Quote:
Originally Posted by wdfifteen
Your social security report has your total contributions on it. It's fairly easy to compare your annual payout to what you paid in. For me the "break even" is 2.65 years.
Of course that simple calculation ignores the question of what you would have done with the money if you had been able to take it as salary.
The first thing you would have done is pay income tax on it.
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Just to be clear, Patrick....you are saying that in just 2.5 years......you would get the total amount of all you paid into SS for your entire life?