?

Log in

No account? Create an account

Previous Entry | Next Entry

Social Security Checks...

 As the story was told...


Before  reading the information below, I'd like to share an incident that
happened to me  a couple months ago at a Walgreens. My husband had a new
prescription that cost  over $200. I have the Balance Rewards card from
Walgreens, which honors  prescriptions as well as other purchases. So, I
asked for the Balance Rewards  for this prescription to be added to my
Rewards account.

The  pharmacist said she couldn't because I was paying for it with an
entitlement. I  explained that we have never been on any kind of entitlement
program. She stated  that Social Security and Medicare are entitlements.

I  tried not to come unglued, but told her nicely that my husband and I had
earned  our Social Security and Medicare with money paid into these accounts
each and  every payday. She said she understood, but it was now called an
entitlement, and  I couldn't get the Rewards points. I could care less about
the Rewards points,  but was livid that the government now called Social
Security (that we paid into  all our lives) an entitlement!

To  be fair to Walgreens, the pharmacist said that this was a federal law --
that no  one on entitlement can benefit from those payments in any
way...getting reward  points. Wow! The government has their hands in
everything! Anyway, now please  read the item below...

If  you get any Social Security at all in any manner, you might want to
read. Did  you know this?


Unfortunately  most did not, and I am one of those whose Social Security
funds are direct  deposited to my bank, thus, I never see the checks. Once
again, our beloved  congressmen are playing fast and loose with vernacular.
What motive did they  have for changing the name of our Social Security? I'm
sure they have a plan,  and it won't be to our betterment.


Here  we go. JUST REALIZED THAT WITH REQUIRED AUTO DEPOSIT, I NEVER GET TO
SEE THE  CHECK .... ALERT EVERYONE YOU KNOW. THIS AFFECTS ALL OF US.*
*Subject:* SOCIAL  SECURITY becomes FEDERAL BENEFIT CHECK. Have you noticed,
the 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. It is 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 . 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...


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 (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. 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!


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.*

99%  of people won't forward this. Will you? *You can bet I WILL!*

I  THINK WE SHOULD DEMAND THAT THEIR SALARIES AND RETIREMENTS BE CALLED
FEDERAL  BENEFIT PAYMENTS. THIS WOULD BE MORE HONEST THAN WHAT THEY HAVE
DONE TO OUR  SOCIAL SECURITY.

Profile

AN
vladibo666
vladibo666

Latest Month

November 2017
S M T W T F S
   1234
567891011
12131415161718
19202122232425
2627282930  

Tags

Powered by LiveJournal.com
Designed by Tiffany Chow