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flstf · 12-16-2004, 08:02 PM

There is no max set that you pay over your lifetime. You pay SS taxes on the first $88k (I think this is indexed to inflation, in 2002 it was $84,900.) or so each year until you stop working. I am not sure what the max payout is but I stopped working in 2002 and when I get to be 65 in 10 years I will get over double the amount that pan mentioned. Plus this amount will also go up because it is indexed to inflation. If your wife also worked, she gets separate benefits determined by her lifetime of wages as well. You can get a printout of the benefits you are eligible for from the SS website.

12-16-2004, 08:02 PM	#38 (permalink)
flstf Easy Rider Location: Moscow on the Ohio	There is no max set that you pay over your lifetime. You pay SS taxes on the first $88k (I think this is indexed to inflation, in 2002 it was $84,900.) or so each year until you stop working. I am not sure what the max payout is but I stopped working in 2002 and when I get to be 65 in 10 years I will get over double the amount that pan mentioned. Plus this amount will also go up because it is indexed to inflation. If your wife also worked, she gets separate benefits determined by her lifetime of wages as well. You can get a printout of the benefits you are eligible for from the SS website. Last edited by flstf; 12-16-2004 at 08:05 PM..