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Joseph (Dr. Joe) Zingone's avatar

Nikki, Been super busy and miss talking to my Fav economist. I believe that the addition of SS benefits in '35 was a mistake. People should have to plan for themselves we shouldn't become a Socialist country. By the way, I love Peterson's web site. Even though he was, the father, a Democrat and Commerce Secretary under Clinton, the son is running a fairly middle of the isle organization. By the way, with SS what doesn't any of the employer match, the other 6.25 %, benefit the worker? talk soon Joe Z

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Nikki Finlay's avatar

Yes, employers have to match FICA taxes, and submit a proportion of your pay to the unemployment insurance fund.

I’m not complaining, but the University System of Georgia also took 5% off the top for retirement. But they also generously matched. I’m just glad I didn’t join the Teacher’s Retirement System and had a 401(k).

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Jessey Anthony's avatar

I agree. We should plan for ourselves. Relying solely on the government is the worst plan anyone should make.

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