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The Shockingly Simple Math Behind Social Security

Mr. Money Mustache·Mr. Money Mustache·about 1 month ago
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– In the world of very early retirement, we tend to ignore one of the most important things for normal retirees: the Social Security program. Don’t get me wrong, it’s a great thing for the 73 million people who currently draw benefits, and it provides an essential safety net for many who don’t have much income from anywhere else. But for those of us leaving the workplace in our 30 and 40s, Social Security is just a fuzzy concept in the very distant future. We aren’t thinking about money that eases us into our Golden Years, we need something that starts working now. Plus we’d rather not rely on our government keeping its promises that far into the future. Those were my thoughts in 2005, when I was just a young retiree myself. But a funny thing happens when time passes: you get older. And you realize that there are plenty of other older people around too. And suddenly, Social Security is an important subject after all, that many people would like to know more about.…

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