> Just a reminder, Better pass this around, its the clearest presentation > I have seen in quite some time. > > Social Security check > > Here we go. > > JUST REALIZED THAT WITH REQUIRED AUTO DEPOSIT, > I NEVER GET TO SEE THE CHECK .... > > ALERT EVERYONE YOU KNOW. > THIS AFFECTS ALL OF US.* > > *Subject:* > SOCIAL SECURITY becomes FEDERAL BENEFIT CHECK > > Have you noticed, the Social Security check is now referred to as a > > Federal Benefit Payment? > > Ill 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 isnt a benefit. It Is 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, thats 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 your and your employers contributions) at a meager 1% Interest rate > compounded monthly, after 40 years of working youd have > more than $1.3+ million dollars saved! > > This is your personal investment . > Upon retirement, if you took out only 3% per year , youd receive $39,318 per year, or $3,277 per month. > > Thats almost three times more than todays average Social Security benefit of $1,230 per month, according to the Social Security Administration > > (Google it - its a fact). > > And your retirement fund would last more than 33 years (until youre 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 (Knew) that it was OUR money they were taking. > > They didnt have a referendum to ask us if we wanted to lend the money to them . > > And they didnt pay interest on the debt they assumed . > > And recently, theyve told us that the money wont support us for very much longer . > > But is it our fault they misused our investments? > > And now, to add insult to injury, theyre calling it a benefit , as if we never worked to earn every penny of it. > > Just because they borrowed the money, > doesnt mean that our investments were a charity! > > Lets 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 wont forward this. > > Will you? > > *You can bet I WILL !!!*
Posted on: Wed, 22 Jan 2014 23:38:09 +0000