AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Hall County Government
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Regional Vice President of Sales The Retirement Plan Company
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Compass
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Loan & Distribution Specialist AimPoint Pension
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Opinion: The Corruption That Is Social Security
BenefitsLink Message Boards Mar. 24, 2021 "FICA is 6.2%, which is matched by your employer who also gives the government 6.2%. Those numbers work well when applied to a 401k calculator to do the math on how much the government actually steals from you in the sham ponzi scheme that is Social Security. Using the calculator at the URL shown below, I put in the following scenario: 19 year old making 20k a year, who has 6.2% taken out of his paycheck that is matched by his employer who also takes out 6.2%. This young person does not go on to higher education, and sticks with this job his entire working life making a modest 2% raise per year. Through his lifetime the market has delivered on average a 7% modest return. When this young person becomes an old person, had the money been invested instead of stolen by the government he would be a millionare. Instead, he will probably have to work until 71 just to be able to keep alive. Yeah, I want these people running health care too! https://www.aarp.org/work/retirement-planning/401k_calculator.html " |
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