Tuesday, August 20, 2013

Social Security Checks

Social Security becomes Federal Benefit Check 
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. 
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.
Source: Internet

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