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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

Dec 4 4:00 PM EST

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To: John Lacelle who wrote (13940)	6/29/1998 3:20:00 PM
From: Pete Schueler	Read Replies (1) of 116795

John, I must agree with Lightning, the there is a strong income leveling effect at payout time. For instance, in the 1995 SS guide that I have it has a table of payouts that shows avg. monthly earnings (payin base) vs monthly benefits at 65. Someone earning $800/mo gets $503/mo SS benefits or 63% of their wage base. Someone earning the max SS wage rate, $3493/mo will get $1207/mo SS benefits or about 35% of their wage base. Not to worry, they will get the the rich guys. Regards, Pete

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