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Reply to "How can someone only get 1k for social security ?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What about a Fed’s SS? Presumably, it could be up to 3k-4k. How wildly wrong am I?[/quote] You’re not. I’m 49 and make more than $140,000 and will have 30 years in when I retire. I’ll retire in that range. So will DH who makes quite a bit more, but is over the cap. Most non-military feds get full social security. [/quote] I’m a high-ranking fed. I would get $4500 if I waited until I was 70 to start SS benefits. It’s $2800 if I take it right at 62, which is what I plan on doing since everything points to me being means tested out of the higher amount if I wait and Congress get serious about balancing the budget. [/quote] SS will not be phased out or means tested if you are a millennial or older. This drum has been banged for 40 years and there’s been no urgency to fix it. Congress will just keep increasing the salary limit and pushing the eligibility years out for Millennials and younger.[/quote]
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