Author Topic: Social Security becomes FEDERAL BENEFIT CHECK  (Read 217 times)

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Offline rangerrebew

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Social Security becomes FEDERAL BENEFIT CHECK
« on: January 05, 2014, 08:47:06 AM »


 Have you noticed, the Social Security check is now 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 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 your 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 - its 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 (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 .

 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.

Offered by John C.

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 !!!*


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