Tag: savings
Some think in terms of household income of $400,000; the answer is $70,000 When the time comes to fix Social Security, one prominent proposal would raise the payroll tax and apply the tax on earnings above $400,000. Hanging around financial types and academics who worry about pensions and retirement income, it is easy to get…
Jennifer Lee wanted to work until 70 to max out her monthly Social Security checks – at least that was the plan before she was laid off three years ago from a Washington D.C. church. The church’s newly hired pastor “decided he wanted a whole new staff,” she said. “I felt to a degree …
