- 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
Social Security Summary
Posted on 7/9/26 at 3:23 pm
Posted on 7/9/26 at 3:23 pm
I am not eligible to withdraw Social Security but just got my summary statement. I’m not sure what the frequency is supposed to be on these mailed out but it seems like I have received one about every 5 years. To date it looks like between my employer and I, about $500K has been paid in Social Security taxes over my lifetime. If I choose to withdraw at 62, I will receive less than $3K per month. What a bargain! 
24
Posted on 7/9/26 at 3:24 pm to Ramblin Wreck
Sounds like a scam.
Posted on 7/9/26 at 3:27 pm to Ramblin Wreck
How long do you plan to live?
Posted on 7/9/26 at 3:27 pm to Ramblin Wreck
Meanwhile if you had deposited that money into an ETF like VOO you'd be up tenfold over what the ponzi scheme is paying you.
Posted on 7/9/26 at 3:29 pm to Ramblin Wreck
What a joke.
Posted on 7/9/26 at 3:30 pm to Ramblin Wreck
without knowing your age, we can't really say much about it. if you're 60, that's a good deal for you except you can't leave any of it to your family. if you're 30, that's a terrible deal.
Posted on 7/9/26 at 3:31 pm to Ramblin Wreck
Full retirement age is 67.
If you live to be 92 Social Security would have paid you 1,080,000.
If you live to be 92 Social Security would have paid you 1,080,000.
Posted on 7/9/26 at 3:37 pm to rrboy
This guy maths!
Posted on 7/9/26 at 3:42 pm to rrboy
quote:Or if I was able to just be given the $500K now in exchange for not demanding any interest on 40 years of having my money held, the $500K would double in 10 years if the S&P 500 continued at historical rates.
If you live to be 92 Social Security would have paid you 1,080,000.
Posted on 7/9/26 at 3:43 pm to Ramblin Wreck
The largest legal Ponzi scheme going.
Posted on 7/9/26 at 3:51 pm to PsychTiger
quote:
Sounds like a scam.
It absolutely is
Posted on 7/9/26 at 3:52 pm to rrboy
quote:
Full retirement age is 67.
If you live to be 92 Social Security would have paid you 1,080,000.
Only about 15% of the male population who make it to 67 go on to live to 92 in the US.
We've been had.
Posted on 7/9/26 at 3:55 pm to Horsemeat
quote:
Meanwhile if you had deposited that money into an ETF like VOO you'd be up tenfold over what the ponzi scheme is paying you.
People will say its not a ponzi scheme but one of the big troubles of us getting out of this is they need us to stay paying in to pay the current people on it.
Posted on 7/9/26 at 3:56 pm to Ramblin Wreck
I haven't gotten a report mailed in over 10 years. I was curious about mine.
Posted on 7/9/26 at 3:58 pm to Ramblin Wreck
It was never meant to be a separate account held in trust for the individual, so of course it won't be a good deal for those who have had the means to pay more in.
As for the statement of living until 92, well, that's a pretty significant if regarding money that you can't control.
As for the statement of living until 92, well, that's a pretty significant if regarding money that you can't control.
Posted on 7/9/26 at 4:03 pm to rrboy
quote:Underlined the important part - if you don't live then the government pockets the money, even if you paid in more than you were paid out. With the new Trump accounts going live for newborns they have a golden opportunity to put an end date on SS and shut it down for good, but as usual Republicans are too worried about the media backlash to do anything good for people. When SS was introduced, access to investing was limited to banks and most people didn't have a need for one. Now there's trading and investing apps on every phone that even give the options to name beneficiaries in the event of an early death. End the SS scam and let people make their own decisions.
If you live to be 92 Social Security would have paid you 1,080,000.
Posted on 7/9/26 at 4:04 pm to rrboy
The one flaw in your numbers is accounting for inflation...
Posted on 7/9/26 at 4:09 pm to Ramblin Wreck
Illegals need your money baw for free medical and hotel rooms
Posted on 7/9/26 at 4:13 pm to dgnx6
quote:That is the problem. I have not spent time researching alternatives but it would be nice if people younger in their career could divert half of what they are paying into a locked investment account. It would mean raising the withdraw age and cleaning up the social security recipient list in order that the whole system not crash if that was done. One of the many problems with increasing the withdraw age is that the average life expectancy is 79. It seems unfair to make people pay their entire working years and wait until, for example, 70 if on average they only benefit on 9 years of receiving it.
People will say its not a ponzi scheme but one of the big troubles of us getting out of this is they need us to stay paying in to pay the current people on it.
Posted on 7/9/26 at 4:13 pm to Lesalli
Go to SSA.gov, create an account and can see all of your info. Don’t need a mailer. Saves money.
Page 1 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News