Jump to content


  • veteranscrisisline-badge-chat-1.gif

  • Donation Box

    Please donate to support the community.
    We appreciate all donations!
  • Advertisemnt

  • 14 Questions about VA Disability Compensation Benefits Claims

    questions-001@3x.png

    When a Veteran starts considering whether or not to file a VA Disability Claim, there are a lot of questions that he or she tends to ask. Over the last 10 years, the following are the 14 most common basic questions I am asked about ...
    Continue Reading
     
  • Most Common VA Disabilities Claimed for Compensation:   

    tinnitus-005.pngptsd-005.pnglumbosacral-005.pngscars-005.pnglimitation-flexion-knee-005.pngdiabetes-005.pnglimitation-motion-ankle-005.pngparalysis-005.pngdegenerative-arthitis-spine-005.pngtbi-traumatic-brain-injury-005.png

  • Advertisemnt

  • VA Watchdog

  • Advertisemnt

  • Ads

  • Can a 100 percent Disabled Veteran Work and Earn an Income?

    employment 2.jpeg

    You’ve just been rated 100% disabled by the Veterans Affairs. After the excitement of finally having the rating you deserve wears off, you start asking questions. One of the first questions that you might ask is this: It’s a legitimate question – rare is the Veteran that finds themselves sitting on the couch eating bon-bons … Continue reading

  • 0

Cola Watch estimates for 2021 Cola


Question

  • Moderator

According to this, we are looking at "about" 1.3 percent Cola, but   It could be better, or worse!    However, most noticed food prices went up  in the past few months.  I am gonna guess 1.5 percent or better.  My guess only.   

https://militarybenefits.info/cola-increase-watch/

  • Like 3
Link to post
Share on other sites
  • Answers 5
  • Created
  • Last Reply

Top Posters For This Question

Top Posters For This Question

Popular Posts

According to this, we are looking at "about" 1.3 percent Cola, but   It could be better, or worse!    However, most noticed food prices went up  in the past few months.  I am gonna guess 1.5 percent o

Broncovet I'd take your estimate. Heck, I'd take any increase over 0%! We should be getting a firmer estimate from the Feds sometime next month for sure.  

I think many (retirees) dont get the significance of COLA.  I would explain it like this.   If you had a swimming pool, and were trying to fill it with water, you could put a hose or two in there

Recommended Posts

  • 0
  • Moderator

Broncovet I'd take your estimate. Heck, I'd take any increase over 0%! We should be getting a firmer estimate from the Feds sometime next month for sure.

 

  • Like 2
Link to post
Share on other sites

  • 0
  • Moderator

I think many (retirees) dont get the significance of COLA.  I would explain it like this.  

If you had a swimming pool, and were trying to fill it with water, you could put a hose or two in there, and fill it in a few days.  However, if you didnt stop the "pool drain", then it could take a very long time, with water both going in and out. 

Back to our retirement, we have inflation every year (or more often), and then we have Cola.  To the extent inflation exceeds our Cola, we "lose" money (in real value) each year.  

We often dont notice it every year, but, if you look at real old people, say, 90 or above, often their social security is crazy low.  I think my father's was about 300 per month.  It went up, but was still only about 500 when he died.  

Many people, when they retire, think: "Wow, I will be fine.  My social security is 1400 per month and that is PLENTY."

....Then inflation goes on a few years, and what seemed like "plenty" now feels like "poverty", and that is because Cola did not keep up with inflation.  

     My brother once said it well:

"Figure up how much you need for retirment".  Then, multiply it times 10, and you will be about right.  

  • Like 1
Link to post
Share on other sites
  • 0

The first check given out was January 31 1940 was for $22.54, in 2020 for someone at full retirement age the maximum amount is $3011. Starting Dec 2021 compute the COLA using a chained version of the consumer price index for wage and salary workers (CPI-W). We estimate this new computation will reduce the annual COLA by about 0.3 percentage point, on average. (Long Range Solvency Provisions - Social Security). All do to the (D) and (R) of the government doing (IOU) on Social Security and never paying the (IOU) back. And that is why Social Security is (BROKE) again the little working person get screw again and again just like the veteran does by the (GOVERNMENT).

Link to post
Share on other sites
  • 0
  • Moderator

I wish they would pass a law as to let all ssa retirees and ALL service connected disable veterans get a 50% discount on everything they have to  BUY like  buy clothes ,cars ,grocery's, medical bills and increase their monthly check by 50%  we all might could make it better then,,, we are actually struggling to make ends meet on SSA and VA.

HOUSE PAYMENTS AND CAR PAYMENTS ARE THE BIGGIE  WE CAN BUY USED CLOTHES AT GOODWILL STORES BUT GETTING TO BUY NEW CLOTHES WOULD BE  EVEN NICER  AND HAVING TO WATCH OUR BUDGET BUYNG GROCERY'S

  • Like 1
Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Ads

  • Ads

  • Similar Content

    • By broncovet
      According to the BLS website:
      https://www.bls.gov/news.release/cpi.htm
      Scroll down (for the CPI-W):
      While I am quoting from the BLS website, regard this as an estimate only, the official one will follow.  Therefore, my estimate is between 1.4% and 1.6%, with 1.5 percent the most likely Cola. 
      For a SINGLE 100 percent Veteran, no dependents, this amounts to a raise of $46.59 per month increase to $3152.63 .  
      Social Security recipients will also be the same:  1.5%, but, as was pointed out, our medicare premiums will go up, so we will see "less" increase in our social security checks, probably. 
    • By broncovet
      For those interested in (maybe) a compensation increase, we could find out as soon as  tommorrow, at 8:30 AM, when the Department of Labor releases the September numbers.  
      Right now we are looking at an increase of 1.4%, but that could increase, decrease, or stay the same, depending upon the numbers (CPI-W) tommorrow.  
      I will try to stay on top of it and post the numbers when I get them.  It may be helpful for some, to know if/how much of a Cola we can expect for year 2021, which begins Dec. 1, 2020.  (Social Security and Veterans benefits are paid "in arrears", which means that a pay raise effective Dec. 1, 2020 wont be reflected in our check until Jan.1, 2021.  
      Source: 
      https://www.moaa.org/content/take-action/cola-watch/
      And:
      https://www.bls.gov/schedule/news_release/cpi.htm
       
    • By broncovet
      According to this, we may get a Cola in 2021 after all!  Remember, we only have to show inflation for 3 months out of 12: July, August, and September. 
      I noticed lots of stuff is going up.  People are charging more because of Covid 19. 
      https://www.fool.com/investing/2020/07/25/good-news-you-might-get-social-security-cola-2021.aspx
      If you like charts, MOOA explains how Cola is calculated based on only the summer and fall. 
      https://www.moaa.org/Content/Take-Action/COLA-Watch
  • Ads

  • Our picks

    • Post in New BVA Grants
      While the BVA has some discretion here, often they "chop up claims".  For example, BVA will order SERVICE CONNECTION, and leave it up to the VARO the disability percent and effective date.  

      I hate that its that way.  The board should "render a decision", to include service connection, disability percentage AND effective date, so we dont have to appeal "each" of those issues over then next 15 years on a hamster wheel.  
    • Finally heard back that I received my 100% Overall rating and a 100% PTSD rating Following my long appeal process!

      My question is this, given the fact that my appeal was on the advanced docket and is an “Expedited” appeal, what happens now and how long(ish) is the process from here on out with retro and so forth? I’ve read a million things but nothing with an expedited appeal status.

      Anyone deal with this situation before? My jump is from 50 to 100 over the course of 2 years if that helps some. I only am asking because as happy as I am, I would be much happier to pay some of these bills off!
        • Like
      • 13 replies
    • I told reviewer that I had a bad C&P, and that all I wanted was a fair shake, and she even said, that was what she was all ready viewed for herself. The first C&P don't even  reflect my Treatment in the VA PTSD clinic. In my new C&P I was only asked about symptoms, seeing shit, rituals, nightmares, paying bills and about childhood, but didn't ask about details of it. Just about twenty question, and  nothing about stressor,
    • This is the latest Compensation & Pension (C&P) Clinicians Guide dated 20180719. The only other one I've seen is dated 2002, including the one on this website and the VA website. I got this from my claims agent, who got it from the VA.

      VA Compensation & Pension (C&P) Clinicians Guide 2 Final Corrected 20180719.pdf
        • Thanks
        • Like
      • 12 replies
    • I don’t say thank you enough to all of you...
      You, yes you, are the reason HadIt.com has remained a resource-rich resource. Thousands come each month to read, ask questions, or to feel a sense of community.

      Last month June 2020, we over 50k visitors they viewed over 160k pages. Veterans and their advocates, spouses, children, and friends of veterans come looking for answers. Because we have posts dating back 15 years and articles on the home page, they usually can find an answer or at least get pointed in the right direction.

      You all made that possible. Thank you.
        • Like
      • 8 replies
  • Ads

  • Popular Contributors

  • Ad

  • Latest News
×
×
  • Create New...

Important Information

{terms] and Guidelines