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Howard Reynolds wrote (Jan. 2) that he and his employer paid $48,000 into Social Security and, starting at age 62, it took only 30 months to get that amount back. That is equal to a Social Security check of $1,600 a month.
My employer and I also paid the maximum of $48,000 into Social Security before I took retirement at age 62 in 1988. In the first 30 months, I collected only $22,556. In 1995, I am getting only $874 a month.
How did Mr. Reynolds manage to get more than twice as much as me?
