From: bill@wildbillforamerica.com
Great for saving your life --Video ! >>>
Hi Guys, Friends, Readers!
After you are blessed enough to retire from Chrysler Motors Corp. at Kenosha, WI., after 30 years, and you are still walking, you better have most of you bills paid off and no more than ONE LARGE PAYMENT--either your house payment or car payment.....ha! That's just the reality of retirement, for those who never had sense to invest and save some of their income. My circumstances were some what different having been divorced and losing my behind a few times.... and remember that: 'A woman will never, ever leave you until she has taken your last dollar... LOL. Been there -- done that, and I learn the hard way-- but I do learn.
There is no reason why I shouldn't have retired rich [having a strong back ground in Finance and Investments] except that I learned the "Rule of 72" -- too late in life.
But just consider for a minute the rude statement below, that I passed on from a great friend in Southern Michigan, named Ruth! How in the world did we allow the Gov't to steal our hard earned money and insult us in such a bold, rude, way??? As I said before, I KNEW how the Gov't operated, with greedy hands and hearts, with my Financial training from PFS Investments when I was laid off from Chrysler-- taking a short Sabbatical from my trade, Welding. So I knew that I would probably never live long enough to collect any of my SS- Social Security. I was disabled from terrible arthritis @ work, due to the repetitive nature of the work for 30.5 years, both knees shot and hurting so bad, every day. So I filed for SSDI [Social Security Disability Insurance], had all my 'ducks in a row' and won 100% shortly after retirement! It was all legal and I qualified, and I am happy that my friends helped and advised me, thank you very much! But we were, and are all still screwed and tattooed in the grand old USA, because WE LET THE STINKING GOV'T DO THIS TO US!! What can we do now? I really don't know, but I can tell you that I, Tom Schuckman, have just posted this fact and statement today! Yes! I have a back bone... and a big mouth, and I won't just roll over and die !
What will YOU do ???
Important, great Video !!
Tom S
FYI...SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT
PAYMENT'/ENTITLEMENT!
Have you noticed, your Social Security check is now referred to
PAYMENT'/ENTITLEMENT!
Have you noticed, your 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
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
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.
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
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
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
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
We have earned our right to Social Security and Medicare. Demand
that our legislators bring some sense into our government -
Then call it what it is: Our Earned Retirement Income.
99% of people won't forward this.
Will you?
Then call it what it is: Our Earned Retirement Income.
99% of people won't forward this.
Will you?
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