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Old 06-18-2014, 10:20 PM   #21
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Your annual statement from SS should include both individual and employer contributions.

For me, it was roughly $117k for each, from 1963 to 2009 when I ER'd at 60. I claimed at 63 with $24k per year. So full payback in less than 5 or 10 years, depending on how you look at it.

Since SS also includes disability, inflation and survivor benefits I see it as a damned good deal. Kudos to FDR!

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Old 06-19-2014, 08:31 AM   #22
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Originally Posted by jasg View Post
Since SS also includes disability, inflation and survivor benefits I see it as a damned good deal. Kudos to FDR!
If you really want to give proper credit, you have to go back dear old Otto. Fascinating guy.

Even the US Social Security Administration gives him credit.

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Old 06-19-2014, 10:06 AM   #23
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Originally Posted by dtbach View Post
By the way, I consider myself a conservative. But FDR was right in starting SS.
You are obviously not a true Scotsman .

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