The many working Americans preparing for retirees (regardless of age) will come to the future, social security and future viability of the federal program.
The author and Podkaster Todd Galloway, a short statement that describes the controversial opinion, has a detail of a social security policy.
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A question that is often associated with social security and focuses on reliance only in the retirement of their benefits.
The consensus between pension experts is the disappearance; Other savings and investment vehicles should be planned during a business year.
Related: Scott Galloway, Americans warn about social security, pension money
401 (k) and tax benefits) (individual retirement accounts) using the most common pension instruments, the future of social security monthly salaries.
Surprise which of these is the most effective for pension deposits. The answer is both, both, both of them, a clever approach.
401 (k) The good recommendation of an employee is the best recommendation of an employee to a certain percentage of an employee’s income to a maximum of the match and invest in an IRA.
Roth IRAs are often recommended, because taxes allow taxes to allow taxes to retire.
Another concern about the social security of people is whether it is around when retiring. Without the legislative action, this declare The trusted fund of the age and survival (Oas) will run out of money in 2033.
At that time, the continuation of social security revenues would only be enough to pay 79 percent of the expected benefits of the buyer.
Galloway has a strong idea about how social security is financed.
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Scott Galloway explains the social security tax in 6 words
Galloway explained an opinion in a different struggle where Americans would choose to pay for social security.
“I want to say that social security tax,” Galloway said in a statement stationed to Instagram. “Let’s say you earn $ 150,000 a year. You pay $ 9,000 in a year or about 6% a year.
Galloway then reduced his opinion on social security taxation to a very short statement.
“This makes a regressive tax,” he said.
In general, a regressive tax, a loaded load of less luggage, which is more loaded, because of the amount of taxes, regardless of the level of income, regardless of the level of income.
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“Thus, this reflects what happened in each industry, which is income inequality in the industry,” Galloway continued. “CEO compensation is under control. I don’t know if there’s anything you can do about it.”
“You have to pay what you can do, at least pay the fair share of taxes.”
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Scott Galloway thinks that social security should be checked
In the past, Galloway said he believed he believed, as one heard, like one of $ 16 million, should not be the right to collect social security.
“They call it a social security tax,” he said. “There are a large number of taxes I paid in places where I do not register benefits. Social security is not called a retirement fund.”
Galloway, over time, most people who collect social security, take two or three times money through social security tax.
This is an argument for Galloway, vehicle test.
Thinking, social security monthly benefits, which means more for a person with a person with a larger percentage of total retirement revenues.
In this case, Galloway thinks that social security salaries are simply necessary for people at a certain level of income.
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