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.
Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.