Lewis
Member
Subject: Social Security check
THIS AFFECTS ALL OF US.
Just a reminder…This is the clearest presentation I have seen…
Here we go.
Subject: Social Security check
Date: Friday, April 20, 2013, 5:00 AM
JUST REALIZED THAT WITH THE REQUIRED AUTO DEPOSIT, I NEVER GET TO SEE THE CHECK ...
Your SOCIAL SECURITY CHECK has become a FEDERAL BENEFIT CHECK
Have you noticed, the Social Security check is now referred to as a
"Federal Benefit Payment"?
I am forwarding this because it touches a nerve in me, and I hope it will in you.
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 - 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 (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 earned it and now need it.
And call it what it is:
Our Earned Retirement Income.
99% of people won't forward this.
Will you?
THIS AFFECTS ALL OF US.
Just a reminder…This is the clearest presentation I have seen…
Here we go.
Subject: Social Security check
Date: Friday, April 20, 2013, 5:00 AM
JUST REALIZED THAT WITH THE REQUIRED AUTO DEPOSIT, I NEVER GET TO SEE THE CHECK ...
Your SOCIAL SECURITY CHECK has become a FEDERAL BENEFIT CHECK
Have you noticed, the Social Security check is now referred to as a
"Federal Benefit Payment"?
I am forwarding this because it touches a nerve in me, and I hope it will in you.
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 - 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 (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 earned it and now need it.
And call it what it is:
Our Earned Retirement Income.
99% of people won't forward this.
Will you?
