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Non-Tech : Kirk's Market Thoughts
COHR 178.34-10.2%Dec 12 9:30 AM EST
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To: w0z who wrote (2787)2/13/2015 11:41:51 AM
From: Jerome  Read Replies (1) of 26767
 
Other considerations for Social Security.Benefits...........

The COLA adjustmnet for 2015 was 1.7% and for 2014 it was 1.5% and for 2010 it was ZERO.

For the most part it does not amount to a hill of beans.

The national COLA rate is based on a working family of four. (cost of goods and services along with expected wage increases)

But retires have a very different financial needs than do working families. The net effect is that it skewers the cost of retirees to a lower level.

The U.S. Department of Labor calculates the change in the Consumer Price Index (CPI) for urban wage earners and clerical workers from the third quarter average of the previous year to the third quarter average for the current year.
It has happened in some years that inflation was much higher in the first two quarters of the year than it was in the third quarter of the year. But only the third quarter counts?

I believe that any retirees reading this post will point out that fixed costs for the retired are increasing at a much faster rate than 1.7%. (Co-Pays on medicines, transportation costs, special dietary needs, housing costs if you are renting, auto insurance costs if you are still driving, and the cost of dog food or cat food if you want some company around the house.

Just some items to calculate into scheme of things
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