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View Poll Results: At what age did you start receiving social security?
Before 62 13 8.84%
62 63 42.86%
63 6 4.08%
64 7 4.76%
65 11 7.48%
66 22 14.97%
67 4 2.72%
68 4 2.72%
69 1 0.68%
70 13 8.84%
After 70 3 2.04%
Voters: 147. You may not vote on this poll

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Old 09-01-2017, 08:46 AM
 
1,089 posts, read 526,180 times
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Quote:
Originally Posted by mathjak107 View Post
i started the clock ticking today . started ss today and get first check next month
Congrats.

I tell friends I just want to live long enough to receive one SS check and make one Medicare claim....i.e., be on "the other side".
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Old 09-01-2017, 08:53 AM
JRR
 
Location: Middle Tennessee
3,690 posts, read 2,236,661 times
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Quote:
Originally Posted by FiveLoaves View Post
Just out of curiosity....is there any way to sum up how much I've paid into the SS Kitty over the years ??

The withholding has been increasing from 4% to current 6.2% of income. During my peak years it was around 6% or so. I suppose I could estimate it using those round numbers.

History of Social Security (OASI) Taxes

Would SS website have a summary of what the Employee paid in during a career ??
If you are set up for online access with MySocial Security, you can go to Earnings Record and at the bottom of the page, it shows Total Taxes paid by you and also by your employers. It shows the same for Medicare

Last edited by JRR; 09-01-2017 at 09:03 AM..
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Old 09-01-2017, 09:02 AM
 
71,970 posts, read 71,997,171 times
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thanks
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Old 09-02-2017, 05:28 AM
 
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funny , i got the letter from ss showing my net amount , after tax and medical deductions the same day i started ss . i have to go on line and see if they show my wife's updated amount with spousal which went in to effect yesterday too . i am surprised she did not get a letter showing her new amount .
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Old 09-02-2017, 07:56 AM
 
Location: Charleston, SC
1,369 posts, read 772,736 times
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Quote:
Originally Posted by JRR View Post
If you are set up for online access with MySocial Security, you can go to Earnings Record and at the bottom of the page, it shows Total Taxes paid by you and also by your employers. It shows the same for Medicare
JRR-
Thanks for the pointers.....I haven't been on their website in a while and had to setup the extra level of security. I suppose that's a good thing these days.

I found the Earning Record and WOW !!.......is that all I've paid in over the years ?!? That is not a lot of money over a Lifetime of Earnings. Social Security is one of the best investment "decisions" I've ever made !!
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Old 09-02-2017, 12:15 PM
 
Location: OH>IL>CO>CT
5,256 posts, read 8,442,829 times
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Quote:
Originally Posted by FiveLoaves View Post
JRR-
Thanks for the pointers.....I haven't been on their website in a while and had to setup the extra level of security. I suppose that's a good thing these days.

I found the Earning Record and WOW !!.......is that all I've paid in over the years ?!? That is not a lot of money over a Lifetime of Earnings. Social Security is one of the best investment "decisions" I've ever made !!
It appears that those dollars are actual total W-2 numbers. Not adjusted for inflation like your actual benefit computation is.

After high school, in my first 2 years working full-time, 1963 & 1964, due to tons of overtime, I hit those year's SS Maximum Taxable limits of $4800 , which are now part of my "highest 35", after the inflation adjustment. FWIW, I do have about 16 other years of hitting the max.
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Old 09-02-2017, 03:30 PM
 
Location: Greenville, SC
4,675 posts, read 3,721,745 times
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Quote:
Originally Posted by JRR View Post
If you are set up for online access with MySocial Security, you can go to Earnings Record and at the bottom of the page, it shows Total Taxes paid by you and also by your employers. It shows the same for Medicare
For those who aren't sure where they can sign up for My Social Security, here's the link:

https://secure.ssa.gov/RIL/SiView.do
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Old 09-03-2017, 09:04 AM
 
Location: Charleston, SC
1,369 posts, read 772,736 times
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Quote:
Originally Posted by reed303 View Post
It appears that those dollars are actual total W-2 numbers. Not adjusted for inflation like your actual benefit computation is.

After high school, in my first 2 years working full-time, 1963 & 1964, due to tons of overtime, I hit those year's SS Maximum Taxable limits of $4800 , which are now part of my "highest 35", after the inflation adjustment. FWIW, I do have about 16 other years of hitting the max.
I'm in about the same category as you are. Believe me, I understand that the Dollars I paid into SocSec in 1969 were worth considerably more than the ones they now deposit in my Bank every month. But I had never noted the actual number until yesterday. My Big Round Number Estimate of the total amount was much higher.

I used to joke with my Dad that my SocSec deduction was going directly to him, and that I would never see a dime of it. Imagine my pleasant surprise as they now ACH a generous stipend to my local bank -- right on time every month.
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