Latest News
Don’t Resent Paying Into Social Security
We hear griping often from those who resent paying a piece of their work earnings to Social Security via payroll taxes. To be exact, current law mandates that 6.2% of everything you earn up to $142,800 this year will go to Social Security. That seems like a lot to many, but in reality it’s a small and very necessary contribution to your future well being. One reality not often stated is that you’ll get back everything you contributed within about 5 years of collecting benefits. But another even more serious concern is this - what if you arrive at your golden years without a Social Security benefit to rely on? This article by Dr. Glenn Mollette appearing at The Caldwell County (MO) News describes what that would be like. Click here to read more.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.