this came in an email the other day and I wondered what you thought:
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 totaled 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 ensure 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.
Another thing with me.... I have two deceased husbands who died in
their 50's, (one was 51 and the other one was 59 before one
percent of their social security could be drawn. I worked all my life and am drawing 100% on my own social security). Their S.S. money will never have one cent
drawn from what they paid into S.S. all their lives.
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" (raided the Social Security fund), 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.
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.
Z: I'm no expert on the subject of Social Security............so I wanted you to chime in today.............this sounds right. Got any answers for the questions?
z
z







