3/29/13

Instead of chiseling away at the Social Security cornerstone, let’s bolster it into an improved national retirement system. There are a number of ways to shore up the program’s underlying finances without cutting into benefits. For example, raising the cap on wages subject to payroll taxes from its current $113,700 for 2013 to around $250,000 extends the projected date of 2033 for exhausting the system’s reserves for another four decades or so. Eliminating the cap altogether essentially gets rid of any funding shortfall for the next 75 years. http://finance.yahoo.com/news/social-security--good--but-could-be-better-144919859.html

0 Comments:

Post a Comment

Please make yourself heard with a COMMENT! We welcome your comments. How about a comment? Thanks!

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home