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Wilson County News • 1012 C St • Floresville • TX • 78114 • Ph: 830-216-4519 • Fax: 830-393-3219 • Email:
Tuesday, Sep 2, 2014
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Alvin Charmaine  
December 23, 2011 1:18pm
 
I'm not sure what the 1% is. I'm not presently seeing any "bonzo bucks" because I capped out my Social Security contribution a few paychecks ago. You don't have to pay after you cap out, this year's cap was 106,800. After the first I'll go back to paying the 4.2% that I paid last year.

To play along with your snarky musing: If I did realize an extra 2%, I'll do what I do with all increases I get (including my annual raise) - minimize and delay my tax burden. My 401 is maxed, but my wife is only putting like 12k in hers - so I could increase that more- and also, I put some money into deferred compensation annually. I can increase that if I want. I haven't spent a bonus check or raise in years. I'm in my 40's and hope to retire one day with some legs left to enjoy it.

How about you? Any big plans?
     
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