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Calling all math wizards! Has the law of deminishing returns set in? When I look at my pay stub and all the deductions, I wonder if it is worth working any longer? Only 38% of my salary is take home pay, 43% goes to state and federal taxes, 8% to SS & Medicare, 9% to a 401k, & 2% to other items such as United Way. I won't be eligible for SS for 3 1/2 yr.but most retirement calculators show I have enough set aside. (When I retire I plan to live in a state with no or little in the way of state taxes.) Is it worth it to keep working?
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