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Message
re: Social Security could end in 2035
Posted on 5/7/24 at 8:14 pm to Bass Tiger
Posted on 5/7/24 at 8:14 pm to Bass Tiger
quote:Did you work 100 years x 2?
I have the sensible solution.....the federal thieves can cut me and sweetie a check for $1.5-2 million and we're even.
2
Posted on 5/7/24 at 8:29 pm to Diamondawg
quote:
Did you work 100 years x 2?
Hey genius, even going very conservative assuming $350 a month contribution, over 40 years, with a 9% interest (average decent mutual, many are much higher long-term) would yield roughly $1.5M.
Posted on 5/7/24 at 8:30 pm to Diamondawg
quote:
quote:I have the sensible solution.....the federal thieves can cut me and sweetie a check for $1.5-2 million and we're even.
Did you work 100 years x 2?
Worked 47 years, wife still working.
If I took both of our SS and Medicare taxes along with our employers match, which is just over 15% of our total earnings and applied a return of 5-6% annually it would be well north of $1.5 million after 47 years of compounded growth at 5-6% ......Crazy, isn't it?
This post was edited on 5/7/24 at 8:47 pm
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