Quote:
Originally Posted by JoelJohnson
If you do the math (I have) you get back what you put in around 5 years (or so) after you start collecting.
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We have said this for years, if you collect SS past 6 years it is not your money. We never included SS in any part of our retirement planning since no Congress has the guts to fix it and we do not count on money we do not control or can logically predict it will be there when we need it. Now it will be a bonus when we decide to take it. Many people will not save and live beyond their means so SS is a lifeline for them.