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Old 04-02-2016, 12:43 AM
 
26,086 posts, read 28,495,710 times
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Quote:
Originally Posted by Maple47 View Post
It seems SS benefits are based on my income less 401k contributions.
No, that's wrong. SS is a flat 6.20% of all wages, regardless of whether you contribute to a 401k or not.
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Old 04-02-2016, 12:48 AM
 
26,086 posts, read 28,495,710 times
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Quote:
Originally Posted by StealthRabbit View Post
Hint: there are many ways to gain daily financial information and education. Many of us pursue that skill, MOST USA retirees and wage earners do not.
Truth^^^
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Old 04-02-2016, 03:43 AM
 
71,550 posts, read 71,712,424 times
Reputation: 49155
Quote:
Originally Posted by Maple47 View Post
It seems SS benefits are based on my income less 401k contributions. SS does not see 401k contributions, as I don't pay FICA on them! That is what have found on the Internet.
wrong -wrong and wrong .
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