Changes to Social Security in 2023 including new earnings limit and COLA. www.socialsecuritylane.com/ www.financialfastlane.com/ www.martinsenwealth.com/
Funny how they say 'You can claim your benefits.' -- For most of us who worked 30 to 40 years, the Social Security is not a BENEFIT. It's money they put into the system. They should say 'You can claim your money back'.
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations. Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews . I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
While the politicians get free healthcare and a income much more than some professionals earn. We are property management by these puppets that do the bidding of the elites..If we were to cut their wealth by 50% Which will still be an astronomical number in comparison.We are the puppets for the elite..EAT THE RICH ! Let the GOLDEN AGE Commence!
Yeah I don't know why they're giving us this 6% last year and 8.7 this year.. They need to stop this.. This will stop your landlord from raising the rent...🤣
I have been on SocSec for years. Every increase was taken up by Medicare premium increase. Because the entire increase was taken every year by the Medicare premium increase, I actually lost money every year because I had to pay income tax on the increase.
@@warriormanmaxx8991 Yes, I do have another complaint: The fact that the past plundering of my finances may not be the case in 2023 does nothing to redress the wrong done to me each year for roughly a decade.
I've seen that also. Every increase is taken back by premiums so the amount of increase I see on my check is nothing. Have received same payment every since getting on social security years ago.
I agree 100%!! We earned this money by paying into social security every payday. It was called FICA tax. The say "we're getting this huge increase" however they raise something else which gives the increase back to them!!!!
U know what upset me what about widows all I ever here about the young couples what they can do for them . U know my husband paid his taxes and he died when he was only 54 but a true. I think Biden should address us as well but he doesn't or his so call vice president. When he died in 2005 I called to see if they could help me ,they said to young to b a widow and they hung up on me . And I was turned down for medicade and I'm disable only get widows pension . Saw immigrants had 2 buggies loaded Americans need to b feed to. I only have Medicare they won't give t me I'm barely making it lost my home when my husband died . Please remember we need help to
I'm a widow and I have something to say .Biden always talking 👄 about helping married couples or young people. U never here about us widows we need help as well.Biden needs to not forget us our husband payed taxes like these others what about programs got us that 900 for groceries b UT u can't get it if u don't have medicaid to
It's like when all the employees get that tiny 1% or 2% raise at work. You never see it or enjoy it because it almost covers the cost of health insurance that seems to go up every year.
If our government can send Americans taxpayers money abroad in billions and billions of dollars, i.e.,Ukraine, spend millions and millions of dollars for a candidates while millions of Americans are in poverty, homelessness, veterans in need, disabled, seniors who are in dire needs, the government cannot raise their social security benefits who worked all their lives paying for their social security!!!!!
We're receiving that 6% Last year and now 8.7% These 2 increases, are 1 of 4, OF THE Largest ever increase to SSI...ALL Due to the socialist Democratic Party of Bernie Sanders. Also his bill lowered medicare for 2023... These increases And decreases must end!!! (Don't forget to vote Republican.) These are socialist handouts, You've never paid in that amount of money.. One emergency visit with medicare could cost tens of thousands of dollars.. you never paid in that much.. Vote for Multi millionaire Republican Rick Scott And his team of 18 senators Watch him on Fox News He wants to end these socialist programs..
Wow These democratic socialist they give you 6% last year 8.7% this year... and you're complaining.. Now you want to control capitalism and what kind of profits they are allowed to make...
I understand your problem. Food is what gets me . When your health is at stake. I can't afford 1.00. For a oranges or 1.oo for an apple.. protein is very expense. You eat soup and sandwiches and reck your health. I really don't know what to do now .
The comment posted below is absolutely correct...and I noticed that you said increase, "it's only an allowance" the government allows you to have. It's not the actual amount that we should be getting on our social security. They only show part of the graph, which is the lowest increased part. It should be figured for the year not just part of it. If we received 5.9% last year, what about all the gas increases we started getting at the first of the year which takes up more than the 5.9% increase at that point. When we enter into 2023, the 8.7 increase will be sucked right back into the horses mouth through gas and food prices. We should be getting at least 10% "allowance" per sa or more.
I think we're being snookered on our payments. We receive COLAs to keep up with inflation. The SSA is aware that our payments are worth less at the end of September (at which time they declare the forthcoming increase, which this year is 8.7 percent). If we deserve an increase starting January 01, why don't we deserve an increase for the months of Sep, Oct, Nov and Dec? We should get an inflation adjusted check starting in January AND an adjustment check for the previous four months. The only reason we don't is "because you just don't" which is a typical government reason.
Vote Republican and let's get back to 1.1% social security cola increase.. And stop complaining about gas prices.. That's capitalism.. You Communist want to control capitalism and what kind of profits they are allowed to make, Go back to Russia...
@@rfbos I Retired with my Union pension,and started collecting social security at age 62... For me It's around $285 a month👍... Thank you democratic socialist Bernie Sanders.😡🤬
If you don't collect from 62 to 67, that's 60 months you didn't get ANY money If you were supposed to receive 2000$ a month, that's 120000$ (60x2000) you didn't collect Even if at 67, you will get 3000$, instead of 2000$, it'll take 10 YEARS to make up the 120000$ you didn't collect You'll be 77, by the time you "break" even But that doesn't count inflation and devaluation of money Plus you're 77 yrs old! ALSO, that's 15 years from the time you could have started collecting! Bottom line, take it at 62, even if you just invest it, there's no guarantees in life!
$113.00 Increase for me vs. $75.00 increase in my RENT. Two third's of my Soc. Sec. Income goes to RENT for a one bedroom apt. in a complex for "55 and over" seniors.
Thank you.I found this inforative.I am 60 with a N.Y. State pension & I want to retire at 62 & live in N.Y. I see I dont have to work till 68. THANKS !!!
everytime there has been an increase, most of it is taken back by some gov't agency. so no matter what they say you're going to get, you will not get for the gov't will end up getting most of it back.
This will be a disaster for seniors They will no longer qualify for food stamps, Medicare assistance, Medicare drug assistance , phone & services etc.This is not going to end well.
these ''increases'' are pitiful and are only a small bandaid on a larger problem ,,if the robber barons in charge want to give us an actual increase make it the same as the increases they have no problem rewarding themselves with
The increase is indeed sucked up by Medicare as well as income tax increase. Medicare increased a lot in 2022 why would it decrease in 2023, and we have yet to see what happens in 2023, matters not with what they say until we see what they do.
Last year I received $68 SS and before it even hit my account I got a notice that my food help would go down by $23. My rent went up $23 a month. Then the food help rewrote and it went from $99 a month on the first hit of $23 and now went down to $22 a month. So, from over $100 to now $22. I make $1,127 a month. At this salary at age 71 I get free medical and rent help and electrical and now less food. I do not have a TV nor cable and can still afford my insurance on my car. I have had to cut my insurance just this month to the basic coverage as it went up to $75 a month from $52.00. I am not complaining at all I feel very blessed but if they give us to much it takes too much away. And then I will be poverty level for sure.
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations. Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews . I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
8.7 is bs peanuts for folks on very low income how can that help when it should be min 200.00 plus most get up 4000 mount plus on retirement and ssl and for low income 689 to say 738 less it's nothing live on milk gas eggs all sky high rent u need 4 grand amonth to live now
8.7% every year? Really? You are saying the SS income for retirees is going to increase 8.7% every year? Does that mean my FICA is increasing that much as well?
Bud prepper your comment is nonsense! My working class kids make three times my Social Security income. They aren't living lavish lives at all. My new 8.7% increased income is one crisis away from total on-the-street-tapped out poverty. I only eat twice daily as it is and if things don't get better quick by mid year I will only eat one meal daily. This is how working class retirees live after a lifetime of hard work and scraping and scrounging only to have it disappear periodically because of a recession, a bubble or a pandemic. I just get so annoyed when some folks think we live high on the hog. We don't!
Is there anyway the government can sanction the grocery stores for going up on their groceries. What’s the used of these fantastic SS raises and groceries, rent, and other things are going up, up.
Hmmm. They can santion the grocery store and you as well. No way the stores are gouging you . Every time tge price of fuel goes up the cost to transport the food goes up .why the hell do you think Biden is a idiot he cant figure it out. Trump did and fuel was low tge economy was booming and all prices were reasonable. Keep voteing for democrats
I am 71 and have been working to. With no penalty for earnings and continued to put into ss. The resent increase is chump change compared to raising prices on everything today. Their increase to us isn’t that great. Thanks for trying to make them out as really working for us 😅.
My ex husband told me that American doctors intentionally infecting people with fetal diseases for financial gain, money over precious life. This is a critical problem, what is the impact.
Workers get 2% raise, and Social Security now deducts more from their income. And, they wonder why people don't want to work. America will fall because of taxes ... we are supporting too many people.
I was a otr truck driver . I worked I'm not sure if l worked enough?? But my point is I was making around 1200 every week running coast to coast finally I was forced to quit working.. what I don't understand is my benefits have not gone up other than the cost of living each year. Why do I only get 940$ amonth when I made1200.00a week???
8.7 % does not even keep up with 2022 inflation. C O L A increases have NEVER k÷pt up with inflation. So to say that 8.7 is significant is only relevant if you're saying it is significantly too little.
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations. Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews . I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
We all on social security know the small things about or claims. We're here to hear about the cola raise. Not to see someone try to explain how fica is paid or how much it is,we have already paid those dues, aka taxes. thanks for trying anyway.🤔
I plan on taking my SS benefits in September of 2023. Unfortunately, due to an influx of business and economic simpletons in positions of power in D.C. over the last couple years, between gas, utilities and food alone......my expenditures have increased about 6K a year for the last 2 years with no end in sight, until at least the 2024 "election". This increase won't put a dent in the increased amount to live that Americans have been subjected to since imbeciles were installed in office.
Because these idiots haven't a clue what its like to live on your salary. They don't increase the income cap to keep up with expenses. Working income and SS cap is $25k. You have to combine your SS with your work income. WHY? Working income should be taxed yes, but SS should NEVER be taxed or combined with SS income. That's double dipping on taxes.
This was very helpful for 2023. The 500 ways is mind boggling and distressing just hearing that. Classic government rigamarole to confuse the masses. And current Politicians trying to eliminate payments. There are other programs to take funds form. Like Military.
Last years social security increase went all to my landlords! didn't even get a dime? Now with this new 8.7 increase! My landlords are waiting for this cash dividend too! It's how they line their pockets!
Im 63 now and i took mine at 62, Got cancer at 60 made it through that, have a disable adult child that was getting ssi now he gets DAC benefits and wife gets child in care benefits. Was told the chances of cancer coming back or even getting cancer from thre raditation treatment could happen so i decided not to wait. I know 2 people that retired before me and were going to wait til full retirement age but it didnt happen.
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations. Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews . I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
That won't even buy our gas! What are we going to do? Without! Thank you for making it easy to understand. I didn't mean to be rude. I'm just concerned how I'm going to live.
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations. Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews . I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
I was born in September 1953. I started claiming Social security last year when I turned 68 i received a 8% increase. I AM NOW 69. If I stop claiming and delay receiving Social security till after I turn 70 can I increase my benefit another 8%? Appreciate your advise. Thanks.
@@jamespetz3122 That is true when you start benefits early and then want to reverse your decision during the first 12 months. But once you reach FRA you can volintarily suspend payments to allow them to earn DRC's.
@@crystalrobbinsgreen5785 i have 2 incomes in my house. My daughter is physically and mentally disabled now. I can't afford to see psychiatrists and psychologists let alone pay my medicines. Both of us disabled.
Yep the government gives a little and then different governments take it away. We haven't even gotten the COLA raise yet...not until January, but they are already taking away part of my EBT! The day after the president announced it I got the letter from EBT. They knew it was coming!
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations. Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews . I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations. Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews . I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
I'm 65 1/2 and want to draw mine at 66 1/2. Work maybe 6 more months and retire from my job. Does this upcoming increase change what I would get by 8.7% more than I was expecting based on my annual Social Security statement I get in the mail?
When I called SS, the woman said it only effects the people on SS now. Well when I looked at my account last weekend and I am in the same as you, it has included the 8.7% in my number for 66 1/2. Mine will be 2/24 Hope that helps
They will figure a way of taking it away from you. This last one my amount stayed the same because the rate went up, no raise, Just paying out more and for what. Benefits no....
Good explanations, thanks for the insight. Seems like eliminating the FICA limit altogether, or at least doubling it, would solve a lot of the whole Social Security funding issue(s). Curious as to why that’s not been considered.
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations. Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews . I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
@@maryortega4001 that's right because people are TO dam afraid of the GOVNERMENT to do anything about it so they just complain about it.seen this in my 72 years of life and it will keep going on because we the people DONT HAVE THE BALLS TO DO ANYTHING BUT(COMPLAIN)!!!
Didn't work since I received the first payment at 62 so I am in the Federal POVERTY LINE AND LOW INCOME NEED TO GET A ANSWER FOR THE RETIREMENT PLAN PAYMENT NOW PLEASE RESPOND 🙏
@terrymccoy9041 - Good Grief !! Since you are taking SS at 62 already, you are ELIGIBLE for the 8.7% increase. What part of the increase do you fail to understand ??
How much is the insurance companies going to take. They will probably come out the big winners. I think that is why they pull this off every year.. The insurance companies charge Medicare more so Medicare has to charge Seniors more. Nice game.
Every year we get one or to 2 dollars increases now is a big deal lot.s people want to be experts in the subject They should be more involved in the price of gasoline in food costs
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations. Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews . I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
Huge increase, is a joke. My poor elderly clients, will be lucky to get an extra 100.00. After working and pay SS insurance for more than 50 years. Shame on you politicians who stole from the fund and now don't want to pay it back. Time for a class action lawsuit.
Funny how they say 'You can claim your benefits.' -- For most of us who worked 30 to 40 years, the Social Security is not a BENEFIT. It's money they put into the system. They should say 'You can claim your money back'.
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations.
Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews .
I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
I couldn't have said any better. It.
Well, it's not funny. It's propaganda for ignorant, nanny-state oriented youngsters.
That's right we worked for it it's or money. They have stolen so much of our money. Such a same. Robber . Traitor. Thieves .
While the politicians get free healthcare and a income much more than some professionals earn. We are property management by these puppets that do the bidding of the elites..If we were to cut their wealth by 50% Which will still be an astronomical number in comparison.We are the puppets for the elite..EAT THE RICH ! Let the GOLDEN AGE Commence!
The minute that Social security announced that we would receive an increase, the landlord increases the rent.
😂😂yeah lol
Greedy fascists.
Yeah I don't know why they're giving us this 6% last year and 8.7 this year.. They need to stop this.. This will stop your landlord from raising the rent...🤣
And utilities and insurance.
Don't worry God will deal with them so sorry they did that to u all.
I have been on SocSec for years. Every increase was taken up by Medicare premium increase. Because the entire increase was taken every year by the Medicare premium increase, I actually lost money every year because I had to pay income tax on the increase.
@BBQDad463 - In 2023 such will NOT be the case ... will it ?? Any other complaints?
@@warriormanmaxx8991 Yes, I do have another complaint: The fact that the past plundering of my finances may not be the case in 2023 does nothing to redress the wrong done to me each year for roughly a decade.
I've seen that also. Every increase is taken back by premiums so the amount of increase I see on my check is nothing. Have received same payment every since getting on social security years ago.
I need my money.
u said it!!! property tax increases too !I its a joke!!! but!!!
I agree 100%!! We earned this money by paying into social security every payday. It was called FICA tax. The say "we're getting this huge increase" however they raise something else which gives the increase back to them!!!!
"something else" is another subject.
U know what upset me what about widows all I ever here about the young couples what they can do for them . U know my husband paid his taxes and he died when he was only 54 but a true. I think Biden should address us as well but he doesn't or his so call vice president. When he died in 2005 I called to see if they could help me ,they said to young to b a widow and they hung up on me . And I was turned down for medicade and I'm disable only get widows pension . Saw immigrants had 2 buggies loaded Americans need to b feed to. I only have Medicare they won't give t me I'm barely making it lost my home when my husband died . Please remember we need help to
@@virginiashaw5719 tell m about it!
@@virginiashaw5719 Just remember the squeaky wheel gets the oil.. apparently you're not sweeping enough to SSI....
I'm a widow and I have something to say .Biden always talking 👄 about helping married couples or young people. U never here about us widows we need help as well.Biden needs to not forget us our husband payed taxes like these others what about programs got us that 900 for groceries b UT u can't get it if u don't have medicaid to
It's like when all the employees get that tiny 1% or 2% raise at work. You never see it or enjoy it because it almost covers the cost of health insurance that seems to go up every year.
If our government can send Americans taxpayers money abroad in billions and billions of dollars, i.e.,Ukraine, spend millions and millions of dollars for a candidates while millions of Americans are in poverty, homelessness, veterans in need, disabled, seniors who are in dire needs, the government cannot raise their social security benefits who worked all their lives paying for their social security!!!!!
My Medicare part B started out amount was 94.00 monthly dollars in 2014 , now its 170.00 taking out my check monthly for my Medicare part B ☹
check "wellcare" got 125$! IF U R OVER 65.
We're receiving that 6% Last year and now 8.7% These 2 increases, are 1 of 4, OF THE Largest ever increase to SSI...ALL Due to the socialist Democratic Party of Bernie Sanders. Also his bill lowered medicare for 2023... These increases And decreases must end!!! (Don't forget to vote Republican.) These are socialist handouts, You've never paid in that amount of money.. One emergency visit with medicare could cost tens of thousands of dollars.. you never paid in that much.. Vote for Multi millionaire Republican Rick Scott And his team of 18 senators Watch him on Fox News He wants to end these socialist programs..
Not enough, everything is expensive. Prices right now is double the price. Its really hurt my pocket... FIXED INCOME...
Wow These democratic socialist they give you 6% last year 8.7% this year... and you're complaining.. Now you want to control capitalism and what kind of profits they are allowed to make...
I understand your problem. Food is what gets me . When your health is at stake. I can't afford 1.00. For a oranges or 1.oo for an apple.. protein is very expense. You eat soup and sandwiches and reck your health. I really don't know what to do now .
The comment posted below is absolutely correct...and I noticed that you said increase, "it's only an allowance" the government allows you to have. It's not the actual amount that we should be getting on our social security. They only show part of the graph, which is the lowest increased part. It should be figured for the year not just part of it. If we received 5.9% last year, what about all the gas increases we started getting at the first of the year which takes up more than the 5.9% increase at that point. When we enter into 2023, the 8.7 increase will be sucked right back into the horses mouth through gas and food prices. We should be getting at least 10% "allowance" per sa or more.
I think we're being snookered on our payments. We receive COLAs to keep up with inflation. The SSA is aware that our payments are worth less at the end of September (at which time they declare the forthcoming increase, which this year is 8.7 percent). If we deserve an increase starting January 01, why don't we deserve an increase for the months of Sep, Oct, Nov and Dec? We should get an inflation adjusted check starting in January AND an adjustment check for the previous four months. The only reason we don't is "because you just don't" which is a typical government reason.
Foods still up!! dozen of eggs is 4.55!
Vote Republican and let's get back to 1.1% social security cola increase.. And stop complaining about gas prices.. That's capitalism.. You Communist want to control capitalism and what kind of profits they are allowed to make, Go back to Russia...
8.7% is not much with what our economy is.
8.7 percent , the total increase depends how much you get. Could be a lot more that that
@@conniedeshazo3031 How could it be more? 8.7% is just that, no more and no less!
@@conniedeshazo3031 no you can't. 8.7% is just that. That's $ 8. 70 on a 100.
@@rfbos I Retired with my Union pension,and started collecting social security at age 62... For me It's around $285 a month👍... Thank you democratic socialist Bernie Sanders.😡🤬
@@republicansthatdidntvotefo1605 Actually our economy reason, is thank you to all the Republicans that didn't vote Trump And Biden won. Just saying
If you don't collect from 62 to 67, that's 60 months you didn't get ANY money
If you were supposed to receive 2000$ a month, that's 120000$ (60x2000) you didn't collect
Even if at 67, you will get 3000$, instead of 2000$, it'll take 10 YEARS to make up the 120000$ you didn't collect
You'll be 77, by the time you "break" even
But that doesn't count inflation and devaluation of money
Plus you're 77 yrs old!
ALSO, that's 15 years from the time you could have started collecting!
Bottom line, take it at 62, even if you just invest it, there's no guarantees in life!
$113.00 Increase for me vs. $75.00 increase in my RENT. Two third's of my Soc. Sec. Income goes to RENT for a one bedroom apt. in a complex for "55 and over" seniors.
Definitely the increase is accepted but not nearly enough
Thank you.I found this inforative.I am 60 with a N.Y. State pension & I want to retire at 62 & live in N.Y. I see I dont have to work till 68. THANKS !!!
Thanks man. That was enlightening
$ 141 , since 1947, cost of living has gone yo 225% . Please.
Everytime I get my increase SSA raises my Medicare part B in other words they take it right back, I never see my increase to use it !
True most years, but not in 2023.
@diannedonaldson4706 - Do you tend to complain much in daily life, too ?!?
Peanuts! That’s just terrible! How about giving back the money owed to the Americans that these greedy people stole!
AND WE THE PEOPLE OF THIS COUNTRY JUST SIT BACK,DO NOTHING BUT COMPLAIN!!! AND COMPLAIN!!!!
everytime there has been an increase, most of it is taken back by some gov't agency. so no matter what they say you're going to get, you will not get for the gov't will end up getting most of it back.
This the video i have been looking for I'm in my full retirement year 2023. thank you for explaining it very clear.
You may benefit from watching this one as well czcams.com/video/4Gpzw5wcFo4/video.html
It’s helpful but Bacon is double eggs are double bread is double coffee is very expensive. Forget a steak 🥩 it’s $30.00 raw.
I'll believe it when I see it!!
This is a joke, milk has went up 45 percent in Salem Oregon in the last 7 months. 8.7 percent is a insult of a raise.
I don’t know why there is a HUGE excitement about this raise in our social security!! ITS A SLAP IN THE FACE & A HUGE INSULT!!
Does the earnings limit increase (sliding scale) as one gets closer to FRA?
This will be a disaster for seniors They will no longer qualify for food stamps, Medicare assistance, Medicare drug assistance , phone & services etc.This is not going to end well.
these ''increases'' are pitiful and are only a small bandaid on a larger problem ,,if the robber barons in charge want to give us an actual increase make it the same as the increases they have no problem rewarding themselves with
The increase is indeed sucked up by Medicare as well as income tax increase. Medicare increased a lot in 2022 why would it decrease in 2023, and we have yet to see what happens in 2023, matters not with what they say until we see what they do.
Good info..Thanks
Last year I received $68 SS and before it even hit my account I got a notice that my food help would go down by $23. My rent went up $23 a month. Then the food help rewrote and it went from $99 a month on the first hit of $23 and now went down to $22 a month. So, from over $100 to now $22. I make $1,127 a month. At this salary at age 71 I get free medical and rent help and electrical and now less food. I do not have a TV nor cable and can still afford my insurance on my car. I have had to cut my insurance just this month to the basic coverage as it went up to $75 a month from $52.00. I am not complaining at all I feel very blessed but if they give us to much it takes too much away. And then I will be poverty level for sure.
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations.
Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews .
I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
Very good job.
Everything increases in time. Getting a 8.7% raise is better than most ppl working 😉👍
8.7 is bs peanuts for folks on very low income how can that help when it should be min 200.00 plus most get up 4000 mount plus on retirement and ssl and for low income 689 to say 738 less it's nothing live on milk gas eggs all sky high rent u need 4 grand amonth to live now
Not hardly. Last raise I received was a 35% raise , last year due to inflation.
8.7% every year? Really? You are saying the SS income for retirees is going to increase 8.7% every year? Does that mean my FICA is increasing that much as well?
Bud prepper your comment is nonsense! My working class kids make three times my Social Security income. They aren't living lavish lives at all. My new 8.7% increased income is one crisis away from total on-the-street-tapped out poverty. I only eat twice daily as it is and if things don't get better quick by mid year I will only eat one meal daily. This is how working class retirees live after a lifetime of hard work and scraping and scrounging only to have it disappear periodically because of a recession, a bubble or a pandemic. I just get so annoyed when some folks think we live high on the hog. We don't!
Good day hello I have question I'm will plan to work 2 more yrs so I will work total 8yrs can I still can claim my social at the age of 62 ? Ty.
"Great Information !!!"
The complexity is the many medicare plans to choose from some more expensive than others. Not fair for elderly who have no-one to price shop for them.
Is there anyway the government can sanction the grocery stores for going up on their groceries. What’s the used of these fantastic SS raises and groceries, rent, and other things are going up, up.
Hmmm.
They can santion the grocery store and you as well.
No way the stores are gouging you .
Every time tge price of fuel goes up the cost to transport the food goes up .why the hell do you think Biden is a idiot he cant figure it out.
Trump did and fuel was low tge economy was booming and all prices were reasonable.
Keep voteing for democrats
@@johnbissonjr5945 grow up and stop calling people names.
@@foreveryours7464 stop being greedy and learn economics
@@johnbissonjr5945 🐏
Just wait until all of this extra SNAP stops. The stores will have to raise prices just to keep the doors open.
I am 71 and have been working to. With no penalty for earnings and continued to put into ss. The resent increase is chump change compared to raising prices on everything today. Their increase to us isn’t that great. Thanks for trying to make them out as really working for us 😅.
They work for the government not us
And when they need a hunk of money they take from social sucerity and ,never pay it back
My ex husband told me that American doctors intentionally infecting people with fetal diseases for financial gain, money over precious life.
This is a critical problem, what is the impact.
Financial Fast Lane !!! Thank you for uploading this video ❤️
Workers get 2% raise, and Social Security now deducts more from their income. And, they wonder why people don't want to work. America will fall because of taxes ... we are supporting too many people.
Some people can't work
Yes, most of them illegal in the country i hope that people complain where they should not in youtub.
I received a letter from the landlord today letting me know my rent will be going up 100.00 jan 1.isnt that just lovely
Because landlords are complete scumbags.
1000 Thumbs up, Sir.
We see a lots of talk but no help so what's going on,I guess we have to wait an see the outcome,
I was a otr truck driver . I worked I'm not sure if l worked enough?? But my point is I was making around 1200 every week running coast to coast finally I was forced to quit working.. what I don't understand is my benefits have not gone up other than the cost of living each year. Why do I only get 940$ amonth when I made1200.00a week???
8.7 % does not even keep up with 2022 inflation. C O L A increases have NEVER k÷pt up with inflation. So to say that 8.7 is significant is only relevant if you're saying it is significantly too little.
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations.
Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews .
I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
We all on social security know the small things about or claims. We're here to hear about the cola raise. Not to see someone try to explain how fica is paid or how much it is,we have already paid those dues, aka taxes. thanks for trying anyway.🤔
I plan on taking my SS benefits in September of 2023. Unfortunately, due to an influx of business and economic simpletons in positions of power in D.C. over the last couple years, between gas, utilities and food alone......my expenditures have increased about 6K a year for the last 2 years with no end in sight, until at least the 2024 "election". This increase won't put a dent in the increased amount to live that Americans have been subjected to since imbeciles were installed in office.
Because these idiots haven't a clue what its like to live on your salary. They don't increase the income cap to keep up with expenses. Working income and SS cap is $25k. You have to combine your SS with your work income. WHY? Working income should be taxed yes, but SS should NEVER be taxed or combined with SS income. That's double dipping on taxes.
Great 8.7% inflation up 14.2 and still going up! Screwed again!!
Yep, I paid my dues for 50 years, into what so-called social security
This was very helpful for 2023. The 500 ways is mind boggling and distressing just hearing that. Classic government rigamarole to confuse the masses. And current Politicians trying to eliminate payments. There are other programs to take funds form. Like Military.
Last years social security increase went all to my landlords! didn't even get a dime? Now with this new 8.7 increase!
My landlords are waiting for this cash dividend too! It's how they line their pockets!
The COLA will just about pay for a COCA-COLA.
How can I find out if I supposed get more benefits Happy New Year 🎊🎈🎆
This can help www.socialsecuritylane.com/
What about ssdi? Thanks
What if you're on SSDI when you turn 62? Does it switch over to regular SS?
Im 63 now and i took mine at 62, Got cancer at 60 made it through that, have a disable adult child that was getting ssi now he gets DAC benefits and wife gets child in care benefits. Was told the chances of cancer coming back or even getting cancer from thre raditation treatment could happen so i decided not to wait. I know 2 people that retired before me and were going to wait til full retirement age but it didnt happen.
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations.
Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews .
I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
Wondering if a person works after the age of full retirement, if it’s better to keep your employment healthcare or file for Medicare.
That won't even buy our gas! What are we going to do? Without!
Thank you for making it easy to understand. I didn't mean to be rude. I'm just concerned how I'm going to live.
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations.
Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews .
I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
What about people that are 75 yrs old? Are they going to get an increase too or is that denied?
@charlenevarada-Stargazer - anyone 75 years old, will get the INCREASE also !!
Inflation is more like 16.4 I don’t know where they come up with that 8.7 I don’t believe it
The cola of 2023 8.7% is so large that I have just ordered me a new Bentley.
Trump's Boeing 757 is for sale, you may upsize your purchase with 8.7% increase...LOL
😂
@@yrot1123 👍🤣
I was born in September 1953. I started claiming Social security last year when I turned 68 i received a 8% increase. I AM NOW 69. If I stop claiming and delay receiving Social security till after I turn 70 can I increase my benefit another 8%? Appreciate your advise. Thanks.
Yes, conntact the SSA to confirm .
You have to pay everything back and ask to do a start over is what I was told
@@jamespetz3122 That is true when you start benefits early and then want to reverse your decision during the first 12 months. But once you reach FRA you can volintarily suspend payments to allow them to earn DRC's.
@ksspguam - Good Grief !! You already started accepting SS payments, now you want to pinch pennies in a complicated situation.
Too good to be true
The housing I live in will just take it away like the last time. Hud does that everytime( federal housing).
EBT has already taken away half of my so called raise...big deal!
My HUD just went up for what i am to get. So i really just gave it back to them. no extra for me.
@@crystalrobbinsgreen5785 i have 2 incomes in my house. My daughter is physically and mentally disabled now. I can't afford to see psychiatrists and psychologists let alone pay my medicines. Both of us disabled.
Yep the government gives a little and then different governments take it away. We haven't even gotten the COLA raise yet...not until January, but they are already taking away part of my EBT! The day after the president announced it I got the letter from EBT. They knew it was coming!
Yes, it went up but so did my Medicare A and B premium went up. So my SS check will be less in 2023!
What happens if I inherit Stocks from a Parent that passed. How will that effect my benefits, and what, and when, will I have to pay as Income Tax..?
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations.
Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews .
I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
Ssdi don't bother your inherentance unless you on ssi it's a difference
Is ssdi getting a partial the same check in December like ss ssi
Does collecting a private pension at 62 count towards your earnings limit?
Thank you very much. I enjoy learning from your knowledge being taught!
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations.
Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews .
I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
I'm 65 1/2 and want to draw mine at 66 1/2. Work maybe 6 more months and retire from my job. Does this upcoming increase change what I would get by 8.7% more than I was expecting based on my annual Social Security statement I get in the mail?
the increase goes to people over 62 whether you are collecting ss or not at that tme. Your next statement should show the increase in your account
When I called SS, the woman said it only effects the people on SS now. Well when I looked at my account last weekend and I am in the same as you, it has included the 8.7% in my number for 66 1/2. Mine will be 2/24 Hope that helps
@@jamessollazzo4860 great
@@donniesmith8779 Yes it does. It only makes sense otherwise people who drew it earlier would make more than people like who waited.
@@michaeltipton5500 I agree.. I knew she didn't know the rule...
They will figure a way of taking it away from you. This last one my amount stayed the same because the rate went up, no raise, Just paying out more and for what. Benefits no....
Bout time high earners started paying into social security. In fact, put it all the up to anyone who stands to benefit from social security.
Agree
Good to now.!!
Good explanations, thanks for the insight. Seems like eliminating the FICA limit altogether, or at least doubling it, would solve a lot of the whole Social Security funding issue(s). Curious as to why that’s not been considered.
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations.
Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews .
I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
This is not a big change with the cost of inflation we are still in the hole
ITS NOT OUR COUNTRIES FAULT PEOPLE, PUT THE BLAME WHERE IT BELONGS!!! BAD GOVNERMENT, BAD LEADERSHIP!!!
And too many sheep just complaning and do nothing about it.
@@maryortega4001 that's right because people are TO dam afraid of the GOVNERMENT to do anything about it so they just complain about it.seen this in my 72 years of life and it will keep going on because we the people DONT HAVE THE BALLS TO DO ANYTHING BUT(COMPLAIN)!!!
What is the monthly payment plan for a person who received payment at 62 and now 67 what is the retirement plan payment now in January please respond
Didn't work since I received the first payment at 62 so I am in the Federal POVERTY LINE AND LOW INCOME NEED TO GET A ANSWER FOR THE RETIREMENT PLAN PAYMENT NOW PLEASE RESPOND 🙏
You will get the 8.7% increase
The last point, why is 74% receiving less? Please expand on that. My sister had to pay 40.00 more!
74% receive less than they are eligible to recieve due to poor planning. There are many reasons but the most common is in starting benefits too early.
Is this cabal SSA OR Quantum QFR????
I thought if you took social security at your full retirement age and continued to work there was no penalty.
That is true. The earnings limit only applies when you take Social Security early (before FRA) and you work.
How does this affect SSDI? Please comment.
@davidhunt7249 - Have you done any personal research on ANY search engine? Or is asking questions easier.
@@warriormanmaxx8991🖕
We are in Alabama we never expect anything living in Alabama today feel like the 30s
Well done!
Is the retirement age means I can retire when I have my birthday in December or I can retire in January of the year I become the retirement age?
Because it raises some of us over the level
I’m 62 & on disability. I’m assuming it’s better for me to wait.
If you receive ssi and ssd...do you file income tax?
But Food stamps will be adjusted due to higher income and go down! What's the point!
Cost of living is already more than 8.7% increase..so we get jacked again..
i get social security and now live in Canada how much get 750 us$ how much will I get on january 1 ?
If already retired taking SS at 62, how would
It affect my MY SS now?
@terrymccoy9041 - Good Grief !! Since you are taking SS at 62 already, you are ELIGIBLE for the 8.7% increase. What part of the increase do you fail to understand ??
And they forget to mention we have been paying into it for years
How much is the insurance companies going to take. They will probably come out the big winners. I think that is why they pull this off every year.. The insurance companies charge Medicare more so Medicare has to charge Seniors more. Nice game.
Every year we get one or to 2 dollars increases now is a big deal lot.s people want to be experts in the subject
They should be more involved in the price of gasoline in food costs
On average 8.7% ;"cola" equals $145 more per month.
Depends what you're currently getting. Some it will be less.
My greatest happiness is the $75,000 by weekly profit I get consistency from my $18,500 investment despite the economic fluctuations.
Found Mrs ELIZABETH GRANEY REED portfolio online some weeks ago, it was very remarkable and I was so impressed with the reviews .
I made more than $75000 in just few weeks and I’m able to pay all my bills and I’m living happily with my family
Only 81.00 for me and EBT took 41.00 away
WHEN PEOPLE ON SS,SSI,SSDI get a raise in JANUARY 2023 OUR RENT WILL INCREASE, FOODSTAMPS WILL GO DOWN, WHERE SO WE GET AHEAD,WHERE, (WE DONT)!!!
Government needs to keep their mitts out of social security!!!!!!
The reduction in medicare premium is miniscule,about 15 $ total in a year.
Huge increase, is a joke.
My poor elderly clients, will be lucky to get an extra 100.00. After working and pay SS insurance for more than 50 years.
Shame on you politicians who stole from the fund and now don't want to pay it back. Time for a class action lawsuit.