Quote:
Originally Posted by Kenswing
You're wrong. I've taken out absolutely nothing. I'm still almost 5 years out before I can even start drawing at 62.
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OK...so you missed the point...
1. go to the site and see how much you will be projected to contribute when you are 62.
2. Now use the tables to determine your life expectancy...you should get about 23 years (276 months).
3. Take the amount you will be taking each month in SS times 276 and see if it exceeds what you contributed.