Wednesday, February 6, 2008

We are wasting Social Security Money !

Anyone who is paying Social Security or 6.20% from your income are praying, that when they time will come, they will have something to live on it. Is that True?

Most of us, who is still working, not thinking about retirement time. How much would you get SS when you be retired? Can you live on it?

Most of the people will get they Social Security check twice smaller or less, than they job paycheck.

Maximun for 2007 limitation for SS was 97,500 in 2008 same SS limitation will be 102,000.
I got my papers from SS office, that i will be receiving SS arond 2500 a month.
If i went on retirement in 65 and assuming lived till 85 , it is 20 years, i will receive 600,000 dollars of SS money. If i worked all my life and putting SS money on a side like IRS taking from me, i would have in my savings account: 2,600,000 at my disposal (average 65 *40 years ). Then i would had over 10,000 monthly income on my retirement.

So, the question is, where 2,000,000 million dollar of my money went? To run Social Security office, to spend on crap or wars around the world.

I want to be able to control my own money and how i spend them. This country financial situation are getting worst and worst and my generation, which still working for next 35 years will probably not having Social Security at all.

We need accounant as President, not another bold politician.

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