Darin Jordan
Well-Known Member
- Joined
- Mar 11, 2005
- Messages
- 1,821
I think this sums it up nicely...
AMEN!!!I think this sums it up nicely...
Well the last statement I got from SS at age 67 I will get as much as I bring home now and I still have 15 years to work and add to the pot.
So if I can make it now with what I make. Then I don't see a problem with making it when I stop working.
Now this is all based on a two person house hold both bring in the same.
I knew the old lady would end up being good for some thing. David, SS estimates are just estimates- if your wages do not change you will get no more than what your statement shows now @ 67. SS is also considered taxable income by the Feds. They will have you pay tax on 50% of your SS UNLESS you have other sources of $$$ such as a 401K or IRA or other retirement income- then they can tax 85% of your SS. Could vary from state to state also. CA sees 100% of my retirement(and IRA distributions) as taxable but they do not tax my SS.
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