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The median retirement portfolio for people age 65 years

Posted on: November 8, 2023 at 23:00:45 CT
KC rules MU
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old is a whopping $87,000. If they live to be 75 they can spend $8700 per year plus whatever probably measly amount they get from their social security (which they also have to pay taxes on - or 85% of). Since SS caps around $42,000 (most won't make that), that's an income of about $50,000 per year at best which they will spend much on medical because they probably won't be able to afford a supplement to Medicare and Medicare only pays 75%.

And all my life, I was told I wouldn't see a dime from social security. Now I'm approaching retirement age and social security is still around.

Edited by KC rules at 23:09:03 on 11/08/23
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MESSAGE THREAD

GOP debate - fatrat MU - 11/8 21:13:02
     RE: GOP debate - sarasotatiger MU - 11/9 08:01:17
     lol (nm) - pickle MU - 11/9 06:44:00
     I didn't watch, but it sounds lit...Vivek called Zelensky a - MUTGR MU - 11/8 23:14:02
     Reagan f-ed us with that too - JayHoaxH8r MU - 11/8 23:02:13
     Social security is welfare(nm) - El-ahrairah BAMA - 11/8 21:37:03
          I paid into Social Security for over 40 years - fatrat MU - 11/9 06:08:04
               it’s welfare and theft (nm) - pickle MU - 11/9 06:44:43
                    Then you have declined yours - GODZILLA MU - 11/9 07:01:31
                         He’s not old enough - KC rules MU - 11/9 07:54:13
                         I don’t receive social security (nm) - pickle MU - 11/9 07:16:29
                    theft maybe, not welfare - fatrat MU - 11/9 06:58:42
                         it’s welfare (nm) - pickle MU - 11/9 07:15:46
          RE: Social security is welfare(nm) - KC rules MU - 11/8 21:57:16
          Not for most of us GenX(nm) - Wildcat KSU - 11/8 21:42:48
               Its welfare for boomers - El-ahrairah BAMA - 11/8 22:01:48
                    Many of them still get pensions. Later generations have to - TigerMatt STL - 11/8 22:10:36
                         The median retirement portfolio for people age 65 years - KC rules MU - 11/8 23:00:45
                         Government ponzi scheme nm - pinkman MU - 11/8 22:40:14




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