Paying into Medicare and Social Security is always a hot topic. I always wonder if I had been able to invest all the money I have put into the systems over the past 20 years of my working life what it would amount to. Let's take a look at what I will have collected or earned by investing if I live until the ripe old age of 90. If for some reason I want to wait until I was 70 before starting to collect it looks like I could pull in $3,323 a month. Collecting that for 20 years (until 90) would equal $773,520 collected over my old man life time. Keeping it simple I am not factoring taxes that I would have to pay on this income or inflation adjustments. Over the past 20 years myself and my employers have put a total of $180,047 into the Social Security and Medicare systems. Wouldn't that be nice if the companies I worked for would have just given me this money and I could invest it as I please. For this scenario I am going to just take the latest Champions average dividend yie...
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ReplyDeleteConrgatulation for your dividends.
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