VERY IMPORTANT - READ TO THE END...... Social Security Check 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 (40 yrs), 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, 29 Jan 2014 09:21:39 +0000
Recently Viewed Topics
© 2015