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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Fiscally Conservative who wrote (53173)2/9/2006 10:28:54 AM
From: GraceZ  Read Replies (3) of 110194
 
We're all in the same leaky boat, I've paid in since I was 15 and I'm now 51, I can see myself working until I'm 75 or so. I imagine at the end of my life I will have paid in for 60 years in order to receive a pittance back.

The benefit has a cash value, one that is significantly below what it would be if the money you paid in had been invested rather than transferred. If you were offered a cash equivalent at this point would you take it?

Since I see myself working for another 24 years, I'd offer SS a cash payment to get out. The opportunity cost of sending 12.4 % of my earnings into SS over the next 24 years will be huge. I'd like the opportunity to cut my losses.
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