Domain: tiger-web1.srvr.media3.us Social Security increase Jan.1st 2023 | Money Talk
Page 1
Page 1
Started By
Message

Social Security increase Jan.1st 2023

Posted on 11/29/22 at 1:23 pm
Posted by Sal Minio
17th Street Canal
Member since Sep 2006
4462 posts
Posted on 11/29/22 at 1:23 pm
I received a letter today from the SSA stating that I will be getting an increase of 8.7% in my SSA check starting this Jan.1st 2023. They show the amount I am getting now and then the new amount which is almost $200 LESS than I am getting now. Anyone else come across this? Could they be this inept?
Posted by LSUcam7
FL
Member since Sep 2016
8860 posts
Posted on 11/29/22 at 1:26 pm to
Medicare premiums being taken out? Did you turn 65 this year?
Posted by Sal Minio
17th Street Canal
Member since Sep 2006
4462 posts
Posted on 11/29/22 at 1:35 pm to
quote:

Medicare premiums being taken out? Did you turn 65 this year?



No, I am older.
Posted by Sal Minio
17th Street Canal
Member since Sep 2006
4462 posts
Posted on 11/29/22 at 1:43 pm to
quote:

Medicare premiums being taken out?


It could be this.
Posted by BThibodeaux
Member since Jun 2005
152 posts
Posted on 11/29/22 at 2:06 pm to
I believe 2023 Medicare premiums are scheduled to go down by 3% but IRMAA’s may have risen based on personal income.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
32959 posts
Posted on 11/29/22 at 2:37 pm to
#BoomerProblems

Us millennials and Gen Z folks will never see a dime of SS bc boomers are getting increases above inflation and drawing SS for too long
Posted by Niner
Member since Apr 2019
2033 posts
Posted on 11/29/22 at 3:56 pm to
quote:

IRMAA’s may have risen based on personal income
Just had a client of mine have this happen. Inherited a bunch of annuities in '21 and so it inflated her typically low income. Now she's stuck paying more until they look back at '22 or later...
Posted by el Gaucho
He/They
Member since Dec 2010
58683 posts
Posted on 11/29/22 at 4:08 pm to
You’re welcome baw

Us millenials will keep picking taxes for you boomers and gen x folks
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
137588 posts
Posted on 11/29/22 at 6:40 pm to
quote:

Us millennials and Gen Z folks will never see a dime of SS bc boomers are getting increases above inflation and drawing SS for too long


You'll be fine. You have bitcoin. Are you suggesting older people die sooner? Let's not forget many of those folks actually contributed for 40 years.
Posted by armsdealer
Member since Feb 2016
12287 posts
Posted on 11/29/22 at 6:57 pm to
My kid is getting a whopping $35 on his disability. We won't qualify next year anyhow but still, we just got him on so he could get in line for respite care. It takes a LONG time to move up that list.
Posted by Auburn1968
NYC
Member since Mar 2019
25575 posts
Posted on 11/30/22 at 9:32 am to
quote:

Let's not forget many of those folks actually contributed for 40 years.


Over those 40+ years, inflation has averaged around 4% while the SS "Trust Fund" pays around 2% interest. And along came Biden and his merry band of Marxist hens.
Posted by johnadams1776
florida
Member since Jun 2021
479 posts
Posted on 12/1/22 at 12:23 pm to
give me back all the money the govt stole from me for the past 50 years, get rid of medicare,ssi,food stamps,welfare etc. i would be good with that!
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
137588 posts
Posted on 12/1/22 at 2:00 pm to
quote:

medicare,ssi,food stamps,welfare etc.



All those programs are 80% fraud. All of them need completely overhauled.
Posted by Grievous Angel
Tuscaloosa, AL
Member since Dec 2008
10786 posts
Posted on 12/1/22 at 9:45 pm to
quote:

boomers are getting increases above inflation


Certainly doesn't help curb inflation.

The working people are definitely not getting 8 percent increases across the board.
Posted by slackster
Houston
Member since Mar 2009
91483 posts
Posted on 12/1/22 at 10:12 pm to
quote:

Just had a client of mine have this happen. Inherited a bunch of annuities in '21 and so it inflated her typically low income. Now she's stuck paying more until they look back at '22 or later...


You can request a waiver, but she may not qualify.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram