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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19380  
Subject: Re: Poll: Social Security percentage of income Date: 3/23/2013 9:46 PM
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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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