IS SOCIAL SECURITY A RIP OFF FOR AMERICANS?

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 isn’t 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 employer’s contributions) at a meager 1% interest rate compounded monthly, after 40 years of working you'd have more than $1.3+ million dollars saved!

30,000 X 15% = $4,500 / year X 40 years = $180,000.

$4,500 / 12 months = $375 / month.

Save $375 each month for 40 years = $180,000.

Compound your savings and keep what you earned.

It’s easier to live on 4% of $1,300,000 ($52,000 / year) than $1,000 / month from Social Security.  Social Security keeps $40,000 of your retirement funds every year.

And what do your family and heirs receive from Social Security after you pass on?  Certainly not a million dollars.

Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com