Community Chat

[gertrudecloset]

I'm reading some predictions.  It's not looking like it will be a double digit, but still kind of big.  I am hopeful it will be as close to 9% as possible.  

Some sources say 8.6 - 8.7 %  The wait and wonder has begun for me!

[catter70]

Too bad we don't get to keep it. It gets eaten away by medicare, part D and supplemental.

[gertrudecloset]

---

@catter70 wrote:

Too bad we don't get to keep it. It gets eaten away by medicare, part D and supplemental.

---

Yes, some do complain about that.  My Part B Premium went up but I saw a nice net gain in my check despit the increase.  So, here's hoping.....

[gertrudecloset]

When will I know what my Social Security benefits are for 2023?

The Bureau of Labor Statistics is scheduled to announce inflation data for September on Oct. 13, and the Social Security Administration typically announces the cost-of-living adjustment issues soon after -- in some cases on the same day.

Beneficiaries should then receive letters detailing their specific benefit rate. If you miss this letter, you can still verify your increase online via the My Social Security website. The COLA goes into effect with December benefits, which appear in checks received in January 2023.  

[SouthernBee]

---

@gertrudecloset wrote:

---

@catter70 wrote:

Too bad we don't get to keep it. It gets eaten away by medicare, part D and supplemental.

---

Yes, some do complain about that.  My Part B Premium went up but I saw a nice net gain in my check despit the increase.  So, here's hoping.....

---

@gertrudecloset : Considering everything going on in the world: I chose to remain positive and count my blessings every day- any net gain is better than 0 or (-) something.

[gertrudecloset]

---

@SouthernBee wrote:

---

@gertrudecloset wrote:

---

@catter70 wrote:

Too bad we don't get to keep it. It gets eaten away by medicare, part D and supplemental.

---

Yes, some do complain about that.  My Part B Premium went up but I saw a nice net gain in my check despit the increase.  So, here's hoping.....

---

@gertrudecloset : Considering everything going on in the world: I chose to remain positive and count my blessings every day- any net gain is better than 0 or (-) something.

---

That right there is sooooo true.  Something more than I had to begin with is better than nothing.  So true @SouthernBee .  I wholeheartedly agree!

[Kachina624]

---

@catter70 wrote:

Too bad we don't get to keep it. It gets eaten away by medicare, part D and supplemental.

---

@catter70    Medicare may take some but I got a nice raise last time.

[gidgetgh]

I got a nice raise last time also.  No complaints from me. Every month, without me lifting a finger, the Social Security fairy deposits money into my account while I sleep. 

I was blissfully naive when I started drawing social security. I never realized there might be increases. 

[spiderw]

As a retiree I am grateful for my pension and Social Security.  I am able to live on my own and that is a good feeling.  I am fortunate and thankful. 

[deeva]

I never expect a COLA, so any increase is fine with me.