JD, you are correct, self employed did not have to join, but I did say anyone that contributed on 40 quarters of income would qualify at 62 years old. Neverthless, I would have to ask why would, all those self-employed, farmers, ect that chose to never contributed to the system, believe they should collect anything from it ? When SS started out it was taxed 2% of income, half paid by employeer and half by employee. Now it is 15.5%, I think. You are correct that during the late 70s early 80s inflation was hi, but so were interest rates. SS contributions and benefits more or less kept up with inflation during that period. The biggest payroll tax increase ever was when they "saved SS" in the early 1980's. My grandpa, a farmer, retired in 1968 at 65 years old. He said it took him about 2 years to withdraw every thing he ever contributed to the SS system. He lived to be almost 98. He thought the inflationary period in the 70s and 80's were the good times. He had certificate of deposits paying 17 and 18%. e
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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