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Subject:  Re: Poll: Social Security percentage of income Date:  3/23/2013  9:46 PM
Author:  telegraph Number:  18323 of 19257

Unlike people with fat pensions......some of us have to live off our nest eggs. That nest egg will usually have 'excess income' which we will have to re-invest- or it automatically does like stock funds unless you specifically withdraw the cap gains distributions and the dividends during the year.

I 'take' out and us about 2/3rds of what I have to pay tax on...... the rest has to be re-invested if I expect my nest egg to survive.

Thus, SS is about 1/3rd of what spend each year. Of course, by the time they take out my Medicare payment........and I have them take out some withholding........ if you figure 'net SS', that is an even smaller contribution to spendable money.


t.
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