Sunday, December 20, 2009

Stimulus Effects for Retirees

The Federal Government has issued the Cost of Living Allowance (COLA) adjustment figures for Social Security and military retirees. Here you go:
Social Security.
Cost of Living increase = 0%.
Cost of Medicare Part B goes from $96.50 to $110.50.
Net Benefit to seniors = -$14.00.

Military Retirees.
Cost of Living increase = 0%.
Tax increase due to stimulus = $10.
Net benefit to military retirees = -$10.

How's that hope and change working out so far?
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3 comments:

  1. camojackMonday, December 21, 2009 12:18:00 AM

    I still plan to retire no later than 6 years from the end of this month...

    ReplyDelete
  2. Hawkeye®Monday, December 21, 2009 9:46:00 AM

    Rick,
    C'mon! What are you talking about? Obama said he would not raise our taxes "not one single dime"! Are you calling Obama a liar??

    (:D) Best regards...

    ReplyDelete
  3. Pat's Rick©Friday, December 25, 2009 1:37:00 AM

    Camojack
    I wish you well, my brother.

    Hawkeye
    Do I look like Joe Wilson? Obama simply redefined who "the wealthy" are.

    ReplyDelete