Thread: Any work is good work

Originally Posted by pixelfixed

Tottaly untrue,my stats are for people that started drawing SS 20+ yrs ago.the elderly.

My Dad is 98 and started drawing in 1978 or so. He gets $1200 or so a month. SS is indexed to inflation and goes up every year (mostly). Average increases have been around 3-5% a year. Only the last few years have they stagnated.

if you check the stats from SS itself the average check regardless of when the draw started is $1200. I believe the max you can get is around $1600 or so but that's just a guess.

When my dad started drawing it was of course way lower. Around the figure you quote but it has risen.

Originally Posted by thebigspendur

My Dad is 98 and started drawing in 1978 or so. He gets $1200 or so a month. SS is indexed to inflation and goes up every year (mostly). Average increases have been around 3-5% a year. Only the last few years have they stagnated.

if you check the stats from SS itself the average check regardless of when the draw started is $1200. I believe the max you can get is around $1600 or so but that's just a guess.

When my dad started drawing it was of course way lower. Around the figure you quote but it has risen.

Our COLA has been less than 1.5% for the past 3 yrs, your dad probebly paid 100K into the system.I am fortunate in that I get about twice what your dad gets less medicare,but I paid 203K into SS since i was 13 yrs old, I get zero interest on the forced investment.
If I died tomorrow, my wife gets none of it.except a $250 death benifit.

Why does your wife get none of it? Under SS rules she can get either her own if she worked or yours, whichever is larger. Forced investment? It's not an investment it's social insurance. I worked for the Fed and paid nothing into SS and don't get it. I had a 401K and it was doing fine until 3 years before my retirement when it lost half of it's value along with a lot of other folks. You don't have that issue with SS. So maybe you're lucky and you come out ahead with investments over SS and maybe you're in big trouble and have to work till you're dying day. Your choice.