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Pastimes : Let's Talk About Our Feelings!!!
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To: Bill who wrote (71889)1/10/2000 1:48:00 PM
From: Lizzie Tudor  Read Replies (1) of 108807
 
I'm not at a location where I can look this stuff up, but I was close enough. The 13K tax is the "self employment tax" in turbotax, and admittedly, I don't know what it includes - maybe its medicare+ss combined or something.

I am not including the approx 1.5K for medicare which people pay out here for stock options (a lot of people have small amts of stock options which augment their income).

But back on topic, again, 9K per year which is not enough. Since you have materials nearby, can you tell me how much fidelity says 9K/year equates to for a 30 year old with 35 years to retirement? A heck of a lot more than 300K, which is about what these people can expect to get out of SS if they are lucky and it doesn't go bust.
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