Smart people are planning for their retirement years without factoring in SS as income needed to sustain a comfortable life. When I retire I will have no debts and a monthly income of about $7000. If I do get SS, it’ll just be gravy. But I figure by the time I hit 66 SS will have means testing to help push back the day of reckoning when the whole system collapses.
When I retire I will have no debts and a monthly income of about $7000.
Don’t let the government know that. I believe that the people making over 4000 a month from pension and other savings are going to be the first hit whenever they decide to make changes to SS. It is a guess but I believe that I will be close to right.