Once your wages are above a certain threshold, you can cease contributing to Social Security for the remainder of the year. You read it correctly; all your earnings may not be taxed on Social Security if you earn a high salary. Workers contribute to Social Security until their annual income hits the Social Security tax cap.
Tag: income
The Astonishing Reasons to Not Retire in The USA
America is an awful place to retire. At least, according to Natixis, worldwide asset management. We are ranked 18th in the current Global Retirement Index for “retirement security.”
House Hacking Your Way To A Bigger Retirement
House Hacking can be crucial in building a retirement or subsidizing your current retirement. Discover how you can take advantage of this trend below.
