approximately 70 million Americans will increase by 8.7% in 2023. This is the annual cost-of-living adjustment (COLA). By law, federal benefits increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) no i can't honestly say I don't if it affects future generations. suck on that lemon 🍋 Not even sure where to begin in unpacking such an utterly dumb premise and statement such as this ^^^^^^fuck. Quote Link to comment Share on other sites More sharing options...
dsupercat Posted October 20, 2022 Share Posted October 20, 2022 If you need to rely on SS and are not disabled, or lost your savings because of an unplanned disease you didn't plan your career or savings very well. 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 20, 2022 Share Posted October 20, 2022 5 minutes ago, dsupercat said: If you need to rely on SS and are not disabled, or lost your savings because of an unplanned disease you didn't plan your career or savings very well. That’s a fairly arrogant statement. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 20, 2022 Share Posted October 20, 2022 7 minutes ago, spin_dry said: That’s a fairly arrogant statement. You live in a van. Reality is a fact. 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 20, 2022 Share Posted October 20, 2022 8 minutes ago, ArcticCrusher said: You live in a van. Reality is a fact. 1 Quote Link to comment Share on other sites More sharing options...
awful knawful Posted October 20, 2022 Share Posted October 20, 2022 54 minutes ago, ArcticCrusher said: Most people have zero confidence in their own abilities to deliver. Been doing my own for over 30 years. And you're still at it? Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted October 20, 2022 Share Posted October 20, 2022 10 minutes ago, dsupercat said: If you need to rely on SS and are not disabled, or lost your savings because of an unplanned disease you didn't plan your career or savings very well. You'd be amazed at how many people who couldn't plan their savings through no fault of their own. What about them? 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 20, 2022 Share Posted October 20, 2022 58 minutes ago, ArcticCrusher said: Most people have zero confidence in their own abilities to deliver. Been doing my own for over 30 years. Your confidence into weird shit crosses the line into science fiction. That’s been shown repeatedly here. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 20, 2022 Share Posted October 20, 2022 3 minutes ago, awful knawful said: And you're still at it? Why stop when your having a good time. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 20, 2022 Share Posted October 20, 2022 1 minute ago, spin_dry said: Your confidence into weird shit crosses the line into science fiction. That’s been shown repeatedly here. Losers like you will always be dependent on others. 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 20, 2022 Share Posted October 20, 2022 1 hour ago, Crnr2Crnr said: https://faq.ssa.gov/en-us/Topic/article/KA-01951 Social Security benefits and Supplemental Security Income (SSI) payments for approximately 70 million Americans will increase by 8.7% in 2023. This is the annual cost-of-living adjustment (COLA). By law, federal benefits increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) no i can't honestly say I don't if it affects future generations. suck on that lemon 🍋 I spend a social security payment every month with absolute impunity. I’m sorry about your luck. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 20, 2022 Share Posted October 20, 2022 3 minutes ago, ArcticCrusher said: Losers like you will always be dependent on others. Arrogant pricks like you always die in a bed of money being pissed off that they died just like a poor man. Maybe with the exception of fresh diapers. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 20, 2022 Share Posted October 20, 2022 10 minutes ago, spin_dry said: Arrogant pricks like you always die in a bed of money being pissed off that they died just like a poor man. Maybe with the exception of fresh diapers. Step away from the ledge. 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted October 20, 2022 Share Posted October 20, 2022 I’m buying more expensive cigars with my 8.7% Blow me haters. Quote Link to comment Share on other sites More sharing options...
Jerry 976 Posted October 20, 2022 Share Posted October 20, 2022 1 hour ago, ArcticCrusher said: You live in a van. Reality is a fact. 1 hour ago, spin_dry said: Quote Link to comment Share on other sites More sharing options...
SkisNH Posted October 20, 2022 Share Posted October 20, 2022 8 hours ago, ArcticCrusher said: Most people have zero confidence in their own abilities to deliver. Been doing my own for over 30 years. The point wasn't of you could self manage your retirement (see vanguard etc.) The point was how pathetic s.s is....imagine if you were talking to your advisor a d he tried to sell you this. I'm self emoyed so I fund both sides * rate of return just above historical inflation * can't take out a chunk to travel or buy that boat you've dreamed about for 35 years * if you die your heirs don't get your money the govt does. Anyone who supports keeping this system is a fucking idiot. Let anyone 40 or under out. They will still he better off in a self directed Ira. Quote Link to comment Share on other sites More sharing options...
Pete Posted October 20, 2022 Share Posted October 20, 2022 9 hours ago, ArcticCrusher said: Losers like you will always be dependent on others. Ouch.. but true Quote Link to comment Share on other sites More sharing options...
snoughnut Posted October 20, 2022 Share Posted October 20, 2022 9 hours ago, DriftBusta said: You'd be amazed at how many people who couldn't plan their savings through no fault of their own. What about them? Then there's plenty of people who are at fault and have nothing saved. I read recently that around 30% of working adults have nothing saved for retirement. Quote Link to comment Share on other sites More sharing options...
J. Jackson Posted October 20, 2022 Share Posted October 20, 2022 8 hours ago, Mainecat said: I’m buying more expensive cigars with my 8.7% Blow me haters. Nobody really gives fuck dipshit. 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted October 20, 2022 Share Posted October 20, 2022 3 minutes ago, snoughnut said: Then there's plenty of people who are at fault and have nothing saved. I read recently that around 30% of working adults have nothing saved for retirement. Thats true. They've still had mandatory payroll deductions taken out, usually for 50 years. The government took it from them, they are obligated to pay it back out at retirement. Its bad enough that they tax it again. The issue here isn't the people with nothing saved, its the government for squandering it, and busting open that lock box. And there's a reason there are COL adjustments made, because most people need them. Quote Link to comment Share on other sites More sharing options...
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