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Started By
Message
re: Would cutting Social Security?
Posted on 12/22/25 at 9:24 am to beerJeep
Posted on 12/22/25 at 9:24 am to beerJeep
You will 100% take out several times more than you put in. If he lives long enough, this is true. I've got an uncle that will be 100 in June 2026. He retired before age 62. He's been collecting longer than he paid in.
1
Posted on 12/22/25 at 9:26 am to RollTide4547
quote:
I'm taking that 2500/mth at 62 and buying a new bass boat.
What I did was open an investment account and put my and my wife's money there working in the market. The goal is to see where it grows in the market and to hopefully have a pot of money set aside when one or both of us ends up in an old folks home. Sort of a self funded long term care policy.
Posted on 12/22/25 at 9:29 am to aTmTexas Dillo
quote:I was just trying to trigger the young'uns here. They're always whining, bitching and griping... I've saved enough in my 401K to take out what I currently bring home a month for 41 years.
What I did was open an investment account and put my and my wife's money there working in the market.
Posted on 12/22/25 at 9:47 am to RollTide4547
quote:
take out what I currently bring home a month for 41 years
How old are you and how old do you plan on getting?
Posted on 12/22/25 at 9:50 am to drkirk90
I would be all for it if they gave me back everything that I put into it?
Posted on 12/22/25 at 10:02 am to RollTide4547
quote:
I'm seeing an estimate that I'd receive 2500/mth at 62, 3400/mth at 67 and 4300/mth at 70
Yea the numbers dont really scale that well against remaining life expectancy.
The break even point of all 3 is Basically the 78 years of male life expectancy.
I dont think we are going to need it if its still around so SS is not going to determine when I retire.
I've got a lot more years to go, but if I'm not benefiting from working after 62 I'll call it quits and do something else with the years I have left.
Posted on 12/22/25 at 10:13 am to RollTide4547
quote:
If he lives long enough, this is true. I've got an uncle that will be 100 in June 2026. He retired before age 62. He's been collecting longer than he paid in.
The vast majority of people take out more than they put in.
Not a small percentage.
The vast majority. ESPECIALLY those making under 6 figures.
Posted on 12/22/25 at 10:14 am to beerJeep
quote:
The vast majority of people take out more than they put in.
Do men vs women.
Posted on 12/22/25 at 10:15 am to dcbl
DC loves to take money for SS and pay interest that is typically below the inflation rate. Had that same money been put into a stock index it would return four to six time what the "Trust Fund" produces.
SS is a very low return on "investment" and that's why DC loves it.
SS is a very low return on "investment" and that's why DC loves it.
Posted on 12/22/25 at 10:16 am to Narax
quote:
men vs women.
Completely irrelevant.
The fact is social security is a Ponzi scheme rife with fraud that needs to be completely and totally destroyed.
It is a scam.
If a private company ran social security they would be put in jail for fraud.
Posted on 12/22/25 at 10:17 am to aTmTexas Dillo
quote:I'm 59. Hopefully I'll live forever! Ha ha. Both my parents smoked and they made it to the mid 80's. My father served in Korea and had 2 brothers that served in WWII. Older brother made it to 99 and 11 months. The remaining brother will be 100 in June. Still gets around quite well.
How old are you and how old do you plan on getting?
Posted on 12/22/25 at 10:20 am to beerJeep
quote:It was created when the expected life span was probably 75. Today, people are living well into their 90's.
The fact is social security is a Ponzi scheme rife with fraud that needs to be completely and totally destroyed.
Posted on 12/22/25 at 10:42 am to beerJeep
quote:
Completely irrelevant.
Not at all.
You can't ignore the massive difference.
Used Gemini for a "quick answer"
quote:
1. The Statistical "Entry vs. Exit" Gap (2025 Data)
Most Americans start paying FICA taxes between ages 16 and 20. However, the "average" experience is heavily influenced by the 12–15% of men and 7–9% of women who die before reaching Full Retirement Age (FRA).
quote:
Metric American Men
Workforce Entry (Avg) 18 years old
Probability of reaching age 67 ~85%
Life Expectancy at 18 76.5 years
Avg. Age Benefit Withdrawal Starts 64.5 years
Avg. Years of Paying In 46.5 years
Avg. Years of Receiving Out 18.0 years
Metric American Women
Workforce Entry (Avg) 18 years old
Probability of reaching age 67 ~92%
Life Expectancy at 18 81.8 years
Avg. Age Benefit Withdrawal Starts 64.2 years
Avg. Years of Paying In 41.2 years (includes career breaks)
Avg. Years of Receiving Out 21.4 years
Based on that.
Average American Man
quote:
Total Paid In: $335,000 (Adjusted for inflation/wage growth over 46 years).
Total Paid Out: $464,000 (Average monthly $2,150 x 216 months).
Net "Profit": +$129,000.
The "Early Death" Penalty: If he dies at 60, he has paid in ~$280k and received $0. His "ROI" is only recouped if he has a surviving spouse or minor children.
Average American Woman
quote:
Total Paid In: $255,000 (Lower due to the 83% wage gap and ~5 years of career breaks for caregiving).
Total Paid Out: $615,000 (Average monthly $1,730 x 257 months + avg. survivor benefit bump).
Net "Profit": +$360,000.
The "Longevity Bonus": Women pay in roughly 24% less than men but receive 32% more in lifetime value due to living longer and the high likelihood of inheriting a husband's higher benefit.
Posted on 12/22/25 at 10:44 am to drkirk90
Go back to grade school. There are enough idiots on the street already.
Posted on 12/22/25 at 10:47 am to beerJeep
quote:
If a private company ran social security they would be put in jail for fraud.
If it was run by a union, the leaders would go to jail for racketeering.
Posted on 12/22/25 at 11:15 am to drkirk90
No cutting out all aid to foreign countries for a year wood.
Posted on 12/22/25 at 11:15 am to Narax
quote:
Not at all. You can't ignore the massive difference.
There is no difference. They are both, on average, taking more than they put in. Which is what your data says….
Who takes more is irrelevant.
Posted on 12/22/25 at 11:27 am to beerJeep
quote:
Who takes more is irrelevant.
There is an obvious difference regardless of if you are angry about both.
One takes in 38.5% more than they put in, the other takes in 241.2% more than they put in.
For a low earning female, the payout can be as high as 542% more than they paid in.
This is not a "no difference"
quote:
Who takes more is irrelevant.
Not when you have to balance it.
68% of men do better than breaking even, but only 52% will make it to 38% ROI.
If you move up retirement to 70, 25% of men will die before they reach retirement.
Only 24% will break even.
Only 16% of high income men will break even.
Why would men even participate in a system that is designed to kill them first.
This post was edited on 12/22/25 at 11:49 am
Posted on 12/22/25 at 11:47 am to drkirk90
Why cut something that taxpayers pay into?
We should cut (abolish) welfare. That would save billions (trillions) of dollars.
Get a job or starve.
We should cut (abolish) welfare. That would save billions (trillions) of dollars.
Get a job or starve.
Posted on 12/22/25 at 11:56 am to Narax
quote:
There is an obvious difference regardless of if you are angry about both.
Again.
You are simply proving my point. I do not give a frick who takes more. It is a scam. It needs to be completely and totally destroyed 10 years ago.
quote:
This is not a "no difference"
Sure it is.
The question is “do they take more than they put in”
Both are a resounding “yes” on average. Therefore, they are the same. Quantifying how much more one side is in the negative is irrelevant to the question at hand.
End the Ponzi scheme. Destroy social security. Let the people keep their money.
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