1 New Message
Digest #1054
Message
Thu Oct 25, 2012 7:48 pm (PDT) . Posted by:
"Luke Snyder" skywalker2456
Sent: Wed, October 24, 2012 8:38:44 AM
Subject: Fwd: Social Security
Another thing to annoy the hell out of us seniors:
SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT /ENTITLEMENT!
Have you noticed, your 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 isnt 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, 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).
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 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, theyre 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.
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?
Subject: Fwd: Social Security
Another thing to annoy the hell out of us seniors:
SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT /ENTITLEMENT!
Have you noticed, your 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 isnt 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, 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).
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 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, theyre 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.
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?
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