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Reply to "High earners/savers: How do you feel about social security?"
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[quote=Anonymous]I retired early with a pretty high net worth and elected to start taking SS at 63. My spouse never worked and gets the spousal benefit which is 50 percent of my SS. Together it’s just under 50k and most of it is taxable income. It’s nice to have. Unlike SS, Medicare premiums are income based and the two of us pay quite a bit. We’re close to $1000 a month all in. And I can see from my SS statement that between me and my employer over the years we paid close to $500,000 in Medicare taxes. So yea I kinda feel entitled. [/quote]
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