Social Security vs. Federal Benefit Payment

I got this as a forwarded message and would love to know how accurate this information is before I get annoyed at the things our government does to manipulate our finances, our lives, our future. I’m keeping my fingers crossed that snopes.com will think this is false info but I have a feeling it’s not… it’s the US government after all and we’re mere pawns. SMH

If it is in fact, accurate… please forward it to as many people so that we can all be united in pressuring our legislators to stop meddling with our monies. Please leave a comment.

SSS -piece-page-17.jpg

The Social Security check is now (or soon will be) 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 is our money paid out of our 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.

 

SSS little-red-riding-hood-cartoon.jpg

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.

social-security-benefits1.jpg

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 (oh yes, they 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.

soc security toon.jpg

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.

Just because they borrowed the money doesn’t mean that our investments were a charity!

Soc Sec AftertheCrash

 

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.

soc sec1

 

99% of people won’t forward this. Will you?

 

Namaste!

LIVE   LAUGH … BELLE PAPILLON 

 

Thank you for taking the time to read this post. Please remember to like, comment, share, and “follow” and/or subscribe here before you leave. Have a blessed day!  Come join me on TwitterFacebook, and Instagram. See you there!🙂

 

 

Advertisements

4 thoughts on “Social Security vs. Federal Benefit Payment

      1. Yeah, co we get so blind when we’re in love 😍– oh, I’m speaking for myself.
        So how do we explain stuff the government does to manipulate us? It’s the media huh? Any conspiracy theorists here? LoL 🤣

        Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s