what is the processes to stop paying social security?

Question

my grandparents didnt pay social security but that was because thier work had there own retirement plan but i want to know what i can do so i can stop paying and start putting money in that money in my IRA account

Answer 1

you can't do it if you are working for a salary --- even most folks who do not have to put some in to ss so they will be able to draw medicare!!!

Answer 2

Unfortunately, outside of being an employee of a company who offers such a plan like your grandparents, or being an employee of some form of government, there is no way to elect to put money into your own IRA, INSTEAD of paying into SSI for now.


Presidents, and presidential candidates have discussed it, and I personally, think it would be a great option, but it's not available, YET.

Answer 3

definite you've paid into it and it is going to flow BANKRUPT. You do comprehend that to many those that were no longer eligible for SS were given their hands on it. you may thank the Carter administration for that. it could be like you identifying to purchase a private retirement fund, then the employer you paid reported Sorry i mandatory to purchase a sparkling boat abode for my cousin in Canada". How might want to you experience about that. i do not imagine you human beings comprehend WHAT Social protection is. you at the prompt are not getting better than you paid into it. and is no longer that humorous. some unlawful immigrant who hasn't ever paid a dime into it may get complete advantages at the same time as they turn sixty 5, they don't even ought to communicate English. yet you may in difficulty-free words upward thrust up to you paid into it, your month-to-month benefit verify will be NO the position close to as a lot because the unlawful immigrant receives, except you paid a lot into it. yet bear in suggestions, his funding changed into 0. the in difficulty-free words reason Social protection hasn't lengthy gone bankrupt yet, is they shop throwing money into it. they ought to easily decrease gadget NOW, end having human beings pay right into a corrupt gadget. Fund those that are on it now until eventually eventually they die, and grants decrease back what something have positioned into it who're never gonna see a dime from it by ability of the time they retire. i do not study the VA disability, yet there's a gadget for those that are disabled, perchance THAT gadget might want to apply the money they are throwing into the VA disability fund. would not that be extra honest, some human beings can't serve their us of a why ought to they be dealt with a lot less like a citizen/man or woman. Yeah TAX businesses out of employer. Spoken like a real liberal Democrat that would not understand difficulty-free economics.

Answer 4

There IS NO SUCH process. IF you are a pastor, priest, or the equivalent, AND you state accepting a government pension due to your income AS A PASTOR, you can avoid social security payments ON THAT INCOME. If your grandparents LEGALLY avoided social security taxes, it is because they earned the income before social security taxes began.

Answer 5

No you can`t stop paying into social security, but you can do an IRA.

Answer 6

Election to congress, employment by railroad, and death. There may be a few others [Teachers now pay into SS].

Answer 7

you cannot