25 years old to 65 years old earning $40,000/year. 5% interest on bank account. No inflation. Include both my contributions and my employer's.
2007-03-24 04:06:39 · 5 answers · asked by GrandCanyonPete 1 in Politics & Government ➔ Other - Politics & Government
Your social security contributions are being used to pay current retirees.
Certainly you wouldn't want to deprive them of social security, since they also spent 40 years paying into it.
When you retire, the money you get from Social Security will be from those who are working then.
2007-03-24 04:10:07 · answer #1 · answered by Anonymous · 0⤊ 2⤋
What you would receive is moot. The real issue here is one of liberty. Should the government be allowed to take my money to give to another, which is the method of socialist security? No. Should the government dictate the terms of my retirement? No. Should I be forced to fund part of my retirement with an investment tool that is worse than what is available to me on the private market? No.
2007-03-24 04:17:08 · answer #2 · answered by desotobrave 6 · 1⤊ 0⤋
unrealistic earnings and inflation
2007-03-24 04:11:13 · answer #3 · answered by anonacoup 7 · 0⤊ 1⤋
Zero if you were able to withdraw from it at any time.
See...you didn't stipulate conditions.
2007-03-24 04:10:41 · answer #4 · answered by Miss Demeanor 5 · 0⤊ 1⤋
probably nothing
2007-03-27 20:47:36 · answer #5 · answered by greenhollow2 3 · 0⤊ 0⤋