Social Security Payroll Taxes Reduced in 2011

[Hector]

Originally Posted by snshijuptr

Neither DH nor I pay SS so there is no benefit here (government jobs). Of course that also means no SS once we retire.

Good for you. Last SS bulletin that I got said, if nothing is being changed we will run out of SS fund in 2037.

[ukgaz]

Not sure what I will do with the extra money.

I will do either

1) Increase my percentage that I contribute to my 401k - Currently 6%
2) Increase my EF - Currently $50 a month

[creditcardfree]

I've decided our 2% will go into my husband's TSP. It helps reduce our taxable income that way, too.