Is Social Security “Robbing us blind?” – Details inside

Dear Reader, By the time many of us hit retirement... 6.2 cents of every dollar ever earned... roug... Dear Reader, By the time many of us hit retirement... 6.2 cents of every dollar ever earned... roughly $344,355.57 will have been paid into Social Security 'on your behalf.' I say on our behalf because it's not like we really had a choice in the matter... You're automatically in the system the day you cash your first paycheck... and there is no getting out. Think about that for a second... If we'd been able to take that same amount of cash we paid in... and plopped it into, say, the S&P 500... at a 7% return... that $344,000 could be worth north of $1,253,454.27... Which works out to $24,109 every year. But it's okay... I mean Social Security will be there to "take care of us"... right? [Wrong.]( The average social security check is just a tad over $1,700 per month... roughly $20,419 annually. That's $4,000 left on the table every single year... I don't know about you, but I wouldn't exactly call an investment plan... where you pay in MORE than you get out... a 'good investment.' Especially when I had NO say in where my money is going. But more importantly... over the course of a career (around 5 decades give or take), that's nearly a quarter of a million dollars that could have gone into your pocket... Money taken without your consent, used without your input, whether you want to contribute or not. So my question is: [How is THIS not considered THEFT?]( But it gets worse... If those numbers weren't bad enough... when you add in the fact that we're staring down the barrel of a 23% benefit reduction over the next decade... AND the looming issue of Social Security itself becoming insolvent by 2033... the outlook doesn't get any rosier. [Paper]( And we STILL have to pay in... no matter what. Social Security has become one of the biggest lies Americans have been sold... and frankly, there's nothing we can do about it. Remember, death and taxes are the only certainties we get in this life. But you don't (and shouldn't) sit idly by and rely on those meager monthly checks alone to sustain the retirement you've worked so hard to make for yourself. Best of all... You don't have to jump through any hoops or cut through any government red tape to rake in up to $1,767 each month in extra income that's 'OWED' to you. [Discover how to snap up your fair share - NOW.]( Sincerely, Jim Pearce Investing Daily This email was sent to you directly from StreetAuthority. Copyright 2001-2024 StreetAuthority. All rights reserved. {EMAIL} signed up to receive financial publications from StreetAuthority or one of its partners. DISCLAIMER: StreetAuthority is a publisher of financial news and opinions and NOT a securities broker/dealer or an investment advisor. You are responsible for your own investment decisions. All information contained in our newsletters or on our web site(s) should be independently verified with the companies mentioned, and readers should always conduct their own research and due diligence and consider obtaining professional advice before making any investment decision. As a condition to accessing StreetAuthority materials and websites, you agree to our Terms and Conditions of Use, available [here]( including without limitation all disclaimers of warranties and limitations on liability contained therein. Owners, employees and writers may hold positions in the securities that are discussed in our newsletters or on our website. StreetAuthority, 20 Pidgeon Hill Drive, Suite 202, Sterling, VA 20165 You may choose to stop receiving offers from StreetAuthority at any time. To no longer receive our offers, [unsubscribe here](.