Social Security fun facts

Preacher

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Jan 29, 2015
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Interesting.
 
There is no surplus in Social Security. Politicians started stealing the money as soon as it was enacted until finally LBJ made it official that Social Security taxes would be dumped into the "general fund".
 
In 1935 the Republicans said that Social Security would lead America into communism.
Is America still sweating that communist thing out, or are we safe now? My grandmother didn't want to cash her checks for fear of being a communist.
 
Many of us will pay $0.25-$1.0mil during work years (40-50 years). Including employer match.

We may get back $2000/mo at age 62 till death, $2500/mo at age 68?. Avg payout is closer to $1000/mo I believe. They don't mind if you die early.
 
If u take early you would have $120K in-hand by the time your $500/mo increase would start. So you break even ~15 years out? If you take early i hear it affects how much you could make at a job? Huh?
 

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