Retirement
from24/7 Wall St.
3 days agoSocial Security could be stabilized by taxing high earners more - is eliminating the payroll cap the answer?
The Social Security trust fund is projected to become insolvent by 2035 without significant reforms.
"The OP does not believe that he or his wife will use the funds during their lifetime because his wife has a $250K per year income, and heâs completing his MBA on the GI Bill."
Raad claims she signed agreements with Bank Audi managers in Lebanon to transfer the money in separate installments of about $2 to $3 million to herself, son and daughter - and paid taxes in America on the full amount while waiting.