re: Speaking of Social Security

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How much into SS and Med have you and your employer paid so far? Do you think you'll get it all back?

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If you assume that 6% of every paycheck you ever received went into SS and 1.3% into Medicare, then unless you worked for the government your employer matched it, add that up and you will get...


ZERO.


You will see none of that money.

quote:

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How much into SS and Med have you and your employer paid so far? Do you think you'll get it all back?

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Yes. I’m 65 so my timeline is different than many on this board. I maxed out in the last half of my career so I will get a decent amount. Not as much as if I invested it myself. I’m not taking it until I’m at full retirement age.