The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Bonds & Fixed Income Investments

URL:  https://boards.fool.com/your-benefit-in-retirement-is-determined-by-your-29387178.aspx

Subject:  Re: Way OT: FICA question in case anyone knows Date:  6/29/2011  3:21 PM
Author:  pauleckler Number:  33003 of 36799

Your benefit in retirement is determined by your earnings history. I have not seen an analysis, but the increased SS and income taxes you pay may be balanced by your additional benefit in retirement. But at age 27, that benefit is so small, who knows if it will matter.

I suspect this matters most if you happen to become disabled and collect under SS disability.

Every cash business out there is potentially a gray market business. All have this question. I don't know if there is a good answer.
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us