No. of Recommendations: 1
personally I think there are more disadvantages.......I think the retirement age could be moved again....or the amount per retiree lessened......I think a Roth IRA is a better place for such monies.....

beyond that what if an emergency came up and he needed the money??? etc....

SS could even become taxable.....

but I do think you are right to assume SS will not disappear.....

the best thing that could happen for SS is the income cap of $109k....the most earned income that could be taxable be removed....so that all earned income is taxable and the rate of taxation be reduced from 11% this year to something considerably less such as 5 - 6%.......meaning upping the amount he pays on purpose would be rather silly after such a possible change.......

Dave
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