Thread: Social Security

Originally Posted by Storekeeper

Originally Posted by Milkman

^ I get an SS statement every year.

I've got mine right in front of me. It tells me I'll be drawing $1208 a month at age 62 at my current earnings rate and $1763 at age 67.

It also states that unless there are changes SS will be exhausted by 2040.

Are you sure you get a statement ?

Yes, I'm sure.

I read it every year.

The current earning rate is an I.O.U.

I do believe it will be there. But when, how much, and what rate of return is what is being discussed.

The politics are too deep to have any change or reform. It's been talked about for over 40 years.

I think they'll just try to tap additional sources of 'then-current' revenue.