Any comments about Mr Madoff?

[Happy Monkey]

Originally Posted by classicman

Ok, I've not thought of it this way before, I recognize that there will be little to nothing when I retire and try to plan accordingly.

You recognize incorrectly, then. As stated, there will definitely not be "nothing". The actual amount is dependant on many varibles, including the ratio of workers to retirees and the state of the economy (how much total salary there is to tax). It will probably be significant, but it is always good to plan to have more, if you can.

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?

It depends on whether you opted to enter the program early at a reduced payout.