Is our gtovernment trying to make us feel like they are doing us a favor
Social Security --new namePay attention to your next Social Security income, whether you get a check or an electronic deposit....note what it is now called...see below.. Even if you don't receive SS yet, you need to read this!
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 isnot a benefit its 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 years) 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.
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).
I can only imagine how much better most average-income people could live in retirement if our government had 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 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, they are 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!
Lets take a stand.
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
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