Because they want to keep all the money. Fuck all the lives we wanted to keep with our Pro-lies movement. Everything is ur fault! Some say years , others say as much as years as it stands today.
One solution would be to remove all wage caps.
The employer matching could be dropped after 1K. Unless we in government are willing to act, a sword of Damocles will soon hang over the welfare of millions of our citizens. The Republicans and Democrats came together in a bipartisan effort to kick-the-can.
If you retire and still have minor children (kids under age 18) at home they can collect social security benefits that are equal to half of your full retirement age benefits. One loophole allowed married individuals to begin receiving a spousal benefit at full retirement age, while letting their own retirement benefit grow. A little background as I understand it.
I remember the good old days when there were lots of loopholes in the tax law that I could use to minimize clients’ income tax. Social Security reform legislation.
In what can be called loopholes. Over years in law enforcement and investigations in criminal and civil matters spanning the United States and Canada.