Posted on 07/22/2008 12:31:10 PM PDT by rawhide
Fyi. Neat tool. Social Security Administration unveiled its new retirement estimator on its Web site Monday. On it, it takes just a few points and clicks and some personal information to produce benefit estimates within a few minutes.
Be nice if they had a calculator showing when Socialized Insecurity would be dead and buried with a stake through it.
lol it’s an easy calculator to program: all it has to do is return ZERO.
Wow. They need a lot of personal information to give you your answer back. “Mother’s maiden name”...?
Phishing emails: arriving in 10... 9... 8...
I disagree.
Social Security benefits will be paid in full with highly inflated dollars.

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What I would like to get is a spreadsheet or web page where I can enter in generic pay and tax information and get back benefit payments past, present and estimated future payments. I'm trying to figure out how much someone gets back relative to a person who tops out the cap every year. For example, if someone earns half of the SS cap every year, how much more do they get than half of the top earner's final benefit? How redistributional is the SS tax and benefit system?
>> It looks like the SSA is actually getting your own Social Security records and they don’t want just anyone getting those.
Understood, and I’m not worried about the *SSA* asking for the information, nor am I worried about what they’ll do with it. They’ll safeguard it properly. Right up until the intern that takes the backup tapes home for safekeeping gets their car broken into. (Just kidding about that last one. I hope.)
I’m just wondering how long before malevolent types start sending out “phishing” emails that look EXACTLY LIKE the SSA’s webpage and attempt to harvest the same information.
I give it a couple days — week at the outside — before those show up in an emailbox near you.
>> I’m trying to figure out how much someone gets back relative to a person who tops out the cap every year.
That’s a great idea.
But I’m not sure they want to make it easy for you to figure that out...
They should have an associated calculator that shows how much you would have earned on your money if you had simply invested it instead of having the government steal it from you.
I’ve done the math and you’d typically end up with a nest egg capable of paying about triple the SSA benefits from profits alone. . . and you’d always have the nest egg to pass on to your heirs.
Social Security is an unconstitutional farce.
Doesn’t the Social Security Administration send out this information once a year? I remember getting a notice from them every spring that provided me with all my personal info, ie., how long I’ve been in the system, my SS taxes paid for that year, and previous years, how much my monthly SS payment would be at age 62, 65, and if I was disabled.
You are right, they do.
If Congres passes the Fannie Mae Freddie Mac bailout, there will be no social security..that money will go to crooked bankers.
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