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Why do you think that's absurd? Social Security is basically a very inefficient (and potentially insolvent) retirement plan. The more you put into it, the more
by meritt 9y ago
Why do you think that's absurd? Social Security is basically a very inefficient (and potentially insolvent) retirement plan. The more you put into it, the more you should get out. That's why people would want to maximize contributions.
- CPLX 9y agoI guess you'd have to do the math and maybe there's an edge case but it seems almost totally and completely inconceivable that you'd be better off increasing your rate of payroll income (which also adds the 2.9% Medicare tax as well) in hopes of one day getting larger social security checks, rather than the alternative of keeping and saving it now.