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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.

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