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>The SSA could administer the same program for literally 1/5th what people are being charged. Most people aren't begging the SSA to manage their money on the c
by IanDrake 15y ago
>The SSA could administer the same program for literally 1/5th what people are being charged.
Most people aren't begging the SSA to manage their money on the cheap, so there must be some kind of benefit with those more expensive options.
However, if you really think the SSA could do better with your money, I know someone who works there and could ask them where you can over send them more of your money.
- _delirium 15y ago> However, if you really think the SSA could do better with your money, I know someone who works there and could ask them where you can over send them more of your money. AFAIK this isn't actually possible. I looked into it at some point, and the amount you contribute is completely fixed as a percentage of your (earned) income. There are years where I didn't make a lot of income, or earned income only in non-payroll-taxed categories like grad-student fellowship, and wanted to top up my SS contribution for the year, but there's no mechanism for voluntary extra contributions. (A few European countries do actually allow that; when I took a job in Denmark I had some options about what level of contribution per year I wanted to make into the state pension system.)