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Thread: Social Security is designed to replace ~40% of your income

  1. #11
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    FindersKeepers's Avatar Senior Member
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    Quote Originally Posted by Safety View Post
    Thats's why boat stands for Bust Out Another Thousand
    Probably true!
    ""A government which robs Peter to pay Paul can always depend on the support of Paul" ~George Bernard Shaw

  2. #12
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    Common's Avatar Senior Member
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    Quote Originally Posted by Peter1469 View Post
    Social Security is designed to replace ~40% of your income

    Don't rely too heavily on social security for retirement. The plan is designed to replace about 40% of your pre-retirement income. And as the program administrators say, that will drop by about 20% in 2035.





    I don't factor SS into my retirement at all. I will be drawing the max. And using it for leisure activities.

    Read the rest at the link.
    Social Security didnt replace 40% of my income
    LETS GO BRANDON
    F Joe Biden

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    Peter1469 (05-01-2017)

  4. #13
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    Quote Originally Posted by Safety View Post
    If SS is there when I retire, it is only factored in my financial plan as being the payment for my boat.
    Thats smart thinking if younger people get stuck in the Greatest Generation and the babyboomer mindset they will be in for a big surprise when they get older.
    LETS GO BRANDON
    F Joe Biden

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    Peter1469 (05-01-2017)

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