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To: PeteB570
I’ve paid over $150,000 into SS over my lifetime and if I start drawing at 62 I’ll pull every dime out in less than 9 years - by 71 years old.

Every dime in depreciated currency, that is. What investment rate of return are you expecting, on top of the balance you originally deposited over the years? (But which now has less purchasing power, thanks to the hidden theft of inflation.)

78 posted on 01/08/2015 9:37:45 AM PST by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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To: coloradan

???????

Nothing - just pointing out people are not getting “their money back”.

Not many notice just how much they pull out of SS when they start drawing.

It is funny to look at the records and my first year working when I was in High School. Working in the Dish Room at the local Hospital for minimum wage. The SS paid in was almost comical.

But one thing about privatizing SS. At least then it would be my money - and when I kicked the bucket the kids could get what remains.


93 posted on 01/08/2015 10:02:54 AM PST by PeteB570 ( Islam is the sea in which the Terrorist Shark swims. The deeper the sea the larger the shark.)
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