Friday, March 6, 2009

I'm eligible!

I received my annual Social Security Statement in the mail and it's official! I've earned my 40 credits! I now qualify for retirement/disability/medicare benefits. And it only took a short 13 years in the workforce.

But then of course came the kicker:

"Your estimated benefits are based on current law. Congress has made changes to the law in the past and can do so at any time. The law governing benefit amounts may change because, by 2041, the payroll taxes collected will be enough to pay only about 78 percent of scheduled benefits."

I'm not planning on receiving any type of government sponsored retirement benefits, so it's interesting that their numbers still show a 78% payout prediction. We shall see.

Oops, I just went out and pulled out last year's statement to compare and apparently I was eligible last year and didn't know it. You mean I worked all of 2008 for nothing?! ;)

1 comment:

Danwjac said...

Ha! Good luck on those benefits. I don't plan on them either, but it would be good if somehow things work out for us later in life. I hope you guys are doing well. We'd really like to come and see you for Steve's graduation. We'll see if we can!