Quote:
Originally Posted by tadd
Getting out more than you pay in... and we wonder why SS has problems.
Take the first example. Guy says $84K over the four years of 62 vs 66.
Folks who do well and eventually hit the cap pay in ~$200K. So in 10 years (or 72) you have taken out what went in. Average age is 78.
No wonder we have problems when everyone is going an additional $80k over what was put in.
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Not sure I follow the logic. I'll be pulling many many multiple times what I put into my various retirement accounts, you know, compound interest and all that. If (both parties) of government hadn't been using the social security fund as an atm for decades the system would have no issue.