I just got my Social Security Statement 8/2025

The cost of living adjustment for 2026 will be announced in October, but don’t get your hopes up. If anything, it will be minimal.

[quote] We determined a 2.5-percent COLA on October 10, 2024. We will announce the next COLA in October 2025.

A question for the eldergays: How much do you get a month? I’m at $2,648. Thank God I get retirement money from my union as well.

Dear OP,

FUCK YOU.

Sincerely,

Your President Donald J. Trump + The Republican Party

$2,988 after deductions for income tax and Medicare part B, R3.

And r1, it will be determined using Trump's new fake White Heritage Foundation numbers.

I get $0.

But my Federal retirement pension is $11,350/mo. And it gets the same COLA that Social Security gets.

Fuck off and die, R7.

Braggart CUNT!

R8, you'd be shocked at city, state and federal pensions. There's a website that lists the pension of all NYC and NYS retired employees. It is a wonder that there is any money left in the coffers for anything else. I can't remember the name, something like debttimebomb or pensiontimebomb (I'm too tired to look it up). I worked for a NYS agency for a few months. There were many older workers there in the top tier when it came to pensions. I was shocked to learn that many were getting their pensions while still working for the state and getting paid their usual salaries. I looked at them like the avaricious, I'm taking it all Boomers that they were.

OP, is it usually Coke or Pepsi?

I just applied for Medicare Part A. I never thought this day would come. The past two or three years have been a bit of a mindfuck, like, how the hell did I get on the exit ramp. Luckily, I'm healthy, working and enjoying it, and have no financial worries, but I am a senior citizen now. I think too much about death, though.

R7, Luigi would like to have a word with you.

It surprises me how seemingly functionally intelligent people who are nearing retirement (within 10 years) are still absolutely clueless about social security and are still completely lacking financial literacy, especially with all the good resources that have been available online for over two decades.

When you try to explain basics, their eyes glaze over within 10 seconds. When you have no money except SSI at retirement, it is your own damn fault. You had decades to figure things out. Don't blame the government or society for your laziness and stupidity.

$3500

You people are rich! My widowed mother gets just $1600.

I'm 51. I'm not counting on getting anything.

Mine is $2200. I never had anything like a stunning salary, took a few years-long breaks, and retired early.

Oh, pul-eeze! I only get $1500/mo.

Consider yourselves lucky.

R15, you will. The imminent death of SSI has been a news item for decades. I do hope you are living financially wisely and investing as much as you can.

I get the maximum, which comes to about $55K a year. Not bragging, just saying that if you work hard for 50 years, delay your retirement payouts until you're 70, and then deal with the deductions for health etc, and then pay taxes on it, you're left with the maximum of about $38K, which is of course all that anyone would need to live on in America these days.

My husband is hell bent on waiting until he's 70 to collect, which is two years away, he'll get around 4200. I'll take mine early same time, for around 2600. I wish he'd take it NOW, but I can't convince him to do so.

$3642. I waited until 70.

Boomers suck.

Literally.

All of you with these enormous social security checks are sucking the life - and all of the money - out of the system.

Not only will people under 60 have to wait for longer to receive their social security money, they'll also get less, and maybe even nothing at all.

Because of you fucking Boomers.

Your generation has taken EVERYTHING, and left NOTHING for the generations that have followed you.

I cannot tell you how disgusted I am, by your generation.

r22, We've paid into the system for decades, it's ours. Politicians, specifically republicans have failed to stabilize SS by lifting the cap on SS withholdings, which would protect benefits for future retirees.

r22, Your anger is misplaced.

[quote]All of you with these enormous social security checks are sucking the life - and all of the money - out of the system.

Do you have me @ R17 blocked, R21?

Or you just pick and choose what you want to believe?

All my millennials. —SAVE

Your life will depend on it. These mafuckin MAGAs are so dangerous, I’m thinking about doing 10% each check for my 401K.

Waiting until 70 is not a wise choice. Add up what you will get from 67 to 70; then calculate how long the difference in the 67 monthly payment and the 70 monthly payment will take to reach that amount gotten from 67 to 70. It's probably about 8 to 10 years. Meanwhile, you can still work and collect after 67 without penalty. If you invest your ssi payments from 67 to 70 (it could be longer if you keep working after 70), it is about a decade of additional income in interest, dividends, appreciation and long term capital gains.

Someone pointed this out on The DL a few years ago. It was a revelation. I was planning to wait until 70, not anymore.

r27, I don't wanna work after age 65.

Me too, R28. I am done with the career at 65. I will work part-time doing anything up to the income limit maximum without affecting my social security. I am done wanting to be in charge of anything or supervising anyone. The money is great, but it is killing me at the same time. And I should note that yet another of my colleagues working past the 70-thing just had a stroke. She's been working to support her very adult children. F-that!

Soon you'll be in inundated with rebates and stimulus checks, according to my news feed.

R28 and R29, that's a different issue. You can start collecting anytime at 62 if you want. It will, of course, be a reduced amount as opposed to waiting until full retirement age, which is 67 for most of us.

I was addressing those who think it is smarter to keep working and postpone collecting until 70, the mandatory retirement age (i.e., when you must start collecting). It is not. Some of us enjoy working and enjoy our job. If so, the smart thing to do is start collecting at full retirement age, at which time you can make as much money as you want in earned income and it will not diminish your SSI with an earned income penalty.

$1,567 total monthly benefit before deductions

FUCK TRUMP

[quote]you can make as much money as you want in earned income and it will not diminish your SSI with an earned income penalty.

Please note that SSI is not SSRI.

r22, we're so sorry that you were born. But don't worry your pretty, empty head; with accelerating climate change, overpopulation, the rise of dictatorships, and likely global wars, there won't even be a world left for you to retire in, so just clam down.

I took mine at 62 because I was only working part-time and living on my tiny 10-years-a-government-worker pension and I really needed the $.

I crunched the numbers and I'll only start to lose $ from taking SS early when I hit 80, and frankly, I doubt if I'll live that long.

So I've been collecting SS for five years, and haven't regretted it yet.

My good friend, my exact same age, just applied for his benefits to start at 70 and will be getting about $3800 (pretax/deductions for Medicare, etc). I on the other hand, while not actually needing it, began withdrawing at 62, getting approx. and average of $2200 (pre).

Over an 8 year period, I've collected about $211,000 and invested it ALL in a typical "Market" ETF. It has earned approx. $120,000 during that time (Granted, the Stock Market has had an exemplary run this past decade and anyone with money, has gotten very lucky... it could have gone the other way).

So I now have a $331,000 head start over my best friend and given the difference in his SS over mine ($3800-$2200 or $1600), it will take him just over 17 years to catch up with my payout since 2017. Ouch.

That's because we are now a DIET COLA country.

I get $1906 a month, have no deductions for Medicare or for taxes. I retired at 64 and have no other income, and luckily that puts me into a low income bracket and my state (NY) provides assistance and pays the $174 per month deduction for Part A and B. Also, this amount is at a level where I don't end up owing any Federal taxes come income tax time. I also am eligible for SNAP - I get $105 a month.

On the other hand, I have about $200K in my Pension, $65K in a 401K and $17K in savings. I have not drawn a penny from the pension or 401K - holding onto that until I NEED to. When I eventually start drawing from those retirement accounts, the SNAP will be canceled and I will start paying the Medicare deduction.

R39 here - I should have mentioned that I pay less than $1000 in rent, no car, no kids, no debt, no loans. I live very frugally. After I pay rent, food, utilities, Netflix, tenant insurance, NY Times subscription, food/takeout, miscellaneous stuff, I have about $300 left over to spend.

I get $1,953.

R41 here. My housing is $1500. Utilities are $250. Groceries are about $400. I also get $2,000 from my pension.

I just applied at 66. Still working full time will get $3400 a month. I'm opting for now because who knows about the future. Or if there will be a future

R39. Living off of just over $2K a month in NY State must be a sad existence. I'm so sorry.

I retired at 62 for health reasons. I wish now that I had not. I should have worked 5 more years.

You guys made me want to check my Scoial Security account, but it's asking me for "backup codes" on the Login.gov website.

What the fuck are backup codes???

My login and password worked, but I can't finish signing in until I provide backup codes!!

As if I'm launching nuclear missiles, or something.

And it's saying that I'll have to delete my account and create a new one, if I don't have the backup codes.

Why do they have to make this shit so difficult??!!

I know, R46. It's ridiculous.

I haven't done that shit yet.

It will likely be so low that most (if not all) of the increase will be eaten up by the increase in Medicare (currently projected to go up to $206.50/mo) which is a $21.50 increase, and whatever increases you'll see in your part D plan and Medigap (if you have one).

[quote]I get $1906 a month, have no deductions for Medicare or for taxes. I retired at 64 and have no other income, and luckily that puts me into a low income bracket and my state (NY) provides assistance and pays the $174 per month deduction for Part A and B. Also, this amount is at a level where I don't end up owing any Federal taxes come income tax time. I also am eligible for SNAP - I get $105 a month.

Why are you having deductions for Part A -- it's free except in very unusual situations.

r39=Jackie on Assistance

R46, did they send you a code to your phone?

R49, the deduction for Medicare this year is $185.00. $174.00 was last year.

r52 That's for Part B. Part A is free.

Yes R53, I know that.

The deduction for Part B Medicare may be declined IF you you live outside the U.S., state that you have a source of medicare care, have no plans to return to reside in the US, and are aware or the penalties if doing should you change your mind.

I don't have Medicare, but I have to provide proof every year that I have health insurance coverage.

r45, sorry to hear that. I also retired at 62 (last year) with health issues, which became unexpectedly severe a few months later. After 5 weeks in the hospital, I was referred to Palliative Care with a very short life expectancy. I was weak, but in full acceptance mode. Decided to start receiving Social Security, just to get it set up for my partner's benefit. Dispensed with all of my personal belongings, except for a few boxes of pictures, and transferred all of my accounts and investments to him to streamline the process for him when the time comes. It was liberating.

To the delight of my amazing doctors, my diseased organs started showing signs of improvement. It's been 7 months now, and I feel much better, but nowhere near "normal". My life expectancy is much better, but not great. Have been retired now for over a year. I have no regrets and enjoy every day as it comes. You just never know.

I hope you find a way to enjoy whatever time you have with whatever financial resources you have.

Thanks, R57! Hang in there. I'm doing pretty well now. My cancer is in remission, and I had a very good report from my doctor last month. I'm on a budget, but I have everything I need. and I am comfortable. Hope things continue to improve for you.