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Old 02-15-2009, 10:04 PM   #1
classicman
barely disguised asshole, keeper of all that is holy.
 
Join Date: Nov 2007
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But for the sake of the argument, if they raise the age to say 80 and I die at 79 1/2 how much do I get?
Quote:
Originally Posted by Happy Monkey View Post
It depends on whether you opted to enter the program early at a reduced payout.
Lets use the above example and say I stop working and die at 79. How much am I getting after contributing my whole life? No, I am not opting for a reduced payout.
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Old 02-23-2009, 02:18 AM   #2
tw
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Originally Posted by classicman View Post
Lets use the above example and say I stop working and die at 79. How much am I getting after contributing my whole life?
Why are you confusing insurance with something completely irrelevant to Madoff? You obviously know the difference. Why are you confusing investment with insurance - two completely different topics?

Thousands of people contribute to insurance and get nothing so that the one gets reimbursement. Madoff was not an insurance company regulated by a state (ie NY). Madoff was an investment banker regulated by the organization gutted by a political agenda: the Security and Exchange Commission.
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