Social Security
I reviewed my work history and found that over the past 25 years, I have paid over $91,000 into SS. If I invested that money at 8%, I would have $289,000 right now. If I work another 4 years and contribute the current ($5580 per yer) amount, this would then total $371,000 in 4 years. If I quit work, and let this compound for 11 years until I am 66, it would grow to $823,000. If I then drew it down to zero over a period of 40 years, I would have a monthly benefit of $5725. You can DOUBLE these figures for the employer contribution made on my behalf over this time. Food for thought.
posted by Tom Gates at 7:50 AM
4 Comments:
How does he do it? A page turner. Comments that truly make one think. Penetrating. We should all look forward to learning more from Tom's Thoughts
Tom makes some good points in his argument for privatizing social security.
Good stuff!
Tom- Here's a little food to choke on. How much of those funds will you REALLY see and how much is going to support the Illegal Immigrants flocking into our country every day?
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