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re: The payroll income cap increases every year. Why is SS going broke?
Posted on 4/3/24 at 2:17 pm to BlackAdam
Posted on 4/3/24 at 2:17 pm to BlackAdam
quote:
I am self employed and pay the max in every year. I also qualify for a state pension which will completely wipe out my SS benefit. So I get to piss 18 grand away every year.
How so? I didn't think WEP doesn't applied if you have 30 or more years of substantial earnings under Social Security. If you got 30 years of max contributions, why wouldn't you receive your SS benefits (under current law). WEP
Posted on 4/4/24 at 8:58 am to dukkbill
quote:
How so? I didn't think WEP doesn't applied if you have 30 or more years of substantial earnings under Social Security. If you got 30 years of max contributions, why wouldn't you receive your SS benefits (under current law). WEP
I was unaware of this. I just did the calculator, and i currently don't have a benefit of about, but If I work til 62 I'll get about $300. Ill bitch slightly less about the WEP.
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