Quote:
Originally Posted by mrf6969
I am not so sure that Social Security has been the best option for saving money for retirement. I earned almost twice what my wife did over the years before retirement.
My social security pays me $2500.00 a month before taxes. Her well managed pension pays her $3500.00.
I guess you could say this is just another example of how government manages verses how much better private enterprise does.
|
Apples and oranges.
Most private pension benefits are paid as a direct proportion to how much the employee earned and contributed to the pension plan.
Social Security benefits are paid on a scale that pays a higher proportional benefit to lower income workers who paid less into the plan.