I realize this is not the ORP support forum - but if you're familiar with it - Retirement Calculator - here's my question:
The default inflation percent is 3.5%. I don't really have a problem with it projecting future dollars needed in this manner.
But it seems like it makes the future Social Security payments pretty "rich".
Do projected Social Security payments really go up 3.5% every year between now and the time I turn 70 - as well as every year after that?
Thanks for input.
spncity
The default inflation percent is 3.5%. I don't really have a problem with it projecting future dollars needed in this manner.
But it seems like it makes the future Social Security payments pretty "rich".
Do projected Social Security payments really go up 3.5% every year between now and the time I turn 70 - as well as every year after that?
Thanks for input.
spncity