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I got my bank statement and the direct deposit for SS is…

Customer Question
I got my bank...

I got my bank statement and the direct deposit for SS is $5.00 more than Dec 2017. I didn't think we had an increase for 2018.

Accountant's Assistant: The Retirement Accountant will know how to help. Please tell me more, so we can help you best.

The bank said this a problem for SS to explain

Submitted: 5 months ago.Category: Social Security
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Answered in 10 minutes by:
2/6/2018
Social Security Expert: Barbara, Enrolled Agent replied 5 months ago
Barbara
Barbara, Enrolled Agent
Category: Social Security
Satisfied Customers: 6,415
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

Actually, there was a 2% COLA increase for 2018.

Your $5 increase is either the 2% increase or a portion thereof.

Please let me know if I can assist you further.

Thank you and best regards,

Barb

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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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