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<blockquote data-quote="farmerjan" data-source="post: 1691269" data-attributes="member: 25884"><p>$2500 per year, paid in for 40 years is $100,000 . If you paid them back $20,000 for 30 years, you are paying back $600,000..... This is not taking into account any interest or investment or anything.... So if a person worked and paid in for 40 years, and then retired and lived for 30 years, they would get back 6x what they paid in..... </p><p>So accounting for interest, I still don't see where the gov't is making a killing.... </p><p>I am not in favor of the gov't using the money since they certainly can't take care of their own finances in this country... and I have been, and continue to pay in, SS for nearly 50 years now.....so I feel like I am entitled to get back from having this forced savings account that I could not even make choices on how to invest and believe me I am very conservative with my choices through work....</p><p>Granted more people do not live and get SS for 30 years .... but still....</p><p></p><p>Is my math wrong?</p></blockquote><p></p>
[QUOTE="farmerjan, post: 1691269, member: 25884"] $2500 per year, paid in for 40 years is $100,000 . If you paid them back $20,000 for 30 years, you are paying back $600,000..... This is not taking into account any interest or investment or anything.... So if a person worked and paid in for 40 years, and then retired and lived for 30 years, they would get back 6x what they paid in..... So accounting for interest, I still don't see where the gov't is making a killing.... I am not in favor of the gov't using the money since they certainly can't take care of their own finances in this country... and I have been, and continue to pay in, SS for nearly 50 years now.....so I feel like I am entitled to get back from having this forced savings account that I could not even make choices on how to invest and believe me I am very conservative with my choices through work.... Granted more people do not live and get SS for 30 years .... but still.... Is my math wrong? [/QUOTE]
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