Sat Mar 23, 2024 11:33 pm by globalturbo
Good information about Social Security that we should all be aware of.
Who died before they could draw their Social Security?
KEEP PASSING THIS AROUND UNTIL EVERY ONE HAS HAD THE OPPORTUNITY TO READ IT... THIS IS SURE SOMETHING TO
THINK ABOUT!!!! THE ONLY THING WRONG WITH THE GOVERNMENT'S CALCULATION
OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO
DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK!!! WHERE DID
THAT MONEY GO?
Remember, not only did you and I contribute to
Social Security, but your employer did, too. It totals 15% of your
income before taxes. If you averaged only $30K over your working life,
that's close to $220,500. Read that again!
Did you see where the Government paid in one single penny?
We are talking about the money you and your employer put in a
Government bank to insure you and I that we would have a retirement
check from the money we put in, not the Government. Now they are
calling the money we put in an ENTITLEMENT when we reach the age to take
it back.
If you calculate the future invested value of $4,500
per year (yours & your employer's contribution) at a simple 5%
interest (less than what the Government pays on the money that it
borrows), after 49 years of working you'd have $892,919.98. If you took
out only 3% per year, you'd receive $26,787.60 per year and it would
last better than 30 years (until you're 95 if you retire at age 65) and
that's with no interest paid on that final amount on deposit! If you
bought an annuity and it paid 4% per year, you'd have a lifetime income
of $2,976.40 per month. If you have a deceased spouses who died in their
50's -- their S.S. money will never have one cent drawn from what they
paid into S.S. all their lives over the past 30 years!
THE FOLKS IN WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID.
Entitlement my foot, I paid cash for my social security insurance!
Just because they borrowed the money for other government spending,
doesn't make my benefits some kind of charity or handout!!
Remember Congressional benefits? --- free healthcare, outrageous
retirement packages, 67 paid holidays, three weeks paid vacation,
unlimited paid sick days.
Now that's welfare!!! And they have the nerve to call my social security retirement payments entitlements?!?
We're "broke" and we can't help our own Seniors, Veterans, Orphans, or Homeless.
Yet in the last few months we have provided aid to Haiti, Chile and
Turkey. And now Pakistan......home of bin Laden. Literally,
BILLIONS... if not TRILLIONS of DOLLARS are unaccounted for!!!
They call Social Security and Medicare an entitlement even though most
of us have been paying for it all our working lives, and now, when it's
time for us to collect, the government is running out of money. Why did
the government borrow from it in the first place? It was supposed to
be in a locked box, not part of the general fund.
Sad isn't it. 99% of people won't have the guts to forward this. I'm in the 1% --
I just did.
Thanks to Jackie McGuinnis on Facebook
Who died before they could draw their Social Security?KEEP PASSING THIS AROUND UNTIL EVERY ONE HAS HAD THE OPPORTUNITY TO READ IT... THIS IS SURE SOMETHING TO
THINK ABOUT!!!! THE ONLY THING WRONG WITH THE GOVERNMENT'S CALCULATION
OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO
DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK!!! WHERE DID
THAT MONEY GO?
Remember, not only did you and I contribute to
Social Security, but your employer did, too. It totals 15% of your
income before taxes. If you averaged only $30K over your working life,
that's close to $220,500. Read that again!
Did you see where the Government paid in one single penny?
We are talking about the money you and your employer put in a
Government bank to insure you and I that we would have a retirement
check from the money we put in, not the Government. Now they are
calling the money we put in an ENTITLEMENT when we reach the age to take
it back.
If you calculate the future invested value of $4,500
per year (yours & your employer's contribution) at a simple 5%
interest (less than what the Government pays on the money that it
borrows), after 49 years of working you'd have $892,919.98. If you took
out only 3% per year, you'd receive $26,787.60 per year and it would
last better than 30 years (until you're 95 if you retire at age 65) and
that's with no interest paid on that final amount on deposit! If you
bought an annuity and it paid 4% per year, you'd have a lifetime income
of $2,976.40 per month. If you have a deceased spouses who died in their
50's -- their S.S. money will never have one cent drawn from what they
paid into S.S. all their lives over the past 30 years!
THE FOLKS IN WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID.
Entitlement my foot, I paid cash for my social security insurance!
Just because they borrowed the money for other government spending,
doesn't make my benefits some kind of charity or handout!!
Remember Congressional benefits? --- free healthcare, outrageous
retirement packages, 67 paid holidays, three weeks paid vacation,
unlimited paid sick days.
Now that's welfare!!! And they have the nerve to call my social security retirement payments entitlements?!?
We're "broke" and we can't help our own Seniors, Veterans, Orphans, or Homeless.
Yet in the last few months we have provided aid to Haiti, Chile and
Turkey. And now Pakistan......home of bin Laden. Literally,
BILLIONS... if not TRILLIONS of DOLLARS are unaccounted for!!!
They call Social Security and Medicare an entitlement even though most
of us have been paying for it all our working lives, and now, when it's
time for us to collect, the government is running out of money. Why did
the government borrow from it in the first place? It was supposed to
be in a locked box, not part of the general fund.
Sad isn't it. 99% of people won't have the guts to forward this. I'm in the 1% --
I just did.
Thanks to Jackie McGuinnis on Facebook
