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Subject:  Re: Retirement savings benchmark Date:  1/22/2013  7:35 AM
Author:  culcha Number:  71291 of 88498

If you earn $50K per year, that's $4167/mo gross pay. 70% is 2916/mo. Social Security reduces that by abt $1200/mo. Net is 1717/mo. That is 41% of gross.

Not sure I understand what this means... In my own case, I can figure 33,480/year SS. And I also figure about $33,000 pension. But, in planning, I've always just added the two together -- but is it correct that SS actually reduces the pension?

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