New Social Security Checks
THIS IS WORTH THE FEW MINUTES IT TAKES TO READ AND DIGEST!
F.Y.I. By changing the name of SSC contributions it gives them a means to
refute this program in the future. It's free money for the government to
spend under this guise.
It is really sad to think that most people will just roll over and accept
this as if there is nothing that can be done, but maybe there is if we make
a little noise about our displeasure with what they have done to today's
retirees. I will pass this on!!!!!
The Social Security check is now (or soon will be) referred to as a
*Federal Benefit Payment*?
I'll be part of the one percent to forward this. I am forwarding it because
it touches a nerve in me, and I hope it will in you.
Please keep passing it on until everyone in our country has read it.
The government is now referring to our Social Security checks as a "Federal
Benefit Payment."
This isn't a benefit. It is our money paid out of our earned income! Not
only did we all contribute to Social Security but our employers did too. It
totaled 15% of our income before taxes.
If you averaged $30K per year over your working life, that's close to
$180,000 invested in Social Security.
If you calculate the future value of your monthly investment in social
security ($375/month, including both you and your employers contributions)
at a meager 1% interest rate compounded monthly, after 40 years of working
you'd have more than $1.3+ million dollars saved!
This is your personal investment. Upon retirement, if you took out only 3%
per year, you'd receive $39,318 per year, or $3,277 per month.
That's almost three times more than today's average Social Security benefit
of $1,230 per month, according to the Social Security Administration.
(Google it – it's a fact).
And your retirement fund would last more than 33 years (until you're 98 if
you retire at age 65)! I can only imagine how much better most
average-income people could live in retirement if our government had just
invested our money in low-risk interest-earning accounts.
Instead, the folks in Washington pulled off a bigger *Ponzi scheme* than
Bernie Madoff ever did.
They took our money and used it elsewhere. They forgot (oh yes, they knew)
that it was OUR money they were taking. They didn't have a referendum to
ask us if we wanted to lend the money to them. And they didn't pay
interest on the debt they assumed. And recently they've told us that the
money won't support us for very much longer. (Isn't it funny that they
NEVER say this about welfare payments?)
But is it our fault they misused our investments? And now, to add insult
to injury, they're calling it a *benefit*, as if we never worked to earn
every penny of it.
Just because they borrowed the money, doesn't mean that our investments
were a charity!
Let's take a stand. We have earned our right to Social Security and
Medicare. Demand that our legislators bring some sense into our government.
Find a way to keep Social Security and Medicare going for the sake of that
92% of our population who need it.
Then call it what it is: Our Earned Retirement Income.
99% of people won't forward this. Will you?
You can bet I WILL!!!
