Monday, November 17, 2014

Social security

Over my lifetime of working I have contributed $150,000 to social security. If you guesstimate an average of a 4% return for 30 years, I will be 89.5 before I start taking out more than I put in. This is my money. Since the majority of my career I have been self employed, that means I pay my part and the employers part. So when you read your bottom line on your social security report think about what your employer contributed and then think about us small businesses where we pay both parts.

 

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