Off Topic — HabitableZone

Off Topic » in reply to They need you.

Re: They need you

Okay, if I'm so damned "free," how about letting me out of the program? I'll even let them keep all the money they've gotten from me so far.* How about it?

*According to my last Social Security statement, a grand total of about $116,761 since 1970. According to this basic interest calculator, had this been averaged out and invested weekly (around $73 bucks) at a lousy 6 percent, that would now be about $320,000. At the 10 percent the stock market has averaged, it would be about $724,000 by now. If I retired at 66, continuing to put the money in at the same rate, the 6 percent fund would be at $1.2 million, and the 10 percent fund would be on the close order of $5.6 million.

The Social Security system is promising me $1,632 a month at age 66. You do the math, and then tell me what a big favor the government is doing me.

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