trust! NEW SS CHECKS
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? I just did
!!!
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