Social Security Retirement Information
The Greatest Retirement Crisis in American History
… is about to befall many Americans. This year your government is quietly taking away Social Security benefits from millions of Americans.
Even though the USA has the largest economy in the world, its retirement benefits for retirees are amongst the lowest in the western world.
If you consider that the average Social Security monthly benefit check is less than $1,300 a month (a paltry $15,600 per year) when the average income is more than three time that amount, at $51,939 p.a.
If that’s not enough to make you shudder, Bloomberg reports that many Americans aged between 55-64 years old have a median amount of around $14,500 in retirement savings.
In fact according to the Associated Press back in 2011, many people who were eligible for retirement reported:
- 60% had lost value on their investments because of the economic crisis
- 42% were delaying retirement due to insufficient capital
- 25% they could not afford to retire (and are currently still working)
If this assessment is correct then many Americans will need to focus on income replacement instead of wealth accumulation because even if they set aside $15,000 to $25,000 a year for retirement, in twenty years they still won’t have enough money to retire on, without social security to top up the increased costs of living.
Yet this year (2016) the government is taking away many Social Security benefits from millions of Americans.
Making Money After Retirement
Making money after retirement age is going to be a major focus for many retirees in the near future because many people were bankrupted by medical costs, or job losses and foreclosures during the last financial crisis and of course there are those that just didn’t save anything at all.
But no matter how they got there, this group is going to be relying solely upon social security in their retirement years. This group accounts for just over 30% who are entitled to receive those payments and for many this is all about to change.
There is already a huge amount of research on the problems that will confront those looking towards retirement – in the near term.
Even if you had $100,000 set aside for retirement and used it to buy an annuity it would pay you a monthly income of around $560 per month, but you would risk outliving your money if you lived longer than the expected 85 years of age.
As for those that did manage to save more than $20,000 a year, the issue isn’t just developing a future stream of income. It’s having confidence that the future income will actually amount to something when the time came to live off it.
Baby boomers were told that if they worked hard and saved, they could spend the last quarter of their lives living comfortably and free from financial worries. Their parents told them. Their employers told them and even the government told them and took money from them to fund that retirement.
But now as many are reaching retirement age, the promise is beginning to look like a big fraud.
Most people expect that when it comes to their retirement that they have enough money saved up to be able to afford a monthly income that is substantially more than social security.
Yet very little is being openly said about this looming problem or that fact that the government is making big changes that will affect you and your social security entitlements.
Meanwhile, the world’s attention is focused elsewhere.
The World is Watching China
China’s stock market is the second largest in the world, behind the U.S. and has recently seen two major drops that sent ripples around the world and has impacted other stock markets due to the interconnectivity of the global economy.
Even though the Chinese government put rules in place to ‘prevent‘ sudden drops in the market with its new “circuit breaker” rules, which automatically suspends trading. The selloff still wiped out hundreds of billions of dollars before the market was forced to close.
While these maneuvers may stabilize the market temporarily, they’re not helpful because intervention creates price distortions and does nothing to restore market confidence, which after all is the reason that all stock prices rise and fall.
But, like most government rules, this will do more harm than good, as closing the market only serves to temporarily mask the underlying problem.
China’s economy has peaked and will continue its downward slide, despite its government’s intervention and hundreds of billions trying prop it up.
The story for the rest of the world – is the same. Government intervention in the economy creates more problems than it solves and the U.S.A is in the same situation.
The Real Reason the Global Economy is in Decline
I am talking about the largest group of consumers the world ha ever seen, the ‘baby boomers‘ These Baby boomers are the people born between the years 1946 and 1964, having an age range between 51 and 70 (as of 2016).
This demographic group has created an unequaled spending wave of consumerism that the global economy has ever experienced before and never will again.
The Big Lie
It’s not that the governments of the world don’t know this. Instead, they have blatantly lied to us and have taken the undeserved credit for the economic benefits, this demographic group created during the last 60 years or so.
This large group of consumers is now beginning to change their spending habits, and this change in spending is the real reason the global economy is in decline. These are the same people who are now looking towards retirement.
Which will also going to trigger the greatest retirement crisis in American history? These are the people who have been paying into the system and are now expecting to get something back for their lifetime of ‘investment’.
The Government having taken undue credit for creating ‘global prosperity‘ are now scrambling to protect the illusion that they ‘serve the people’. They desperately hope no-one awakens to the fact that Government interests and those of the citizenry are not aligned and that that the ‘people’ have been subjected to the biggest scam in the history of humanity. That government is necessary and beneficial to society.
“They are NOT and soon we will ALL discover exactly how irresponsible they have really been with our trust, our lives and our money”.
Their meddling in our economic affairs and privates live has never been about our protection and security, but rather about ‘protecting them from us‘. They simply don’t have the money to pay for the ‘promised retirement‘ that millions of people are expecting.
If you want the truth it’s in this video below: Here’s what Politicians should really be telling you…
Wow! – This it’s actually true. Social Security and Medicare are not “rights” in any sort of legal sense.
In fact, the federal government is under NO obligation to pay you a Social Security check, according to a ruling of the United States Supreme Court, as far back as 1960. Congress can eliminate them at any time.
“So it is true that you are not “entitled” to anything, and these entitlements are certainly not guaranteed, legally or otherwise”.
They exist only at the whim of those in power and only in order to barter for your votes.
What may annoy you, even more, is starting in 2016, your government is taking away three years’ worth of Social Security benefits from more that 32 million Americans and you could be one of them.
Social Security Retirement Information
There is still time to maximize your entitlements BEFORE they disappear forever. You may want to get a copy of The Social Security Retirement Guide, written by Jim Blair a former Social Security Administrator.
In this publication, he outlines exactly how to maximize your benefits (while you still can) which frankly is a must read for anyone planning on achieving any sort of quality retirement in the next few years…
It includes email support for questions and provides access to all future updated editions as well as being an excellent source of information about how to maximize your dwindling entitlements. YOU can get your copy here: The Social Security Retirement Guide.
Don’t Rely on The Government
It is going to be people like you and me. People who become educated about what’s really going on and who recognize that the Government is NOT going to save them.
People who take their own economic security into their own hands. People who want to make a difference and who want to provide value and benefits to others.
If you are asking yourself what can you do? What skills do you have, how can you provide values and benefits to others? Then what I about to tell you next may interest you.
Make Money During Retirement
Today almost anyone can build a successful online business from home and earn a good living. What is important is that you find something you are passionate about and you need to just write about it. Because with the right education and research, you can easily find ways to monetize almost anything you write about.
Of course, you will need to know how monetize your writings and one way of doing this is by creating a website and using affiliate marketing.
Essentially this involves having informative content that is engaging to readers and the occasional link to products and services that benefit your visitors in ways that will provide solutions to any problems they may have.
There are hundreds (if not thousands) of affiliate programs offering commission sharing arrangements that reward you handsomely for your efforts. Or if this is too radical for you, you could always go and teach in China where it’s still cheap to live.
Fortunately, there is an excellent place to get the education you need, where you can learn at your own pace, how to create a successful long term, online business.
You receive up-to-date knowledge about website construction, traffic generation, SEO, keyword research, content creation and lots of help and the answers to all your questions, from the community of friendly and dedicated members.
View the short video below…
To see how I made this video
Best of all you can begin for free and stay a free member for as long as you like and if you elect to upgrade to a full membership the additional value you receive in exchange is worth many times the low monthly membership fee.
You can try it first, build a website (or two) and even make money before you pay anything!
Well worth a look before the greatest retirement crisis in American history sets in and changes everything and you can find out more about this program right here.
(To see how I made this video)
YOU can get your copy here: The Social Security Retirement Guide.
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