The thought of retirement makes me cry. 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 to fall back on.
Remember several years ago when there was No increase? I do. Your S.S. check is based on what you put into it. Years worked, etc. It is sad when people that never saved a dime are realizing the cost of retirement. No emergency fund, etc. I wonder if they ever thought about what a gallon of milk will cost in say 10 years? Get out of debt, that is the key to your retirement.
Yea...I'm amazed that they did nothing to prepare for their retirement...no savings, no investments, no 401k. How did they think they could ever stop working and still maintain their accustomed lifestyle?
For clarity, the full retirement age earnings limit applies only to months prior to reaching full retirement age in the year you reach full retirement age. After reaching full retirement age, there is no longer an earnings limit. You can earn any amount and SS will not be reduced from there forward.
Consider doing something from home that will generate money. If you have a computer there is always a way to earn money. To get ideas please follow this channel, and Subscribe to my Side Hustle Rules UA-cam channel.
The thought of retirement makes me cry. 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 to fall back on.
Yes, I know it is very difficult. This is why I'm always advocating that older workers find a way to start a side hustle.
You are not going to lose everything
Fall back on 😮
Well yea...They retired and never saved or invested or prepared for retirement is indeed their problem. Why would that make you personally sad?
Remember several years ago when there was No increase? I do. Your S.S. check is based on what you put into it. Years worked, etc. It is sad when people that never saved a dime are realizing the cost of retirement. No emergency fund, etc. I wonder if they ever thought about what a gallon of milk will cost in say 10 years? Get out of debt, that is the key to your retirement.
You are right! Eliminating your debt before retirement is critical. Lot's of other viewers agree!
Yea...I'm amazed that they did nothing to prepare for their retirement...no savings, no investments, no 401k. How did they think they could ever stop working and still maintain their accustomed lifestyle?
For clarity, the full retirement age earnings limit applies only to months prior to reaching full retirement age in the year you reach full retirement age. After reaching full retirement age, there is no longer an earnings limit. You can earn any amount and SS will not be reduced from there forward.
based on 35 years of earnings.
Food , gas , electricity bills , n cable get up 😂😂😢😢😂😂😢😂
Yep, all the items on your list are on the rise. Thank you for watching my video.
I live in federal housing this helps me not to spend on house or appliances repairs. I also get healthcare from being a veteran.
I wish I was able to work, not well enough.
Consider doing something from home that will generate money. If you have a computer there is always a way to earn money. To get ideas please follow this channel, and Subscribe to my Side Hustle Rules UA-cam channel.
If you have a computer and an internet connection...you can work. Seems you have both.
$50 extra each month is better then them taking $50 away.
Medicare will take half of it back.
Actually it's 2.3% COLA increase
I caught that error too late. Thank you for the correction.
I disagree
Actually it’s 2.5%
Everything is going up , up 😮
Yes, everything is up!
Yes, the COLA is 2.5%. Thank you!
Why do Low? 2.5%? 😢😢😢😢😢
I know how they arrived at this paltry amount but it makes no sense.