General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums8.7% COLA Raise Social Security 2023 - Hip Hip Hooray..
U.S. retirees see biggest Social Security hike in more than 40 years..
from Reuters and NYT..
whathehell
(29,135 posts)QED
(2,762 posts)I was debating whether to retire from teaching at the end of this year or to do one more. This helps me feel okay about this year. I'm so exhausted, I don't think I'd last another year.
asiliveandbreathe
(8,203 posts)Just hanging on..couple more years..
Be sure to check everything before retiring..hopefully you have advocates in your school system, or seminars where you can get the information you need..as a teacher I'm sure you will..if you are part of a union, they are a great resource as well..my very best to you..
QED
(2,762 posts)I'm registered for a Medicare seminar through my district next month. That's my big concern - it's so confusing! The pension thing is pretty clear - the system lays out the steps.
What am I gonna do next???
fightforfreedom
(4,913 posts)I can honestly tell you I do not regret my decision. Things are working out just fine. I do not miss work at all and financially you find a way to make things work out. Good luck in your retirement.
Deuxcents
(16,536 posts)That will effect taxes n be eaten up by the raises in Medicare n other deductibles. Im not complaining but Im not celebrating until I see the bottom line.
asiliveandbreathe
(8,203 posts)The standard premium for Medicare Part B will decrease in 2023 to $164.90 a month, $5.20 lower than this years monthly premium.
claudette
(3,647 posts)that there will be NO increase in Medicare premium. Actually, President Biden wants it reduced by $5.00. Not much but better than an increase
panader0
(25,816 posts)I'm happy to get the raise, for sure, as it will help offset inflation.
FuzzyRabbit
(1,972 posts)On top of the meager SS increases the last few years, my income is rapidly falling behind.
Mr.Bill
(24,418 posts)is about 25%.
FuzzyRabbit
(1,972 posts)Raftergirl
(1,294 posts)but havent taken SS yet, you will still see this increase in your SS when you start collecting benefits.
MLAA
(17,401 posts)Just turned 62 last month and was considering starting SS this year.
Tickle
(2,644 posts)be coming down. part A and B
Emile
(23,416 posts)Tickle
(2,644 posts)same article about SS going up. This was before it became official. in any event Medicare part A and B were going to go down about $10 on your monthly SS check.
There's still time
asiliveandbreathe
(8,203 posts)Medicares Part B standard monthly premium will fall to $164.90 in 2023, a $5.20 decrease from 2022, the Centers for Medicare & Medicaid Services (CMS) announced on Sept. 27. The open enrollment period to make any changes to next years Medicare coverage begins on Oct. 15 and goes through Dec. 7.
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