Social Security Checks..............VERY IMPORTANT FOR YOU
David M. Adam
*Before reading the
information below, I'd like to share an incident that happened a couple of
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 an 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 NOW. 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 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 .... *
*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.*