On 04/17/2015 07:58 PM, Doug Winterburn wrote:
On 04/17/2015 06:54 PM, Larry Blanchard wrote:
On Fri, 17 Apr 2015 14:15:32 -0400, dadiOH wrote:

Sure you did. If you paid the max into SS all your life and die before
you hit 80-something. Medicare? Fat chance. Compare what you're
getting and what you're paying, including supplement, against what a
private plan would cost you.

Try doing the arithmetic before you make wild claims like that.

As I said (relative to medicare), " Now, not so much, costs have just
gotten way out of hand". For social security, absolutely. I know
because I DID do the math.

On the SS, I should have said *after* 80-something, not *before*. Sorry.

I figured mine out quite a few years ago. IIRC, retiring at 62 and
living to 80+, I got back what I paid for. If I last till 90, no way.

But the average recipient gets back considerably more than they paid in
and yes, I'm including the employer contribution.


Then why is it that I put 10% away of gross my working life where my
employer and myself contributed 12.4% to SS, yet I have been taking out
twice out of my savings compared to what SS pays and my savings are
still growing?


BTW, I retired at 55.


--
"Socialism is a philosophy of failure,the creed of ignorance, and the
gospel of envy, its inherent virtue is the equal sharing of misery"
-Winston Churchill