REPEAT AFTER ME: Social Security is OUR money, NOT an "entitlement"!
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@morethanmySLE FICA:: On W2: You pay 7.65% & emp pays 7.65% On 1099: you pay full 15.3% as "self emp tax" Dep on inc most pay bet $12K - $18K/yr, $480K - $720K over 40yrs. Using a simple 3% avg cmpd int your acct is bet $0.943M - $1.413M Providing $6K -$8.5K/mo for next 20yrs @SRuhle