Talk of The Villages Florida
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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   S/S increase Prediction (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/s-s-increase-prediction-331923/)

thevillages2013 05-12-2022 06:55 PM
Quote:
Originally Posted by Love2Swim (Post 2094812)
So the thread has gone from bashing Social Security/ government spending to bashing unions. How typical.
It’s just truth being expressed or a lesson in history. Either way a learning opportunity

RVJim 05-12-2022 07:20 PM
Quote:
Originally Posted by keepsake (Post 2094899)
8.6 on s/s -- then medicare will jump 20% -- we lose no matter what
It’s a ponzi scheme. You never lose when you (we) are getting a handout.

I earned my pension. SSI is a pyramid scheme of handouts.

Stu from NYC 05-12-2022 08:58 PM
Quote:
Originally Posted by RVJim (Post 2094926)
It’s a ponzi scheme. You never lose when you (we) are getting a handout.

I earned my pension. SSI is a pyramid scheme of handouts.
Has it faults but lots of folks depend upon it

Garywt 05-12-2022 09:44 PM
That will be nice but 7 months to go…

Garywt 05-12-2022 09:56 PM
Quote:
Originally Posted by RVJim (Post 2094926)
It’s a ponzi scheme. You never lose when you (we) are getting a handout.

I earned my pension. SSI is a pyramid scheme of handouts.
Here comes RVJim again, everyone sit down and listen.

Timothyimitchell 05-12-2022 10:33 PM
Quote:
Originally Posted by Keefelane66 (Post 2094905)
Starbucks raised prices after reporting a 31% increase in profits.

Same with Tyson, who posted $1 billion in profits last quarter — a 48% increase from the first quarter of 2021.

Get the picture?
Opportunists

Timothyimitchell 05-12-2022 10:35 PM
Quote:
Originally Posted by RVJim (Post 2094926)
It’s a ponzi scheme. You never lose when you (we) are getting a handout.

I earned my pension. SSI is a pyramid scheme of handouts.
The whole financial system is one big Ponzi scheme.

rustyp 05-13-2022 05:12 AM
Quote:
Originally Posted by Garywt (Post 2094945)
That will be nice but 7 months to go…
Actually the calculation to determine if there is a raise and how much is based solely on the inflation rate data from July Aug and Sept.

Bay Kid 05-13-2022 07:52 AM
Quote:
Originally Posted by Rich Iwaszko (Post 2094911)
when has social security ever decreased?
This year for my 88 year old Dad.

rustyp 05-13-2022 08:28 AM
Quote:
Originally Posted by Bay Kid (Post 2095064)
This year for my 88 year old Dad.
Any explanation ?

retiredguy123 05-13-2022 08:48 AM
Quote:
Originally Posted by Bay Kid (Post 2094703)
They lowered 88 year old Dad's SS this year. Only reason I got from THEM was medicare and his secondary insurance was increased. BS
The Medicare Part B premium increased, but, unless he was affected by IRMA, the Social Security income increase should have more than covered the extra premium. Any secondary insurance premium that he has is not deducted from his SS check unless he has set up an automatic payment to the secondary insurance company. That premium does not go to Medicare. I would contact the secondary insurance company and get a statement of the premium increase. Another possibility is that he was on Medicaid and they were paying his Part B premium, and he lost his eligibility for Medicaid. Just my thoughts.

rustyp 05-13-2022 09:03 AM
Quote:
Originally Posted by Bay Kid (Post 2095064)
This year for my 88 year old Dad.
Quote:
Originally Posted by retiredguy123 (Post 2095090)
The Medicare Part B premium increased, but, unless he was affected by IRMA, the Social Security income increase should have more than covered the extra premium. Any secondary insurance premium that he has is not deducted from his SS check unless he has set up an automatic payment to the secondary insurance company. That premium does not go to Medicare. I would contact the secondary insurance company and get a statement of the premium increase. Another possibility is that he was on Medicaid and they were paying his Part B premium, and he lost his eligibility for Medicaid. Just my thoughts.
Another possibility is your Dad tripped an income level point. At 88 Dad had to take a RMD of over 7%. That is reported as income. The first Medicare trip point is $91000 single filer. Over the $91K level the premium goes from $170/mo to $238. More than enough to eat up the 2022 SS raise.

retiredguy123 05-13-2022 09:13 AM
Quote:
Originally Posted by rustyp (Post 2095094)
Another possibility is your Dad tripped an income level point. At 88 Dad had to take a RMD of over 7%. That is reported as income. The first Medicare trip point is $91000 single filer. Over the $91K level the premium goes from $170/mo to $238. More than enough to eat up the 2022 SS raise.
That would be the IRMAA law.

vintageogauge 05-13-2022 11:27 AM
Quote:
Originally Posted by keepsake (Post 2094899)
8.6 on s/s -- then medicare will jump 20% -- we lose no matter what
Amen to that and the supplements and prescriptions will go up also, we'll definitely lose.

Stu from NYC 05-13-2022 11:55 AM
Quote:
Originally Posted by Timothyimitchell (Post 2094958)
The whole financial system is one big Ponzi scheme.
The entire system? Seriously?

Investing with a bit of knowledge and not being greedy is how one gets ahead investing in the long run.


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