re: Social Security - Help me understand better

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They say the public would not be as responsible if it was self directed… but I guarantee you I did NOT borrow from my 401 before retirement..

My opinion.. leave my investment alone politicians and fix what you broke…. Btw… how is that Washington politician retirement and medical looking.. let’s cut that!

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I’ve run the numbers but I’ll do it again. If you take the typical two income middle class household with a couple in their early 60’s, they have earned over that + 40 year period easily over $3 million…..that’s averaging roughly $75k annually.

Now take $3million x .153 = $460k (.153 is the combined tax rate of employee and employer for Social Security and Medicare)

That’s ^^^^^ the amount of Social Security and Medicare taxes paid by this married couple during their working lives, now imagine if that $460k were in a restricted investment, (restricted meaning you have no access to the investment until you are of retirement age) if that money was in a simple bond fund or treasuries or a broad S+P/Dow mutual fund, with an annual return of 4-5% the investment would have grown to well over $1 million dollars by the time that couple retired.