Enjoy my 30 years of contributions you old farts.
My wife and I were born in 1946. We are the first of the Baby Boomers to retire and collect S/S. And we both start on Medicare next year. We are in very good health, so who knows, maybe it will be 35 years, not 30?! Of course, we have our S/S checks direct deposited because we travel so much.
Enjoy my 30 years of contributions you old farts.”
I paid into SS for 50 years before I began drawing benefits so if I get my 50 years and your 30 years, where is the rest of my money?
30 years?
I’ve been paying in for 40 years now and not my choice you know?
I have zero problem just replacing it with personal retirement accounts paid out in monthly tranches, but its not happening...
Enjoy my 30 years of contributions you old farts.
I’m working on 45 years. No matter....
I’ve you’ve been contributing for 30 years, you’re soon to be an “old fart.” The people who got off with very low contributions and high benefits were actually the parents of the Baby Boom generation. The rest of us have been paying 16+% all of our working lives, mostly on our entire salary or, for higher earners, on 80% of it. So the Boomers are the ones who are likely to get nothing or at any rate very little of what they contributed.
If this money had been sensibly invested, even by the government, we wouldn’t have any problem with SS. But they started treating it as part of the general fund and essentially have spent it as fast as it came in, and not on the people wh ocontributed it.
Us old farts put our money into the system for 40+ years. Based on my life expectancy, I won't get it all back out. Not to mention the lost interest.