Freedom is Work

Social Security Now Called a "Federal benefit" - Part 2 (finally!)


Sorry for the delay, folks, but my buddy Gary finally located the post I wanted to use. Here it is, with a big "Thank You" to Gary Reno, a Great American and a wonderful personal friend.

Just a reminder, Better pass this around, it's the

clearest presentation I have seen in quite some time.

Social Security check

Here we go.

JUST REALIZED THAT WITH REQUIRED AUTO DEPOSIT,

I NEVER GET TO SEE THE CHECK ....

ALERT EVERYONE YOU KNOW.

THIS AFFECTS ALL OF US.*

*Subject:*

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. 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 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 (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.

My thoughts: Whoever wrote this has a valid point. This is our money. It's a savings account; it should be drawing some interest - tax-free interest - and whatever we and our employers paid in, plus interest, should be available to us either as a lump sum, a monthly payment based upon the average lifespan for the age  and date of birth of the beneficiary or a lesser amount to be paid in lifelong monthly payments. We should also have the option of receiving a portion of the money in a lump sum and then small monthly payments, either to be paid in "X" number of years or until death. The point is that the choice of how we receive our money should be ours and ours alone! Instead it was set up as a Ponzi scheme. There are valid reasons such schemes are illegal - unless you happen to be the federal government! What do YOU think?