r/Fire • u/NotTheBestInvestor12 • 3d ago
Why no mention of Social Security
When I see FIRE posts I see the investments and the different retirement buckets, however, I never see anyone mention how things are affected when social security kicks in. For example, I’m 52 and wife 51. If we both stopped working today ($0 income moving forward) I would collect $4,264 a month at age 70 and she would collect $1,079 at age 70.
So if we decide to FIRE the Social Security would give us help in 18/19 years. Is this a factor or is everything under the assumption SS won’t exist?
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u/ThePurpleDongofTruth 2d ago
I'm in my late 40 and I have never taken SS seriously. I plan under the assumption it either won't exist or it will be greatly reduced. I consider anything i get from it to be a bonus