Will Social Security Run Out? What You Need to Know
Is Social Security “drying up”? How much are you really paying in—and how much comes back to you? In this week’s Retire & Thrive, Kamie and Dan unpack Social Security in plain English: the 6.2% you see on your paycheck (plus your employer’s match), what that 1.45% Medicare line means, and the current wage cap that stops FICA mid-year for higher earners. We dig into when to claim (62 vs. FRA vs. 70), why the higher earner often benefits from waiting, and how spousal vs. survivor benefits actually work. Then we tackle taxes—the difference between “up to 50%/85% taxable” and the tax you actually…
The skinny
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