Re:The Face Behind Bitcoin?
by prostoalex on Thursday March 06, 2014 @04:26PM
(#7356724)
> If it's still solvent and operating when you retire or become disabled, then you can expect to receive benefits similarly
That's now how it works. The reason you get those annual pamphlets from Social Security Administration is to know exactly what you're entitled to. It's highly dependent on your rate and consistency of contributions.
> or decide to fund your retirement yourself, you don't somehow magically get back the money you contributed
Not sure what you're saying. When you reach proper age, you're entitled to Social Security payouts as long as you've contributed into the system the way that was intended. A lot of people fund their own retirements through 401(k), annuities or personal savings, that does not disqualify them from Social Security.
That's now how it works. The reason you get those annual pamphlets from Social Security Administration is to know exactly what you're entitled to. It's highly dependent on your rate and consistency of contributions.
> or decide to fund your retirement yourself, you don't somehow magically get back the money you contributed
Not sure what you're saying. When you reach proper age, you're entitled to Social Security payouts as long as you've contributed into the system the way that was intended. A lot of people fund their own retirements through 401(k), annuities or personal savings, that does not disqualify them from Social Security.