Bumperdog
Newbie
SOMETHING TO THINK
ABOUT
THE ONLY THING
WRONG WITH THIS CALCULATION IS THEY FORGOT TO FIGURE IN
THE PEOPLE WHO DIED BEFORE THEY COLLECTED THEIR SOCIAL
SECURITY!!!! WHERE DID THAT MONEY
GO?????????????
This was sent to
me, I am forwarding it because it does touch a nerve in
me.
Remember, not only did you 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.
If you calculate the future value of
$4,500 per year (yours & your employer's
contribution) at a simple 5% (less than what the govt.
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.
The folks in
Washington have pulled off a bigger Ponzi scheme than
Bernie Madhoff ever had.
Entitlement my ass, I
paid cash for my social security insurance!!!! Just
because they borrowed the money, doesn't make my
benefits some kind of charity or
handout!!
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
entitlements?
We're "broke" and can't help our
own Seniors, Veterans, Orphans, Homeless
In the
last months we have provided aid to Haiti, Chile , and
Turkey . And now Pakistan
......home of bin Laden. Literally, BILLIONS of
DOLLARS!!!
Our retired seniors living on a 'fixed
income' receive no aid nor do they get any breaks while
our government and religious organizations pour Hundreds
of Billions of $$$$$$'s and Tons of Food to Foreign
Countries!
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? Imagine if the *GOVERNMENT* gave 'US' the same
support they give to other countries.
Sad isn't
it?
ABOUT
THE ONLY THING
WRONG WITH THIS CALCULATION IS THEY FORGOT TO FIGURE IN
THE PEOPLE WHO DIED BEFORE THEY COLLECTED THEIR SOCIAL
SECURITY!!!! WHERE DID THAT MONEY
GO?????????????
This was sent to
me, I am forwarding it because it does touch a nerve in
me.
Remember, not only did you 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.
If you calculate the future value of
$4,500 per year (yours & your employer's
contribution) at a simple 5% (less than what the govt.
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.
The folks in
Washington have pulled off a bigger Ponzi scheme than
Bernie Madhoff ever had.
Entitlement my ass, I
paid cash for my social security insurance!!!! Just
because they borrowed the money, doesn't make my
benefits some kind of charity or
handout!!
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
entitlements?
We're "broke" and can't help our
own Seniors, Veterans, Orphans, Homeless
In the
last months we have provided aid to Haiti, Chile , and
Turkey . And now Pakistan
......home of bin Laden. Literally, BILLIONS of
DOLLARS!!!
Our retired seniors living on a 'fixed
income' receive no aid nor do they get any breaks while
our government and religious organizations pour Hundreds
of Billions of $$$$$$'s and Tons of Food to Foreign
Countries!
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? Imagine if the *GOVERNMENT* gave 'US' the same
support they give to other countries.
Sad isn't
it?
