23 Mar 2025 10:20 am
9 years, which is in line with your average expiration date...Fuelman » 25 minutes ago » wrote: ↑ $467,426
That is how much our (wife and I) labor has paid into SS over the last 45 years. Add another $113k for Medicare. That could have turned into one hell of a retirement account. The problem is, it's not a retirement account, it's a welfare program and there is no guarantee. The sooner you realize this the better off you will be.
The Wife turns 62 next January, I collected at 62 three years ago. Our combined benefit will be $52k a year. It doesn't take a rocket scientist to figure out how long before we get our money back. After that, it's the ultimate gravy train for a millionaire household.
Raising the cap will only give those high earners a larger benefit unless something else is written into the law.
I don't have the answers but something needs to change.
JuCo 5 percenter...
“Show me the man and I’ll find you the crime”
LAVRENTIY BERIA
"Try to get past your passionate ignorance and learn to accept what actually happened."
brown's unheeded words of wisdom 