St Clair County Courthouse Pell City, AL, Pell City, Alabama. 232 likes Â· 2,368 were here. Public & Government Service
This Little-Known Pension Rule May Slash Your Social Security Benefit. Mark Miller / Reuters. Updated: Apr 22, 2015 6:57 PM ET | Originally published: Apr 16, 2015. Some U.S. workers who have paid into the Social Security system are in for a rude awakening when the checks start coming: Their benefits could be chopped up to $413 per month.
Based on a 4% safe withdrawal rate, the median retireeâs non-Social Security/pension income is $8,420 per year. Supposedly, according to SAFEMAX (and SAFEMIN), assets are designed to cover 50% of your expenses; therefore, the average retiree is spending $16,840 per year. That seems quite low to me.