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- About JoelE238769
About JoelE238769
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@GailL1 Your math skills are on point! As is the central idea that every year the full retirement age goes up, the penalty for claiming at 62 gets slightly higher. At AARP we have been messaging about the idea that "It Pays to Wait" and the increase ...
1
Reply
0
Kudos
28788
Views
@drlindamc The short answer is that in cases where inflation is virtually non-existent, the worst thing that can happen is that there is no COLA and your benefits are unchanged. That has happened a few times in recent years, most notably post-recessi...
0
Replies
0
Kudos
28968
Views
@Agolfer The COLA increase should really be thought of as applicable to current recipients in terms of adjusting how much they were receiving this past year versus next year. For new recipients, the cost of living is built in to the formula used to c...
0
Replies
0
Kudos
28973
Views
Hi @ReTiReD51, I will tackle both of your questions, and not just because I too enjoy the Boss.
On the TRUST Act, AARP has been advocating against its passage (if you want to get involved, head over here). While we would like to see the program updat...
0
Replies
2
Kudos
30454
Views
@DJB75 The increase we are speaking about here is an increase in Social Security benefits. Your payroll taxes will stay the same (6.2% of your paycheck, or 12.4% if you are self-employed). The only change on that side of the ledger for 2022 is that ...
0
Replies
1
Kudo
10983
Views
@GailL1 Your math skills are on point! As is the central idea that every year the full retirement age goes up, the penalty for claiming at 62 gets slightly higher. At AARP we have been messaging about the idea that "It Pays to Wait" and the increase ...
1
Reply
0
Kudos
28788
Views
@drlindamc The short answer is that in cases where inflation is virtually non-existent, the worst thing that can happen is that there is no COLA and your benefits are unchanged. That has happened a few times in recent years, most notably post-recessi...
0
Replies
0
Kudos
28968
Views
@Agolfer The COLA increase should really be thought of as applicable to current recipients in terms of adjusting how much they were receiving this past year versus next year. For new recipients, the cost of living is built in to the formula used to c...
0
Replies
0
Kudos
28973
Views
Hi @ReTiReD51, I will tackle both of your questions, and not just because I too enjoy the Boss.
On the TRUST Act, AARP has been advocating against its passage (if you want to get involved, head over here). While we would like to see the program updat...
0
Replies
2
Kudos
30454
Views
@DJB75 The increase we are speaking about here is an increase in Social Security benefits. Your payroll taxes will stay the same (6.2% of your paycheck, or 12.4% if you are self-employed). The only change on that side of the ledger for 2022 is that ...
0
Replies
1
Kudo
10983
Views
@GailL1 Your math skills are on point! As is the central idea that every year the full retirement age goes up, the penalty for claiming at 62 gets slightly higher. At AARP we have been messaging about the idea that "It Pays to Wait" and the increase ...
1
Reply
0
Kudos
28788
Views
@drlindamc The short answer is that in cases where inflation is virtually non-existent, the worst thing that can happen is that there is no COLA and your benefits are unchanged. That has happened a few times in recent years, most notably post-recessi...
0
Replies
0
Kudos
28968
Views
@Agolfer The COLA increase should really be thought of as applicable to current recipients in terms of adjusting how much they were receiving this past year versus next year. For new recipients, the cost of living is built in to the formula used to c...
0
Replies
0
Kudos
28973
Views
Hi @ReTiReD51, I will tackle both of your questions, and not just because I too enjoy the Boss.
On the TRUST Act, AARP has been advocating against its passage (if you want to get involved, head over here). While we would like to see the program updat...
0
Replies
2
Kudos
30454
Views
@DJB75 The increase we are speaking about here is an increase in Social Security benefits. Your payroll taxes will stay the same (6.2% of your paycheck, or 12.4% if you are self-employed). The only change on that side of the ledger for 2022 is that ...
0
Replies
1
Kudo
10983
Views
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Public Statistics
| Date Registered | 09-30-2021 12:17 PM |
| Last Visited | 09-29-2025 11:51 AM |
| Total Messages Posted | 8 |
| Total Kudos Received | 7 |