Social Security Increase In 2023

[@Susanhartman.]

Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.

[@91ScottieP]

True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.

[@mariaguerrero08]

Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.

[@mikegarvey17]

The issue is this! Most often, those with little to no experience in the stock market attempt to buy on their own. It previously occurred to me, but I learned from it and contacted a finance expert and everything changed. I earned $370k so far in the last quarter of the year.

[@ThomasChai05]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@mikegarvey17]

@@ThomasChai05That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

[@barttfisher]

Investing in Roth IRA can be a good choice since they are funded with post-tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 5 million dollars

[@HildaBennet]

If you’re a new investor or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.

[@FinnBraylon]

That’s true, Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, , and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks

[@FinnBraylon]

Quite true! You don't necessarily need to be a flawless investor; all you need to do is seek advice from an expert. I began investing in 2020 and pulled a profit of roughly $900k that same year despite having no prior investment knowledge.

[@PennyBergeron-os4ch]

I've been considering going this route of using an advisor. Could you recommend yours?

[@FinnBraylon]

“SONYA LEE MITCHELL” is the licensed consultant. I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@GhanYt]

I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $90k more into the market. I heard people are making really great returns despite the downturn. Any recommendations? ........

[@bahijarhafiri]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $31k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@bahijarhafiri]

Definitely! All of this happened in less than a year after jenny pamogas canaya told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars........

[@WiseMoneyShow]

*The official increase amount for Social Security in 2023 has been announced!* Watch our announcement on it here: kzbin.info/www/bejne/gIenfJyDeq2UhdE

[@Dan-sj2jp]

They think they are doing a good thing by the 2023 raise . Hell why not keep it, they will take it back . Ahhh what a country.

[@aliciabenton5335]

Yes, but the part B premium also increase from $148.50 to 170.48 so they just gave them the money to pay the part B premium which was no increase at all

[@monmixer]

Correct but it depends on how much your check is as to how much it hurts or helps of course. My guess is part B will go up again if a 10% increase happens.

[@gennyolson2257]

Exactly. Slight of hands.

[@amandaboynton3295]

@@monmixer I read somewhere that the increase that happened this year with ins was a mistake and was too high so 2023 it won’t go up as much

[@monmixer]

@@amandaboynton3295 Hope you are right. I'm not far from this point. 1 more year. I will still work if I can. My Mother is 84. She is good though. I and my sister make sure she has what she needs and wants.

[@raymondbriscoe9467]

THANK YOU! I HAVE SEEN EACH PERCENTAGE AMOUNT WE RECIEVE, THAT ACTUAL AMOUNT WE WILL SEE IN OUR SS CHECK WILL ONLY BE $20.00. FEDS GIVE US 101% WE SS RECIPIENTS WILL ONLY SEE $20.00.

[@bookreader7108]

My prescription drug coverage went from $20.90 a month to $68.90 a month. It did that when we got our raise. In addition to Part B premium increasing so in reality I did not get a raise.

[@sharonrimsza7960]

Exactly! If a benefit goes up so does the cost of those benefits.

[@mmunchie69]

Ya might want to look into changing your plan. All depends on what tier the meds are on. Not a plug but I had zero costs with 4 meds on Scan Advantage plan. Also all doctor visits free. Good luck with it.

[@bookreader7108]

@@mmunchie69 Thank you

[@100perdido]

Yep. If your SS is $600 per month and you get an 8% increase, that would be about right and you're breaking even. But if your SS is $1500 per month you would get a raise of $120 per month so you would be ahead of the game.

[@carolmatthews4079]

I am not old enough to recive full retirement. I do know if you get a raise ,they take it back another way. I guess I will have to keep working if my body let me. Take Care.

[@vernonconway1469]

Congress should pass a national mandatory Rent Control and price control for all depending on Social Security monthly benefits that often can barely pay the rent for even a one bedroom Apt. anymore,plus high Utility rates,food and medical costs. Those one depending on SS,SSDI,SSI should automatically be qualified for section 8 matter where they live,and all Landlords should be mandated by federal law to except section 8 recipients from Seniors and the disabled or face huge fines in the millions for each case they reject for seniors.

[@drbassface]

Funny gas prices are going down in the 3rd quarter….hmmmm….could it be to keep Social Security and Fed Worket’s 2023 COLA LOW? If fuel costs go back up October, we’ll know their game.

[@antonioalfaro5749]

I thought I was the only one who noticed the Shell Game they have been playing for soooo Lonngg....

[@drbassface]

@@antonioalfaro5749 yep! Let’s see what happens 4th quarter.👍🏻

[@aioniansage6081]

Never thought I'd be rooting for high inflation.

[@sinebar]

That's why they wait until the last quarter to calculate the COLA. Usually in the last quarter is when inflation goes down. The problem though is most everything they don't count in the CPI stays at the inflated prices for a long time if not permanently. COLA should be calculated according to the highest inflation numbers of the year.

[@drbassface]

@@sinebar They announce it in the last Quarter, but it is definitely the THIRD QUARTER CPI that is used for the calculation.

[@sniper152]

When they give a cola, they also raise Medicare so they might as well not give any raise

[@pamelamcneill3175]

many people on ss are still working. so we are are still paying into the system.

[@susanmilburn5905]

Social security and retired get a lot more than ssi n ssdi we are not getting checks over $841 we need help this is ridiculous.

[@rossqm369]

false, I get 1300 in ssdi, ssdi can go up to $3200 roughly. I could spit on a 10% increase after 40 years of nothing de facto.

[@susanmilburn5905]

I'd love to know where you live because I'm only getting $841

[@amandaboynton3295]

Before they take out Medicare I get 1136 in ssdi.

[@bobnjeffsilvers5811]

U well

[@amandaboynton3295]

@@rossqm369 They take out )170 and change a month for my Medicare. I check my Social security account every month. After they take my Medicare out they deposit $966. Now I had to apply for a Medicare advantage plan And luckily I have no premium for that.

[@robertmartinez2368]

I have been on social security for niner years now the Increase In 2022 was only 35 dollars it was a slap in the face it didn't help at all so I don't believe anything at all that irs says

[@AmyKristine]

I will believe it when I see it

[@edrodgers4581]

Your Federal welfare check is going up. Be grateful, not bitter!

[@miikesternberg6947]

I expect to be lucky for the increase to cover the raise in Medicare. It is usually a wash.

[@gennyolson2257]

Yup. They think because we are old we are stupid.

[@edrodgers4581]

Your Federal welfare check is going up. Be grateful, not bitter!

[@NewtonWashinton]

Last year we got 5.9% when they were predicting 7 to 8% then they have the nerve to hit us with a 15% Medicare increase . So I guess we just need to see how bad we get the shaft this year.

[@dickhochella2971]

exactly.

[@brendawiener2630]

They take from you with these raises.

[@kathyjones274]

Government needs to put back the money 💰 🤑 💸 the stole from social security

[@EntrepreneurialMindset]

But what will the health insurance and supplemental insurance premium increases be? My group plan (the largest in my state) increase for this fall is 30.1% ….

[@richardrosa9364]

I understand that the SS Administration over charge the increase las year and this year can't go up.

[@monmixer]

@@richardrosa9364 Correct, may even go down a small amount.

[@SJ-zu6wh]

What about the money we over paid all year? My supplemental went up $50.00 a month last year.that is a lot for seniors.all utilities went up,cable went up I have the lowest plan they have on exfinity and it still is $188. A month,this is ridiculous!

[@monmixer]

@@SJ-zu6wh It's called the elimination of the middle class. The politicians are bought and paid for by the owners of the country. Senators and representatives are supposed to protect us from unfair corporate prices and they will not because they are all legally bribed and that is a shame. They are Bureaucrats and this is their job : an official in a government department, in particular one perceived as being concerned with procedural correctness at the expense of people's needs.

[@MrCyberife]

My 5.9% increase, turned out to be 4.7% after part b increase !

[@100perdido]

That depends on how much your monthly check is.

[@edrodgers4581]

Your Federal welfare check is going up. Be grateful, not bitter!

[@callmeJoel007]

Learning about tax-free wealth is eye-opening; this video provides invaluable insights for building financial security while minimizing tax liabilities.

[@davidfeador4125]

any idea what the earning limit will be(without penelty) in 2023?

[@robertjeffery6100]

This would be nice if prices weren’t up 30-50% on food alone Gas is double car parts are 30+% So it’s still a negative cash flow

[@richardargst157]

Robert inflation is not that high.

[@robertjeffery6100]

@@richardargst157 you can call it what you want but the numbers don’t lie I bought a brand new battery for my truck paid 129 at Walmart for it 8 months later I had a dead battery took it back had a bad cell it was under warranty but they charged me 37.00 because the price had gone up.... same wix oil filters 6.89 now 16.99 2 heads of lettuce 7.00 used to be 1.99 I could go on and on

[@richardargst157]

@@robertjeffery6100 I'm glad you aren't an economist. LOL. Your anecdotes have nothing to do with the PPI or CPI.

[@dougharlow6037]

@@richardargst157 yes it is!!!

[@lindafurroughs8216]

It won't help us it goes to social security for Medicare. Nit helping us

[@SJ-zu6wh]

Yes and everything else went up 200% so we are losing money .An increase of 200.00 a month would not be enough to get by on!

[@jeanettem.taylor9722]

9% inflation increase for 15% inflation. You all need to kill the drama saying it is a big increase!

[@rossqm369]

thank you, they are truly moronic.

[@youngnurse9994]

Nobody knows what cola is going to be until October! These people are just guessing as always 🙄. SMH

[@mmunchie69]

I think 8%.

[@caseytcat888]

Funny that you got a reply with another guess!!! 😃

[@youngnurse9994]

@@caseytcat888 Ikr 🙄 SMH

[@christinerobinson9372]

I'll believe it when I see it.

[@crazysquirrel9425]

Increase should be double and zero increase in Medicare/Medicaid premiums, copays, deductibles. If you get a 5% increase, expect your medical to increase 10%. COLA never reflects the TRUE costs of living. Like food, gasoline, utilities, similar. Regardless of the source of your income. Here is a question: Grandpa worked for a State and also worked a side job. Paid into both systems. SS mandates a full offset because of retirement from elsewhere. Is that COLA going to be offset too?

[@sarge420]

9.5-11.3% is my prediction. Wonderful. It helps with my military retirement & disability as well.

[@debbieleeday83]

Yep And my roommate raised my Rent. And I’m out of food MidMonth.

[@jascam1]

Smoke and mirrors, the government giveth with the right and the IRS and Medicare taketh with the left. So in the end we're back to grow zero. Give us the raise then reduce Medicare, then we can talk progress.

[@Dan-sj2jp]

They giveth and taketh away.

[@rebeccamyott7041]

As long as they continue to give us additional increases each year and not years without increases.

[@philipelash6146]

Social security retirement pay needs to be totally revamped, first as a society we must decide on its purpose-is it meant to provide a 'decent standard of life for all seniors elligible. Because currently its a partial supplememt based on your income level and payments made during your working years. Consrquently higher income level retirees get larger payment regardles of other income, assets or need. Like all of our social programs corporations and or the wealthy get larger benefits engineered into the program before the poor and needy get their smaller payouts in a system not made to address senior poverty or adjust for regional cost of living differences. To pass these programs it must not be considered socialism by the elite right wing. Socialism is any thing needs based which is drsigned to prevent the abject poverty a retirement pay out of 1200 month or less gauruntees. This is the level over half of seniors receive.

[@100perdido]

I think the point is that they raise it to adjust for inflation so it's supposed to stay about the same.

[@God_Fearing]

oh bet after these so called increases these last two years in 2024 and 2025 they will hit up with "cola was not increased so your check wont increase like they did in 2009 and 2011"

[@NASCARLIVE88]

That 5.9% didn't help much since my Medicare premium went from $130.00 to 180.00

[@100perdido]

Yep. If your check is $ 1000 per month you would get an increase of $59 so you are only $9 ahead in real terms.

[@billlee757]

If There Is A Next Year 2023!

[@rossqm369]

that dumb increase does not impress me one bit, it should be 50% since for the last 40 years it was less than negligible. even at 10% mine would only be 1430. I could spit on that because it should be 50% , Def for those making under 2000

[@brendawiener2630]

That increase we got was nothing! Look at the price of food!!

[@kattyhernadez7892]

have you tried doing the cash hack platform before i did cash hack just a a coupe of days a ago and a got paid $20,000 in just a coupe of hours

[@lindadavis5668]

People are afraid. Gas, food, rent, electric, and everything else is sky high. Poverty is widespread. Cars, insurance, health, dental, medicine, Vitamins, and much more.

[@ellsworthwhitehead2703]

With the prices already rising on all the monthly costs we already lost $$$!

[@jasontiver3302]

It will be better than last year, but not what a lot of people are forecasting. It will not be enough (it never is). The max will see is 7.5-8.5%. There will not be a double-digit increase.

[@RB-gt8bf]

agree...and I receive SS retirement....IMHO thinking around 7.5%..and thankful for any increase. I lived overseas in Philippines years ago while in the Air Force and saw what real poverty looks like especially for older people. So no complaints from me.

[@bradjohnson482]

@@RB-gt8bf I agree with both of you and I'm going to the Philippines in November.

[@destroygaryfunky7053]

Agree,... won't be double figures,....I'm lucky to live in Thailand so I don't feel the inflation squeeze like in America .

[@edhcb9359]

Hey, could I borrow your crystal ball when you are not using it?

[@rossqm369]

@@bradjohnson482 yikes

[@bradleyvanzile1111]

The raise was no big deal! We need it!! Media is making a big deal!!!

[@erikwahlstrom7826]

Look at the family maximum, That is not increasing. I can't figure out the dollar amount but COLA is not included in the formula.

[@andrewangelopacheco9960]

I question inflation. Is it really necessary, or is it price gouging at every level?

[@rogerhegemier8491]

Here we go again the super Rich !!! Start another inflation era !!! The rich Gets Richer, and us Poor Commoners, Just get Poorer by the Day !!! Thanks so much How Much do the rich Need !!! We are screwed As Usual !!!!

[@brendaniebel1355]

Yeah it goes up, so does our rent,food,gas, etc.

[@jimmykey6341]

We won't know until they release the information in October.

[@jackbell7533]

What good is it to get a big increase if medical takes over half of it.

[@caseytcat888]

Reports are that Medicare premiums will be affected by lower costs of an Alzheimer's medication that caused the high Medicare premium increase for this year. The Medicare premium could go down. We'll have to see how it shakes out.

[@kathleenbrewer4870]

I see around 8.5% increase wait until Oct to find out.

[@charles2675]

SSI. Isn't mentioned

[@debrasnyder9112]

How much is Medicare going up? We won't get all of that added to our check.

[@ericlaroza2485]

A gallon of gas in 1980 was $1.19. Today is $5.00. Do the math. Increase in social security benefits should be 320% for 2023 no more no less!

[@brokensoulministries4534]

But they raise the cost of medical so they are paying themselves not us.

[@Capt737AA]

Question: I’m 64 and still working… Do I have to already be taking SS to get the 10% increase you mention (or whatever the increase will be for 2023)?? Thanks for the great info on your channel!

[@rossqm369]

I wondered the same thing because if we do not, then why the fuck would I kill myself to get a PT job at 62, to be poorer?! no thanks.

[@sarge420]

Probably. I'm 64 and took it at 62. You're losing money. It takes 11yrs to break even.

[@teresatanyag8237]

No. You will get a discounted benefit. Wait until you reach your full retirement age.

[@rossqm369]

@@teresatanyag8237 you clearly did not understand his question

[@rossqm369]

@@sarge420 you did not understand his question

[@brendastrode7140]

We might of gotten a great increase. But are rent went up 9 percent.

[@memelove3640]

Bye bye food stamps for many of us...esp me

[@richcox1258]

THE INCREASE IN COLA IS NICE, HOWEVER, WHEN YOU HAVE PROPERTY MGRS. PRICE GOUGING LIKE DAVE GARBER DOES @ ALOHA GARDENS IN SARASOTA, FL. LAST YEAR I GOT A $60.00 INCREASE IN MY S.S. BUT THE PARK MGR. TOOK EVERY PENNY AS HE RAISED OUR RENT $60.00 😠

[@edhcb9359]

Trailer parks are notorious for doing that to tenants. You should have known the risks.

[@bennieshull5555]

With the part B increase I ended up owing an additional $38 a month so it ended up costing me more money. Connie Shull

[@sheryl318]

Let's hope they don't play the same game they played in 2022. Increase in SS increase in medicare premiums

[@kattyhernadez7892]

have you tried doing the cash hack platform before i did cash hack just a a coupe of days a ago and a got paid $20,000 in just a coupe of hours

[@Itanium153]

You keep on Saying 62, I am 44 stuck om a wheel chair and worked al;l my life up into recent.

[@RRb2348Z]

I bet my bottom dollar that if we get any percentage of an increase, our Medicare premiums will raise by the same amount.

[@cynthiarowe5768]

Probably more. So we will be in a deficit just like the economy.

[@edrodgers4581]

Your Federal welfare check is going up. Be grateful, not bitter!

[@loridiem6504]

when your ssi increases your food stamp decreases and gas and food is still going up so are you really getting help

[@stephenlacher587]

If you believe inflation is only 9-11%, you're still watching CNN!

[@777indigobabe]

The fact is 8% in America & around the world is as high as 62.7% ( turkey) Most have about 20%. We have it good in America. Inflation is all around the world not just America & Americans have lesss inflation than the rest of the world. It sounds like republicans always see gloom & doom. It’s so old.

[@geraldpawlicki3321]

Financial Education is so important. Good video.

[@wherethestormcloudsaregath4985]

10% is a slap in the face everything doubled so our social security should double

[@leereader8235]

You are getting a Federal welfare check. Stop complaining

[@yolandagarcia8582]

The federal government should find a plan where we can see a 125% increase in accordance with the present economy. Or at least something close to it.

[@lindarebstock8422]

So how much is Medicare going to go up? We maybe getting 10.5 percent but something is going to go up!

[@Satjr35031]

Medicare going to be flat or decrease a few dollars

[@williamingle8072]

Yes and Medicare went up to

[@williamingle8072]

I 69 years old ok

[@davidrte.664]

I am seeing a 30% increase at the grocery store and buying less.

[@lisaschwartz2706]

Ridiculous first they said 11% now 9.

[@justviewing1793]

At the end it will. E less than the 5.9 given this year. Hope I’m wrong but now gasoline and housing prices are dropping. The 3rd quarter to decide will level it. Wait and see hope I’m wrong!

[@mmunchie69]

Going to drain the fund even quicker. Bastards never should've been allowed to steal money from the fund. Started with Lyndon Johnson.

[@richardrosa9364]

You need to use aboard so you make things cleared

[@richardrastall3772]

The extra income from SS will push many from the untaxed SS to joining the club of having their SS (now in higher income bracket) taxed which would probably mean a loss

[@onlythewise1]

shouldnt tax people lik ethat rasie incie to 45 thousand

[@Satjr35031]

Richard it doesn’t work that way

[@teresatanyag8237]

You are correct specially if the SS is at the border line. A $2 increase might push it above to the next level. Many people do not understand this.

[@Satjr35031]

@@teresatanyag8237 Do you understand how the tax system works? If the two dollars takes them to say the next level say 12% they pay that on the $2 only anything under that gets taxed at the 10% rate I hope this helps to understand his our tax system works

[@onlythewise1]

so will the once a month payment for medical care rise

[@nelsschwab3315]

When you say the largest increase doesn’t mean a thing we are still getting screwed big time should be a lot more to keep up with inflation

[@leereader8235]

You are getting a Federal welfare check. Stop complaining

[@CJ-hc9ud]

It's still early. They have fooled us before.

[@dipaknadkarni62]

I am taking survivor benefits until I turn 70 when I take my benefits. Does this increase also apply to survivor benefits.

[@barrysimmons4546]

There should be no increase in SS. The program will soon be insolvent. Seniors are so greedy!

[@marlenedraperiguesswhatbot8349]

Seniors are greedy? That is bull crap. I worked most of my life and paid into SS all that time. I get $800.00 a month. YOU try living on that!

[@barrysimmons4546]

@@marlenedraperiguesswhatbot8349 You paid in very little. You paid in for others, not yourself. Now others are being taxed for your benefit. That is how welfare programs work.

[@josefinajacob4921]

WHY THEY INCREASE MEDICARE PART B PREMIUM , USED TO BE $148.50 , NOW ITS, $170 48,, AND VISION,DENTAL AND HEARING IS NOT INCLUDED, PART B, SUPPOSED TO BE FREE, I WISH!!!

[@v1-vr-rotatev2-vy_vx31]

Yes the social security raise however Medicare part b new higher costs washes out that raise almost 100%

[@mahmood302]

I will turn 62 in July 2023 and I plan to retire at 62. It seems that I would be eligible for COLA for 2023. Right? Help me please. Thanks

[@Satjr35031]

No you need to be 62 this year to get the COLA in 2023

[@justviewing1793]

Yes! You will because I turned 62 in May this year (2022) and the 5.9 cola increase was shown in my estimate. So watch your statement and you will see that they will apply it (whatever COLA increase wil be approved).

[@mahmood302]

@@Satjr35031 Thanks 🙏

[@mahmood302]

@@justviewing1793 Thank you ❤️

[@Satjr35031]

@@justviewing1793 You need to be 62 when it is announced Last year you were 61 When they announced it in Oct 21

[@jerrylance4932]

I’m 50 and want to stop working after this year. My current statement says if I continue to work until I’m 62 and make what I did last year(105,000) I’ll receive 2000/ month. But what if I stop working now and don’t contribute. My lowest 12 years average about 50,000. And those would be erased if I make more than that each of the next 12 years. But of course I want to stop working now. Do you think with the yearly increases in social security that I may still be up near 2000 if I stop contributing after this year? Or will it be considerably less?

[@rossqm369]

yes,besides you won't get shit now from SS if u retire at 50 you moro*. At 67 you ll get more than 2000 if you stop working now but have income somehow.

[@jerrylance4932]

@@rossqm369after I posted this question, I went on the my social security website and found my answer. They actually have the calculations you can punch in yourself earning $0 from 50-62 and collecting at 62. My situation calculates to $1650 per month if I do this. Also with 2 % inflation i for increases in the next 12 years I will get at least 2000 per month. And as far as being a moron, I’ve got no debt, 2 million in liquid assets, my wife is 50 collecting a pension and I’ll start collecting a 6000/ month pension at 60. I also work in a very demanding grueling job for the last 32 years and would like to enjoy the rest of my life without the physical grind.

[@justviewing1793]

@@jerrylance4932 you did the homework. It check that the calculation is based on 35 years of contribution to SS so maybe you need to work 1 more year. I had my retirement in life planned back in 2009, I had over $200 in 401k, had a 2000 pension at 62 but life turned when my husband and I lost our jobs 3 years continued paying mortgage and COBRA was too high but didn’t want to risk it if American situationa arises.. I topped 3 time the fica tax year limit in my career . I’m now 62 but I am aiming: $2000 per month. I continue working to survive but doesn’t make any difference according to ssa calculator since my current salary income is only $45k yearly! Wish you the best in your retirement plans hope you make it!!!

[@leticiaalba4787]

How can you talk about increase in 2023 when you have not finalize the increase in 2022 of $200?

[@xjumpmaster82]

I receive 100% P&T with SMC VA Disability and SS Disability for me and my kids. I currently receive $7100 a month. A 10.5% increase would be insane. That would be $8k take home a month, a $1000 raise. I can't complain but that would be insane for us who are recieving max VA and SS Disability pay.

[@tracybobinski2078]

Fuck u make in a month what I make in a year wow

[@vickieraber4003]

Yea but they take out more for part A and B so that raise don't mean nothing

[@jimmykey6341]

Based of the last 10 years of your employment.

[@gloriadooms1672]

But how much will Medicare go up.

[@Satjr35031]

Will stay flat for 2023

[@aaronfurlough7503]

If we get 10%, Medicare and supplement insurance will go up by 13%, so we can expect less money when all is said and done.

[@WiseMoneyShow]

Medicare is actually going down in 2023! Will be posting a video about it next week

[@shannonbanks1248]

1200 is not enough maybe 500 or more I can't afford rent, food and whatever else . Stamps I make to much

[@carolmatthews4079]

I will be 66 in a few month. Full SS is 66 - 1/2. I pay $500 every 3 months for Medicare. What's the use

[@leereader8235]

You are getting a Federal welfare check. Stop complaining

[@carolmatthews4079]

@@leereader8235 You did not read. I said I was on food stamps. I belive the pro life people when I was young. I am the mother of one child and have worked more than hard to care for us then. I hated food stamps and all the strerotyping I got from people like you. I started my own small business and done well. I cared for diabled Adults That too was very hard. But I kept trying. If I like welfare I would have more children like so many others. My adult Child served in the Military. RIP.

[@carolmatthews4079]

I will be 66 in a few month. I also pay $500. per month for Medicare. I worked my self off the sytem at the age of 22. Back then it was next to impossib.le

[@carolmatthews4079]

I will be the Same. I guess I will keep working as my body will allow.

[@chrisweaver7666]

It not much if you act like we getting lot money so why don't you try live on what someone on social security try say after

[@billpasaki4769]

When will we see the increase in our monthly welfare checks?

[@jr3254]

Here's how to increase that is to GET A JOB

[@doncox5449]

I am 100% p&t through the VA will be 64 in September and am considering applying for ssd is that feasible?

[@brothermatthews1300]

I hate to tell you this brother but when you received your VA benefits long ago you were eligible FOR SSDI back then. Don't wait. Apply now. Use a SSDI lawyer.

[@cfoskeeter]

Question: I am currently retired but not yet collecting. I plan to start collecting this December on my 64th birthday. I calculated what my benefit will be for December, but will I get the increase after only collecting one payment?

[@thetruthhurts7808]

Yes

[@everettcalhoun8197]

The cola is added to your December benefit which you receive in January.

[@marysheeran519]

I wish he wouldn't sound like it was the greatest thing. You know that the Part B cost will go up because of same inflation. The two are paired, and this is only part of the story.

[@catherinemauro6930]

i got an increase for 2022 and when took out stuff I ended with less???? am 86 yrs>>>

[@giovanna5980]

What will happen to Snap benefits next year if you get a big raise in SSDI

[@msteetee]

Snap will decrease… I only get $20 now while on SSDI

[@racheldent3635]

You are right

[@lolitamadrigaltownes7620]

My increase is 170 so I'll bett it will be 230 in in 2023

[@brindagreen5858]

Does this include ssdi??

[@amandaboynton3295]

SSDI gets the COLA each year too

[@tuanvo1538]

Do not raise part B and D then I believe what you said !

[@krumbleme2]

@Wise Money Show looks like you were ahead of the curb 👍🏾

[@williamingle8072]

Yes but Medicare when up to

[@williamingle8072]

If you turn 62 uou want have insure untill 65

[@giovanna5980]

1980 was 14% raise

[@larrydavid3261]

They going to take it back

[@sandraharth8489]

That sounded so good until the took 14% increase for part B premiums. Not such a big increase in the pocket of those on it.

[@thomastolbert6184]

Sandra harth,this just part of the Democrat slight of hand! They just make it look good so they can keep the voting base!

[@troyburnette2733]

Yeah but it still doesn’t pay your bills they increase they gave us the inflation each other you have nothing left if you’re like me on a fixed income struggle for month-to-month paying your bills and try and pay for groceries and I was I can’t even afford a car insurance or either so tell me what’s going to help what’s your Health is getting a stemless checks and more money each month