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To: Bearcatbob who wrote (129567)4/1/2019 11:14:05 AM
From: DMaA2 Recommendations

Recommended By
Honey_Bee
Woody_Nickels

  Read Replies (1) | Respond to of 456313
 
Also, most of those 51 years health insurance was much much MUCH cheaper. Until BO deliberately wrecked it.



To: Bearcatbob who wrote (129567)4/1/2019 12:35:31 PM
From: sm1th1 Recommendation

Recommended By
Bearcatbob

  Respond to of 456313
 
I am not sure that is right. My Medicare plus my employers premiums invested in a reasonable annuity would be a hell of a lot of money. Then there is what we are still paying - something no one seems to mention.


Looking closer, you are right for a high income person. Adding in the employer contribution and the other factors you noted, I probably did contribute enough to cover my reasonable life expectancy. However, my wife, who made above median income for most of her career, only paid in about 40% of what I did and has a longer life expectancy. She is very likely to receive considerably more benefits than were contributed. For a lower income person, it is not even close.



To: Bearcatbob who wrote (129567)4/1/2019 1:11:36 PM
From: Woody_Nickels1 Recommendation

Recommended By
Honey_Bee

  Read Replies (2) | Respond to of 456313
 
The same can be calculated for current Soc. Sec. beneficiaries.
Current Soc. Sec. income would be double, had
Congress merely bought 30yr US bonds with the funds,
when they were first confiscated from individual accounts.
By buying long term bonds, Congress would have still had use of
the funds, without total confiscation with no return.

There are solutions to the Soc. Sec. funding problem under discussion,
like removing the income cap subject to Soc. Sec. tax, among others.