Just in case you missed it in the title, let me state it again. For the Record, I HATE POLITICS! Now, those of you who have read my previous posts may be thinking to yourself, “Well, gee, Todd, that doesn’t make ANY sense at all. All you ever DO is talk about politics.” Those of you who may be thinking that are in for a rude awakening. I do not post about POLITICS. My posts are about PHILOSOPHY. Allow me a little leeway as I explain this position to you.
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.)
