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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]My parents were high earners who both started taking SS at age 70, this year they’re bringing in a combined $80k just in their SS income. If they live into their 90s like their own parents it’s a great deal.[/quote] In no way is SS ever a "great deal." If they had invested all contributions, they would have far more than the $80K in income (plus the capital left over to pass to their kids).[/quote] Isn’t it a good deal if you live to be really old? I had an aunt collecting SS into her 100s and it seems like she must have gotten out more than she put in through I never ran all of the numbers.[/quote] It also provided with your kids with guaranteed survivor's benefits until they were 18, you with guaranteed disability insurance your whole working life, and will provide your spouse with guaranteed retirement income until they die whether or not they worked. [/quote]
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