Some numbers for you guys...
Life to date I’ve paid in $230,095 and by the time of retirement in 2021 will have paid in more than $365,000...
At 5% earnings compounded I would have a fund worth just under $1,000,000 that could pay me a benefit of $60,000 per year to age 95 (not that I’m going to live that long and which is a lot less than the benefit that would actually be paid) with over $200,000 remaining in the fund at death...
At 8% earnings compounded it is obscene how much cash there would be...
If that’s not theft I don’t know what is...
By the way...I don’t expect to (nor am I planning on) get a dime out of it...
I haven’t stopped to look at home much I have put in over the years. I suppose that’s on that periodic statement I receive from the SSA?