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Cisco
Ultra Nomad
Posts: 4196
Registered: 12-30-2010
Member Is Offline
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Any Nomads on Social Security?
Prices actually have dropped from a year ago, according to the inflation measure used for the COLA.
http://news.yahoo.com/falling-gas-prices-means-no-social-sec...
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Udo
Elite Nomad
Posts: 6343
Registered: 4-26-2008
Location: Black Hills, SD/Ensenada/San Felipe
Member Is Offline
Mood: TEQUILA!
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Yes!
Udo
Youth is wasted on the young!
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skippermike
Nomad
Posts: 108
Registered: 3-27-2009
Location: San Diego
Member Is Offline
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No Raise This Year
My lovely wife pointed out to me this AM, as we were reading the Sunday paper - no raise this January, because the price of gas is down.
Well, OK but our water bill is up because we all used less water.
And our electric bill is up because of do-gooders on solar, and because we ran our A/C last month.
How to win??
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monoloco
Elite Nomad
Posts: 6667
Registered: 7-13-2009
Location: Pescadero BCS
Member Is Offline
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How are "do gooders" on solar making your rates higher?
"The future ain't what it used to be"
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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Don't ask.
"YOU CAN'T LITTER ALUMINUM"
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SFandH
Elite Nomad
Posts: 7084
Registered: 8-5-2011
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I looked into the history of the computation of the particular CPI that the social security COLA is based upon. The way it is computed is changed
frequently. I don't think it's incorrect to say it is manipulated to minimize COLAs.
Here are a couple of examples I remember:
The cost of durable goods like washers and dryers are considered. One year there was a significant increase in their cost but the increase did not
affect the CPI. Why? Because in that year manufacturers replaced dials with push button controls. It was determined that consumers derived benefits
from the change and therefore the price increase was not included.
Another example. One year there was a significant increase in the price of a pound of ground sirloin steak, which was an item tracked. The CPI did not
increase because it was decided that the reasonable consumer would no longer buy sirloin and instead would buy a pound of ground chuck. In other words
they replaced a pound of sirloin with a pound of a cheaper cut when computing the CPI.
It's rigged folks. I really doubt there will be significant increases in social security, regardless of inflation, unless tax revenues increase to pay
for it.
[Edited on 10-12-2015 by SFandH]
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bajaunbob
Newbie
Posts: 13
Registered: 1-26-2015
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Let's just hope the usd keeps rising vs the mxn peso to make up for no raise in our SS benefit.
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bajabuddha
Banned
Posts: 4024
Registered: 4-12-2013
Location: Baja New Mexico
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Mood: Always cranky unless medicated
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HOW long have you been in Mexico? Haven't you noticed, every time the peso devalues, the price tags go up in the stores? As in, same day? Keep
dreamin'..... death and taxes. Grandma said, "Cheer up, 'cause things will get worse"....
So I did, and they did. You actually think you're gonna get ahead, or just break even, huh.  
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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pauldavidmena
Super Nomad
Posts: 1712
Registered: 5-23-2013
Location: Centerville, MA, USA
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This question is very pertinent to me, not because I'm getting SS now, but because I plan to do so as soon as I turn 62 (6 years). My wife, a year
younger than me, will likely continue to work and won't draw against her Social Security until she's 67.
In any event, the manipulation of the COLA seems very plausible to me. When I first started working in the computer industry, thinking I was making
big money, I received a COLA bump and thought I had hit the lottery - until I was informed that my increase brought me in line with the starting
salary for new graduates out of college.
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bacquito
Super Nomad
Posts: 1615
Registered: 3-6-2007
Member Is Offline
Mood: jubilado
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I get SS but it has always bothered me that I am penalized because I get local gov't retirement (County retirement) and SS based on my years working
in the private sector. I am considered a "Double Dipper" and therefore my SS benefits are reduced. I protetested but it did no good
bacquito
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bajabuddha
Banned
Posts: 4024
Registered: 4-12-2013
Location: Baja New Mexico
Member Is Offline
Mood: Always cranky unless medicated
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I have SS Disability, and even with the last COLA just my rider health insurance (PPO plan) went up in cost and co-pays more than the COLA did. This
year's no difference; monthly rate stays the same, but major copays up over $100 a month more a pop. In 7 years the premium payment (on top of the
already-deducted Medicare withdrawl) went from $35/mo. to now $85. COLA did not. Some 'trickle theory', huh? But, I guess we should all just be
thankful that all we put in is at least still a drop in the bucket, that's running dry.
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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sargentodiaz
Nomad
Posts: 259
Registered: 2-20-2013
Location: Las Vegas, NV
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Quote: Originally posted by bajabuddha  | | I have SS Disability, and even with the last COLA just my rider health insurance (PPO plan) went up in cost and co-pays more than the COLA did. This
year's no difference; monthly rate stays the same, but major copays up over $100 a month more a pop. In 7 years the premium payment (on top of the
already-deducted Medicare withdrawl) went from $35/mo. to now $85. COLA did not. Some 'trickle theory', huh? But, I guess we should all just be
thankful that all we put in is at least still a drop in the bucket, that's running dry. |
Like all that Hope and Change?
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline
Mood: thriving in Baja
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Even though we seldom get a raise in our annual benifit amount that doesn't stop the Feds from increasing the amountcontributed by emploers and
employees every year:
"Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) program limits the amount of earnings subject to taxation for a given year.
The same annual limit also applies when those earnings are used in a benefit computation. This limit changes each year with changes in the national
average wage index. We call this annual limit the contribution and benefit base. For earnings in 2015, this base is $118,500.
The OASDI tax rate for wages paid in 2015 is set by statute at 6.2 percent for employees and employers, each. Thus, an individual with wages equal to
or larger than $118,500 would contribute $7,347.00 to the OASDI program in 2015, and his or her employer would contribute the same amount. The OASDI
tax rate for self-employment income in 2015 is 12.4 percent."
Bob Durrell
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toneart
Ultra Nomad
Posts: 4901
Registered: 7-23-2006
Member Is Offline
Mood: Skeptical
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Let's be thankful that FDR initiated Social Security! If you are Republican and identify with the rich, then you can hate FDR and refuse to take
Social Security. Come on...walk the walk! 
Feel The Bern. 
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Sweetwater
Senior Nomad
Posts: 915
Registered: 11-26-2010
Member Is Offline
Mood: chilly today hot tomale
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Social Security and MediCare.
I hear people rail consistently against them.
But, when they qualify by earning the benefit by fulfilling the contract, not one of them walks away without claiming them.
Everbody\'s preachin\' at me that we all wanna git to heaven, trouble is, nobody wants to die to git there.-BB King
Reality is what does not go away when you stop believing in it. -Philip K Dick
Nothing is worse than active ignorance. Johann Wolfgang von Goethe(1749-1832, German writer, artist and politician)
When choosing between two evils, I always like to try the one I\'ve never tried before. - Mae West
Experience is what keeps a man who makes the same mistake twice from admitting it the third time around.
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MrBillM
Platinum Nomad
Posts: 21656
Registered: 8-20-2003
Location: Out and About
Member Is Offline
Mood: It's a Zip-a-Dee-Doo-Dah Day
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Claiming BACK your own Money
To say that someone shouldn't want to have returned to them the money confiscated by Government edict is contrary to
Conservatism is pretty Stupid.
On the contrary, allowing the government to keep ANY of it would be a Liberal view.
Of course, the Liberals "might" think in those terms because, thanks to THEM, there are SO MANY people drawing from the fund who didn't contribute
sufficient (or any) amounts into that account.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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Social Security withdrawals from wages are a zero interest loan to the government.
"YOU CAN'T LITTER ALUMINUM"
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline
Mood: thriving in Baja
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| Quote: Originally posted by toneart | Let's be thankful that FDR initiated Social Security! If you are Republican and identify with the rich, then you can hate FDR and refuse to take
Social Security. Come on...walk the walk!
Feel The Bern. |
FDR WAS OK BUT ELEANOR WAS A b-tch
Bob Durrell
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bajabuddha
Banned
Posts: 4024
Registered: 4-12-2013
Location: Baja New Mexico
Member Is Offline
Mood: Always cranky unless medicated
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Just had to turn out to be a partisan pizzing match, and still on page one.
NOMANIA STRIKES AGAIN. Just can't lay off.
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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wessongroup
Platinum Nomad
Posts: 21152
Registered: 8-9-2009
Location: Mission Viejo
Member Is Offline
Mood: Suicide Hot line ... please hold
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My parents lived in the era of the "poor house" ... which wasn't all that good for some
Better than a sharpe stick in the eye ... SS that is 
[Edited on 10-12-2015 by wessongroup]
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