[thevillages2013]

Originally Posted by Love2Swim

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]

Originally Posted by keepsake

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]

Originally Posted by RVJim

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]

That will be nice but 7 months to go…

[Garywt]

Originally Posted by RVJim

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]

Originally Posted by Keefelane66

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]

Originally Posted by RVJim

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]

Originally Posted by Garywt

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]

Originally Posted by Rich Iwaszko

when has social security ever decreased?

This year for my 88 year old Dad.

[rustyp]

Originally Posted by Bay Kid

This year for my 88 year old Dad.

Any explanation ?

[retiredguy123]

Originally Posted by Bay Kid

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]

Originally Posted by Bay Kid

This year for my 88 year old Dad.

Originally Posted by retiredguy123

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]

Originally Posted by rustyp

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]

Originally Posted by keepsake

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]

Originally Posted by Timothyimitchell

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.