Comments on: Use Social Security Statement to Determine Lifetime Earnings

By: Social Security’s Long-Range Outlook

Social Security’s Long-Range Outlook — Wed, 20 Jan 2010 10:09:20 +0000

[...] retirement benefits paid by Social Security differ from those available today. Workers who pay Social Security taxes receive a statement, typically three months in advance of their birthday, with an estimated future benefit that is [...]

By: Language of the Perpetual Poor | Frugal Dad

Language of the Perpetual Poor | Frugal Dad — Mon, 21 Apr 2008 20:06:49 +0000

[...] review of the lifetime earnings statement of this class of perpetual poor would reveal lifetime spending well in excess of lifetime earnings, [...]

By: Week in Carnivals - 4th Week in March | Debtbeater

Week in Carnivals - 4th Week in March | Debtbeater — Wed, 26 Mar 2008 11:32:18 +0000

[...] Frugal Dad: Use Social Security Statement to Determine Lifetime Earnings – This is something I’ve always thought was neat to do just because it was interesting. Frugal Dad puts a twist on it by thinking about how much he’d have if he saved/invested 50% of the amount his whole life. Ugh, my statement says over $500K and I got didly squat to show for it. [...]

By: Chief Family Officer

Chief Family Officer — Wed, 12 Mar 2008 03:52:54 +0000

This is an interesting idea – not to mention the new perspective! I’ll have to do this the next time I get my SSA statement, although I’ve noticed that as I make more money and reduce my taxable income (through 401(k) contributions and so forth) that the number on the SSA statement doesn’t really reflect my true earnings. Did you think that also?

By: Working Dollar

Working Dollar — Tue, 11 Mar 2008 20:04:47 +0000

Those Social Security statements drive me up the wall. All they make me do is realize, like you, how much I have squandered and not saved. Given my age and how much I have made over my life – my net worth should be almost three times what it is now.

By: pete@ biblemoneymatters

pete@ biblemoneymatters — Tue, 11 Mar 2008 16:36:30 +0000

this sounds like an interesting exercise – albeit a painful one for some of us. I’ll have to see if i can find that statement i got a week or two ago from Social Security Adminstration. thanks for the post!

By: Ron@TheWisdomJournal

Ron@TheWisdomJournal — Tue, 11 Mar 2008 15:57:22 +0000

At least you’re turning the ship around. I look at it this way: if I had 25 years to amass a fortune, could I do it? 25 years is a long time…the amount of time I have until retirement at age 67.

By: Jen

Jen — Tue, 11 Mar 2008 15:07:07 +0000

Ouch! I don’t even want to do it! If someone told me the amount of money I’ve wasted in my life just on going out to eat, I’d probably die of shock. Very chilling thought.