PAY ATTENTION TO THE *ASTERISK* ON YOUR SOCIAL SECURITY STATEMENT

This is just criminal to me. Americans have paid into Social Security and then they get this message?! We all knew this was coming and it’s really wrong that our government basically raided the cookie jar. So now what you paid in will only give back 77%…shameful!

While engaging in the mundane task of gathering financial statements for a “secure retirement” meeting with my husband’s and my adviser, this Baby Boomer stumbled upon documented proof that our nation does not have the guts to confront one of its most serious economic problems. The realization came when I pulled from my files a document statement innocently titled, “Your Social Security Statement.”

At first glance, the statement did not appear menacing. I was told I could expect to receive a benefit of “about $2,136 a month” upon reaching age 70 — which certainly seems like good news. But immediately I thought of a parallel of President Obama’s infamous Obamacare promise: “If you like your Social Security, you can keep your Social Security.”

Then, as if on cue, I saw an asterisk with the following message:

The law governing benefit amounts may change because, by 2033, the payroll taxes collected will be enough to pay only about 77 percent of scheduled benefits.

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