Posted on Apr 28, 2016
Is private investing outside of Social Security risky?
3.85K
22
12
1
1
0
Wondering how privatization of Social Security might affect how much you receive in retirement. The My Social Security site for me total amount paid in to date is $203,000 over 41 years and I still have a few more years to go. Wellington Fund has been around since 1929 ave return is 8.23% a year. At age 63 annual dividends $2,334, at 65 its $2,797 without touching the principal $1,243,529.
Investing
TSP
Posted >1 y ago
Responses: 9
2
2
0
There is a misconception in this question. Social Security isn't a retirement plan by itself. It should replace about 40% of your income but I will add most people withdraw more then they put in. However, it's unfair to compare it to investing, better to compare it with CDs or bonds.
(2)
(0)
1
1
0
I'm a financial planner, and with social security I show 30% of income replaced in my plans. Being diversified, starting early, and keeping consistent are what my cornerstones of planning. If any of you have simple questions, or complex, about this - please feel free to connect and reach out! Advice is always free and knowledge is power.
(1)
(0)
1
1
0
Read This Next
Continue with Facebook 
Continue with Google