Tue, Sep 23, 2014, 5:08 AM EDT - U.S. Markets open in 4 hrs 22 mins

Recent

% | $
Quotes you view appear here for quick access.

Citigroup Inc. Message Board

  • jenthico jenthico Dec 10, 2012 2:15 PM Flag

    Federal Benefit Program...

    SOCIAL SECURITY NOW CALLED 'FEDERAL
    BENEFIT PAYMENT'/ENTITLEMENT!

    The government is now
    referring to our Social Security checks as a
    “Federal Benefit Payment.”
    This isn’t a
    benefit – its 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 employer’s 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” 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.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Social Security is for EVERYBODY! Not just ((((((YOU))))). That's why its called "Social" and not "SELFISH" Security!

      • 1 Reply to john_thomas_hunter
      • It was intended to be ONLY for those who paid into it, dummass! The thing ((((YOU)))) responded to, was straight off the SSA website, youstupidmotherfucker!!!

        "The law governing benefit amounts may change because, by 2033, the payroll taxes collected will be enough to pay only about 75 cents for each dollar of scheduled benefits."

        75 cents on the dollar because illegal aliens are getting SS without EVER having paid into it...

        SS was intended ONLY for American citizens!!! NOT ((((YOU)))) and your fuckingfreeloaderfamily!!!!

    • From the site:

      How the Retirement Estimator Works

      The Retirement Estimator gives estimates based on your actual Social Security earnings record. Please keep in mind that these are just estimates. We can’t provide your actual benefit amount until you apply for benefits. And that amount may differ from the estimates provided because:

      Your earnings may increase or decrease in the future.
      After you start receiving benefits, they will be adjusted for cost-of-living increases.
      Your estimated benefits are based on current law. The law governing benefit amounts may change because, by 2033, the payroll taxes collected will be enough to pay only about 75 cents for each dollar of scheduled benefits.
      Your benefit amount may be affected by military service, railroad employment or pensions earned through work on which you did not pay Social Security tax.

 
C
53.04-0.44(-0.82%)Sep 22 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.