Quote:
Originally Posted by dewilson58
Has anyone done the math.........with time-value of money, how many years do you need to draw on SS (full SS) in order to get your & your employer's dollars back???
Too much fun for me to do.
I think it's about seven years without time-value.
Jus wondering.
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You can get a statement from the SS website that shows what you and your employer contributed over time. For me, the numbers are about equal. I will recover what I contributed in five years and the combined total in ten years.
No, that doesn't account for gains or losses if the money was invested. It also doesn't account for any amount that would not have been invested for any number of reasons. However, since I hope to collect for 30 years or so, receiving 300% (or 600% depending on how you want to view it) of what I contributed seems like a decent deal.
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