Seniors

PoindexterOglethorpe

(26,897 posts)

11. Plus, even though yes, there are years when the SS increase

Sat Sep 17, 2022, 12:57 AM

Sep 2022

is taken up by Medicare increase, most years that doesn't happen.

I've been pleasantly pleased at the increase in my SS over the years.

Also, anyone who collects at the earliest possible age, doesn't understand that increases are as a percentage, and so the smaller the starting number, the lower the increases over the years. I keep on reading that the "break even" point is in the late 70s, but I actually expect it's earlier, given how the increases work.

Personally, I'm very glad I delayed collecting until I was 70.

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Social Security recipients could receive 8.7% COLA bump in 2023 as inflation soars [View all] question everything Sep 2022 OP

But US Treasury is in debt already at140 Sep 2022 #1

At the beginning of 2022, the SS Trust Fund... ret5hd Sep 2022 #2

Post removed Post removed Sep 2022 #3

At the present moment, you are wrong. Fiendish Thingy Sep 2022 #4

As Social Security retire news know, they won't actually get all of any increase.,,, dixiegrrrrl Sep 2022 #5

I have an Advantage plan and I don't have PoindexterOglethorpe Sep 2022 #7

I have an Advantage plan as well. My experience has been similar to yours. Bilateral cataract Tess49 Sep 2022 #10

Any speculation on how much the cost of medicare will rise? Tess49 Sep 2022 #6

I read that it will not go up at all. PoindexterOglethorpe Sep 2022 #8

I thought I read that too. I was hoping it wasn't just wishful thinking on my part. Tess49 Sep 2022 #9

Plus, even though yes, there are years when the SS increase PoindexterOglethorpe Sep 2022 #11

Wish I could have waited until age 70. Wasn't possible. Tess49 Sep 2022 #12