Quote:
Originally Posted by rustyp
Agreed. It is beyond bad math - it is a bad premise. In order to achieve the payment plan illustrated one needs to contribute 30 years before withdrawal starts. Social Security started paying out soon after becoming law thus the money coming in was immediately funneled back out without time (IE 30 years) to be accrued. Second point it also provides income for people who may have put no or little money in the pot such as disabled, widowed, etc. Finally like it or not it is just what the title proclaims - a SOCIAL program not an individual bank account.
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Wow someone who actually speaks the truth about social security. So many here in the Villages think as we the op that they are just getting their money back.