Did You Know That Social Security Checks Do Not Exist Anymore?

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

Did you know this? Most people, have their Social Security funds direct deposited to their bank, thus, they 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, YOU 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”?

The government is now referring to your Social Security checks as a Federal Benefit Payment. This isn’t a benefit. It is earned income! Not only did you all contribute to Social Security but your employers did too. It totaled 15% of your 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 or if you personally used cooltraderpro software

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 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. As for the younger generations it is now time to stop contributing because we all know our money will be stolen by the government and will not be available to us in the future. As for those who are collecting “their money” “their social security” call your elected officials and tell them it is not a benefit is is your hard earned money.