CFerguson wrote:
shelbyfv wrote:
I don't think this is correct, maybe you could post your math.
I understand why you would ask, but it would result in my revealing my financial history and status which is no ones business. The math is correct, but everyone else's will be different. Often vastly different. fwiw, I have advanced degrees and worked a long time + was compensated accordingly.
For me, SS/Medicare/etc was/is theft. For people that don't/wont work, its found money.
My partial resume reads about the same as your partial description above.
My DW never worked and I retired at 60 years old from a long and hectic industry career at one single company with no pension plan other than a self-directed IRA and some stock options.
SS/Medicare/etc. for us will be WELL WORTH IT ... and we're sure fortunate that the U.S. has these programs in place. However, there are even better programs in place in other countries.
For instance, the way our medical expenses have been going plus our SS income (being adjusted per an inflation index ever so often) - if we both live a few more years we will have indeed received condiserably more than we paid in.
I consider SS and Medicare for retirees as simply being based on the mathmatics of a nationwide insurance program in which an ever increasing employed base, paid in accordance with inflation, pays into such that an ever increasing retired base can reap the society-benefitting paybacks from.
Now ... if only we can keep those politicians from negatively messing with the math of what a self-sustaining insurance program requires ... that would be great. I'm all for the government keeping these programs fully in place, constantly improved, and properly funded from working folks' paycheck withholdings and employers' matching fees. :)