- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Social Security - Help me understand better
Posted on 2/8/23 at 1:46 pm to FMtTXtiger
Posted on 2/8/23 at 1:46 pm to FMtTXtiger
Ponzi scheme run by the government propped up on endless taxes. The end.
0
Posted on 2/8/23 at 2:15 pm to FMtTXtiger
quote:live to be 300 years old
how do you get more SS payout than you put in?
Posted on 2/8/23 at 2:32 pm to FMtTXtiger
its a ponzi scheme.
ps. those illegals you see running across the road at san diego and swimming the Rio Grande will all have 4.8 kids.
ps. those illegals you see running across the road at san diego and swimming the Rio Grande will all have 4.8 kids.
Posted on 2/8/23 at 6:27 pm to FMtTXtiger
$1000 invested in the stock market 40 years ago would be about $36,000 today at the market's average growth rate of 9%.
$1000 invested in the SS "Trust Fund" 40 years ago comes out to about $2,200 at the "Trust Fund" interest rate of about 2%. Inflation has averaged about 4% over the last 40 years.
$1000 invested in the SS "Trust Fund" 40 years ago comes out to about $2,200 at the "Trust Fund" interest rate of about 2%. Inflation has averaged about 4% over the last 40 years.
Posted on 2/8/23 at 8:00 pm to FMtTXtiger
No one is going to beat Ida May Fuller, (at least on a percentage basis).
The first Social Security recipient, Ida May Fuller
The first Social Security recipient, Ida May Fuller
quote:
On January 31, 1940, the first monthly retirement check was issued to Ida May Fuller of Ludlow, Vermont, in the amount of $22.54. Miss Fuller, a Legal Secretary, retired in November 1939. She started collecting benefits in January 1940 at age 65 and lived to be 100 years old, dying in 1975.
Ida May Fuller worked for three years under the Social Security program. The accumulated taxes on her salary during those three years was a total of $24.75. Her initial monthly check was $22.54. During her lifetime she collected a total of $22,888.92 in Social Security benefits.
Posted on 2/9/23 at 5:54 am to FMtTXtiger
Depends on how long you live. With people living longer these days they get more out than they put in
Posted on 2/9/23 at 7:21 am to FMtTXtiger
It really doesn’t much how long or how much you paid in. The max is about $3400 and I suspect the average is $1500 or so. So in reality a some people will get a lot more than they paid in while a lot will never get what they paid in.
This post was edited on 2/9/23 at 7:28 am
Posted on 2/9/23 at 7:23 am to FMtTXtiger
Maybe Ukraine will lend us some money.
Posted on 2/9/23 at 11:23 am to FMtTXtiger
First off... it is a government program and NONE of us have a personal retirement savings account there. People think that the money they and their employer pay in (roughly 7%) is their money for retirement. It is not! The government has complete control of it.
Now... If someone is disabled or lives a long time after drawing benefits, they could possibly receive more than they pay in. I have no reason to think this will be me. I won't get back more than I pay in until I hit 80.
Now... If someone is disabled or lives a long time after drawing benefits, they could possibly receive more than they pay in. I have no reason to think this will be me. I won't get back more than I pay in until I hit 80.
Posted on 2/9/23 at 11:25 am to FMtTXtiger
It's just another tax.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News