Reply to High earners/savers: How do you feel about social security?

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Reply to "High earners/savers: How do you feel about social security?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m saving enough to retire at 45-50 and I’m counting on at least 75% of social security expected income starting at age 67. It’s not going away. The number might change but it’s foolish to not plan on getting some amount. The country would collapse if SS goes away: I’m talking riots and political violence. [/quote]

Similar. We know it will be less but we expect something. Honestly we figure it will mostly go toward our Medicare supplement payments that we will be assessed based on income. Once spouse will receive the max and the other spouse will take 50% of the spouse because it will be more than their own. [/quote]

Same for us!  And yes, it will mostly go to medicare, as medicare with a gap plan and prescriptions plan will run us $1200+ per person due to our income in retirement.  Despite having paid $500K+ into medicare over the years (that's an estimate, it's likely higher).  So we have more than paid our "fair share" and the share of 1000s of others.

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