Taxes and retirement

[Erwinspiano@AOL.COM]

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     Bob

       My understanding is earning 40 quarters at or above 18k a year gets 
you the max benifit. Compare the SS contributions from the guy making 18k a 
year(what 2K)to the guy paying the max.15k or so. They get the same benifit 
at retirement though there contributuions were no where nears equal. I call 
that wealth redistrubtion. So from that point of view folks with subchapter S 
corps are trying to equal that playing field by limiting what they give SS 
and then do whatever they wish with the extra be it investment or a vacation.
  I personally don't want the hassle of more governmental regs that come with 
a Corp at this time. If you screw up in a corp. things can get ugly as the 
state takes running them properly more serious than the fed especially here 
in the Golden State.
   Dale Erwin

>  I'm aware that you only need 40 quarters of high income to establish good 
> benefits with SS, but at what point does the average tech start this 
> process, later in life when their kids are in college? I realize that SS 
> isn't nearly enough to cover retirement, but the way most people save 
> nowadays, is it prudent to underfund 
> our retirement. What are your thoughts on this subject? 
> 
> Bob Russell 


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