SS has nothing to do with income tax. There should be no income related rules for receiving SS. If you don’t want to work when younger you don’t get any SS when you are older, this isn’t a giveaway plan.
SS was never intended to provide you enough money to live on, you have to take responsibility to provide your own income while in retirement, it’s called savings instead of spending every $ you make while working.
SS requirements cannot be changed for you once you are grandfathered into the plan, I hey can only change things for new enrollments.
The government has made it possible for decades for people to make it easier to save for retirement, it’s called the 401k option. Most people either don’t use this option or fund it poorly. You can take a horse to a water trough but you can’t force it to drink.
I paid the maximum I could into my 401k plan for decades, but I also invested 60% of my income into the stock market while working.
1 more thing, you aren’t going to get rich investing in the high cost low gains funds in these 401k plans. Every time I quit a job; I moved my 401k plans into my own IRA account so I had the freedom to invest all of this money anywhere I wanted, no restrictions.
No congress is going to make any unpopular SS changes so we will probably end up with lower SS benefits in 8 years
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