Concerning Social Security payments, my contributions were made for 40 years on every salary I received. Those jobs may not have always been the work I wanted to be doing at the time, BUT I always had a job. The Social Security check is now (or soon will be) 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 our money paid out of our 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 โ itโs 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 (oh yes, they 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.
๐ก๐ก๐กโ
๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๏ธ
Sophie Verzyl is a 2x NCAA Championship qualifier after notching a school record score of 784.70 (12 dives) at the Zone Championships!
There seems to be some confusion about the SAVE America Act. If it becomes law, you will NOT be able to vote with your drivers license alone.
Youโd need:
1. A passport, which more than half of Americans donโt have and costs at least $130
OR
2. A birth certificate PLUS your photo ID with matching names, which nearly 70 million married women lack
OR
3. Military services papers (not a military ID alone) with sensitive info.
Iโm voting NO.
Last year, we challenged college marching bands to come up with the most exciting, unique, and impressive performances featuring our music. Now, the submissions are in, videos have been watched, voting has concluded, and weโre excited to announce our Grand Prize Winner ๐ฅ๐ฅ๐ฅโฆ
The University of South Carolina!
As this yearโs D1 winner, the Carolina Band, will have the opportunity to record BOTH a Metallica song AND the @EASPORTS College Football Theme Song to be included in the @EASPORTSCollege Football video game!
The Carolina Band isnโt the only winner out there. In fact, there are six!
Division 1
๐ University of South Carolina
๐ฅ Virginia Tech
๐ฅ University of Illinois
Division 2/3
๐ Riverside City College
๐ฅ Bridgewater College
๐ฅ Indiana Wesleyan University
Fan Favorite โญ๏ธ University of Illinois
Each winning schoolโs marching band program will take home new instruments and equipment thanks to our sponsors @SweetwaterSound, @TAMAofficial, @HalLeonardCorp, KHS America, Tromana, and @ernieball.
To learn more and watch all the entries, visit https://t.co/Bc1ZKwyMLW
The problem isn't who spends 4-8 years in the White House.
The problem is who spends 30-40 years in Congress.
Congressional term limits are badly needed.
@WilGunter Running up the middle on 3rd & 4th down killed our momentum and now itโs over. Defense on the field way too much in 2nd half b/c we went back to calling plays for anyone other than LeNorris!!
I can't express how much it means for my family and me to have so many send love, support and prayer. I'm staying positive as this journey begins.
One thing I'll say to all: get your checkups. Stay in front of things. If it doesn't seem right, advocate for yourself. It matters!
Boom! Whoโs winning the shutdown debate? THE ACA.
More Republicans than Democrats use the ACA marketplace. So the GOPโs base is relying on the same program their party is causing premiums to skyrocket.
45% of ACA marketplace enrollees are Republicans, and most live in GOP-held districts.