How can anyone claim to love their country when they’ve been raised to believe that it is “Fundamentally Flawed” or designed to “Profit on the Workers’ Backs?” This isn’t a rhetorical question, and I’d love for someone to explain it to me. Seriously…anyone? Anyone? Bueller?
“What’s so great about Retirement?” Think about it for a moment. If you are one of the millions who work for the weekend, living paycheck to paycheck, what do you have to look forward to with retirement? Sure, you’ll have the TIME to do all of those things you put off throughout the years, but will you have the money?
Medicare is thought by most to be “Free” Healthcare for the elderly, and, I’ll admit, I once believed that. In fact, I believed that the only cost to the individual to get Medicare Coverage was taken during the years they are working through the FICA Withholding. But, like many who believe these things, I WAS WRONG!
Every year you get a statement from the Social Security Administration, which shows how much you earned, how much you can expect to receive if you retire at 65, or at 62.5. (I dare you to do the math on that thing: It doesn’t add up!) In many ways, it’s just like the statement that you receive on your 401k Savings Program, your IRA Statement, or any other savings statement that you may receive. But what so many people don’t understand is that Social Security IS NOT a retirement savings account. IN FACT, they don’t even consider it a tax. It’s a fee, or a contribution, but not a tax. That’s why you can’t get it back when you file your annual Tax Return. It isn’t voluntary, but, no, it isn’t a tax! (That was sarcasm, just in case you missed it.)