- 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 1:09 pm to El Segundo Guy
Posted on 2/8/23 at 1:09 pm to El Segundo Guy
quote:
I'm Gen X and am not counting on a single penny from SS. I've planned and budgeted accordingly. I hate to think of it as a sunk cost, but I've come to look at it that way.
I'm 60 and expect to collect on it as soon as I decide to stop work after 62. While I agree something has to be done, it can't be done for people within 20 years of retirment.
YTD, me (and my employer) have contributed $258,502 on my behalf. Ignoring the time value of money (which you cannot), if I retired at 62, I would be paid out in just short of 84 months (8 years) at 70 y/o.
1
Posted on 2/8/23 at 1:14 pm to AUauditor
quote:Correct.
Ignoring the time value of money (which you cannot).
But ignoring the time value of money is the only way anyone can claim you'd be "paid out" at 70y/o
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News