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<blockquote data-quote="db-2" data-source="post: 341344" data-attributes="member: 4743"><p>No elk or moose for me either. But retire and time on my hand so:</p><p></p><p>The wife and i started paying SS in 1969. I have done my own income tax over all those years and my numbers are:</p><p></p><p>Total SS paid in by the wife, me along with the employer over those years totals $415,738. In 69 it was $203 and in 21 it was $460.</p><p></p><p>Started drawing in 2012 at age 66 and wife also at age 62 based on my SS income. I retire at age 73.</p><p>Since then and including April of this year we have received $413,403. Am close now to getting the funds we put in over those years. Did pay income tax on that income and it probably was around 20% of the funds we did receive back to Uncle Sam. Thanks Gore.</p><p></p><p>About 7 years ago i did calculate on what those funds would have been with a 3% return and the number at that time was over $500,000. Will need to update as i have time until we go to northern Canada and shed hunt again after a lapse of 3 years. At least we hope for that.</p><p> </p><p>Yes, SS is a big part of our retirement no matter what they say. Just hope it keeps up and we live another 10 years with good health and just maybe we will get back what i consider a good return as it does provide a good share of our retirement. Have not touch our savings these last two years. </p><p>Just not sure were the wife spent all those funds. db</p></blockquote><p></p>
[QUOTE="db-2, post: 341344, member: 4743"] No elk or moose for me either. But retire and time on my hand so: The wife and i started paying SS in 1969. I have done my own income tax over all those years and my numbers are: Total SS paid in by the wife, me along with the employer over those years totals $415,738. In 69 it was $203 and in 21 it was $460. Started drawing in 2012 at age 66 and wife also at age 62 based on my SS income. I retire at age 73. Since then and including April of this year we have received $413,403. Am close now to getting the funds we put in over those years. Did pay income tax on that income and it probably was around 20% of the funds we did receive back to Uncle Sam. Thanks Gore. About 7 years ago i did calculate on what those funds would have been with a 3% return and the number at that time was over $500,000. Will need to update as i have time until we go to northern Canada and shed hunt again after a lapse of 3 years. At least we hope for that. Yes, SS is a big part of our retirement no matter what they say. Just hope it keeps up and we live another 10 years with good health and just maybe we will get back what i consider a good return as it does provide a good share of our retirement. Have not touch our savings these last two years. Just not sure were the wife spent all those funds. db [/QUOTE]
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