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If you retire at sixty-two after working forty five years how long does it take to use up your contribution to social security?
Wiki User
∙ 16y ago
If your asking when does your benefit run out - NEVER. Live to 150 or more, you'll still receive monthly benefits...probably more than now because of Cost of Living increases and such. If your asking how much you paid in compared to how much your getting back...especially as contributions were very low many years ago, even today it depends on your salary, etc. your best able to get that from SS on your history record. (You should get this and make sure all your earnings are reported).
Wiki User
∙ 16y ago
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Is an IRA contribution good for your financial future?
An IRA contribution is a very wise decision to make when planning for your finanacial future. Many people think they can live on their social security checks after they retire. Which can be done, but it is a constant struggle and any sort of unexpected bills are difficult to afford and increase stress after you retire. To secure a good financial future in which you are not living paycheck by paycheck an IRA contribution is a nessecity.
To stop working usually at a certain age?
Retire
How do you find out how much you get when you retire at the age of 62?
where can i get info on how much will i receive from social security when i retire at age 62 or how can get in touch with social security
Can you retire and collect Social Security at age 51?
why can i retire at 51 can i get any benenfit
Did Rosa Parks retire or keep working?
retire to help her family
What did social security do?
It gives people a regular income after they retire.
Can you retire in Canada and receive your social security check?
Yes
What can terrorists track after you retire from military?
Social Security Number
What is Loss of job income continuation?
Job security is and always has been the primary consideration for most workers.They want assurance that their jobs and the income derived from working will continue until they are ready to retire.
What is the earliest age I can retire?
The earliest age that you can retire is at 62 years old.
Did Abraham Lincoln retire or continued working?
are you using 'retire' in place of died. Lincoln died, he was assassinated.
Did the wright brothers retire or did they die working?
They retired
