3 ms·
Hell they tell me straight up I’ll only ever get a maximum of 80% of what I put in. I’m sure that percentage will be reduced in the next 40 years…
by vuln 3y ago
Hell they tell me straight up I’ll only ever get a maximum of 80% of what I put in. I’m sure that percentage will be reduced in the next 40 years…
- jxramos 3y agothere was a financial advisor at Apple who gave talks to employees and iirc they did mention that they used a rough percentage for advising clients with for what to expect from Social Security. It may have been 2/3 or 3/4 or 70%. I don't think it was as high as 80.
- lotsofpulp 3y agoSocial security benefits can be devalued in many ways. Expect future governments to: 1) increase retirement age 2) reduce purchasing power of money (print/issue/lend out excess money, resulting in inflation) 3) adjust “bend” points in SS benefit formula, making it more and more of a marginal income tax