Shopping Cart
Your Cart is Empty
Quantity:
Subtotal
Taxes
Shipping
Total
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

Becker & Associates

Blog

Blog

What's Happening to SOCIAL SECURITY?

Posted on August 10, 2015 at 3:35 PM

 

 

We all know by now that $720 BILLION was borrowed from our Social Security fund by the current administration to pay for it's new Government run HealthCare. We got exactly what a citizenry who was not paying attention or holding their congress accountable for things like actually READING the bill before even considering imposing it on Americans can expect to get.

Throughout its 75 year history, Social Security has provided critical economic security to millions of retirees, families, children and the disabled. Social Security is paid for by the dedicated contributions of workers and their employers, has administrative costs of less than one percent, and since it cannot borrow to fund its operations, Social Security does not contribute to the deficit. No wonder that Americans from all walks of life consistently and overwhelmingly support our nation's most successful social insurance program -- a level of support that is not achieved by other governmental programs.Social Security is self-financed, cannot borrow, spends less than one percent on its administrative costs.

The government borrows these Social Security funds to pay for other government spending -- but is obligated to pay interest on these borrowings -- and pay back the borrowed funds in full when they are needed by Social Security for benefit payments. WHY aren't they paying it back?

A look at the federal budget over the same time frame reveals a starkly different picture -- many years of deficits, with only a few years of surplus -- a surplus that disappeared during the G.W. Bush Administration. In 1993, a Democratic Congress and President Clinton, without a single Republican vote in either the House or Senate, enacted a budget plan that put it on a path to elimination of the deficits --and brought the budget into balance, and then later into surplus.

The taxpayers of America bailed out the banks -- wouldn't it be fair now to ask the banks to pay back what they have cost Social Security? A tax on financial transactions and a tax on Wall Street bonuses, with revenues dedicated to Social Security, would pay back to Social Security and its contributors what has been taken from them.

Pay Back Social Security! -- The Government Has Borrowed More from Social Security (easy pickens) than any Other Entity or Foreign Government.

Another argument made by Social Security opponents to raise fear about the national debt is how much our government has borrowed from China. They never mention how much our government has borrowed from Social Security. In fact, the government has borrowed more from the Social Security surplus than it has from any other source in the world, including China. As a result, Social Security now "owns" nearly 18 percent of the federal debt, making it the largest single holder of US debt. The government owes almost twice as much to Social Security as it does to China and Hong Kong. ...and most Americans have no idea about this debt it seems, and are doing nothing to demand that the Feds pay US back!

We elect people who take our Social Security fund to fund a Government run Health Plan and just sit and watch the carnage done to what we've worked and contributed to for our whole lives. This "taking", "stealing", "Borrowing" or whatever we call it...the pillaging of a fund that working folks paid for, taken in order to pay for programs that the government will pay for is nothing more than a move to control the largest segments of the American economy.

How many Americans over 50 do you think are ready for life with no Social Security? The answer is not many! Only about 10% have saved enough to live life without a dime from social security.

Get a "Two-for"- Life Insurance with Long Term Care

Posted on July 17, 2015 at 4:25 PM Delete

delete Overlays edit Comments comments (0)

Using your Life Insurance for Long Term Care Expense:

Life Insurance policies are ever changing to meet the needs of our ever changing society. All the buzz is now on Long Term Care coverage, but if you've ever gotten a quote you know it is not cheap! Also, what if you never need it? Once you've paid the premium to the carrier for a Long term Care policy, it's GONE and you have nothing to show for it. Though there are benefits to having a comprehensive LTC (Long Term Care) policy...you can spell out the benefits in a more precise way, add on riders for COLA (Cost of Living Adjustments), etc, but the fact remains that it's expensive and if you never use it, it's money down the drain.

Do not mistake my message to mean LTC is not important! It is VERY important...in fact more important than ever, there are just more creative ways of getting it these days.

Using a Life Insurance policy with a guaranteed Death benefit and adding a 4% LTC rider is a very interesting solution. Let's use this example: You are healthy enough to purchase a $500,000. face amount and you become ill enough or have an accident and meet the requirement to be able to tap into your policy for its LTC benefits (the requirement for ALL LTC policies is just about the same, whether a policy or a rider) is being unable to do at least 2 of the ADLs - Activities of Daily Living). Using a $500,000. Death Benefit policy with the LTC rider of 4% per month = $20,000. per month available to you.

Per the IRS, at this time the maximum amount you may receive from your policy on a tax free basis is $330 per day or $9.900. per month. This is because the LTC benefit is essentially considered getting your Death benefit early. Depending on your needs, whether it be paying for a facility, paying for homecare, paying a relative to take care of you, you may decide to take only the tax free portion from your policy, but the full 4% is still available.

Then let's say you get better and return to life as normal in 6 months, you have taken or "used" (at $9,900. mo.) $59,400.00 of your Death Benefit thus reducing your policy's Death benefit to $440,600. This amount will be passed on to your heirs tax free OR be available for another round of LTC usage.

If you are 70 1/2 years old and are receiving "RMD"s (Required Minimum Distributions) from retirement funds that you don't really need, you can turn taxable income into tax free money using this strategy!

In summary, you've used tax free death benefits to pay for your Long Term Care needs and the money you've invested in your Life insurance is still there!

Example - A $500,000. Policy would cover the IRS maximum monthly LTC payment of $9,900. for 4.2 YEARS!

Some Statistics for the USA: For someone with a 90-day Elimination Period, the lifetime chance of someone buying coverage at age 60 and using policy benefits was 35%. So, 35% will use their coverage and 65% will not. As you might assume, the decline is because during those first 90 days, some people will recover and some will die.

Here is some meaningful information on nursing home lengths of stays as published in the Association's 2008 LTCi Sourcebook. Remember, that most long-term care is actually received at home but there are still fewer statistics about home care utilization for "long-term care" needs. When we get relevant ones we will publish them for consumers to read. Notice that the length of time that anyone stays in a Nursing Home is well under five years! We must consider the time that most people need in home care too, please see "Long Term Care Info & Statistics" blog for more info.

Average Length of Stays (Nursing Homes)

5 years or more - 12.0%

3 to 5 years - 12.0%

1 to 3 years - 30.3%

6 to 12 months - 14.2%

3 to 6 months - 10.0%

Less than 3 months - 20.0%

Average Length of Stay in Years

Female - 2.6 years

Male - 2.3 years

Married - 1.6 years

Single / Never Married - 3.8 years

Widowed - 2.3 years

Divorced / Separated - 2.7 years

Categories

Health care Reform - How Politics affect you (4)

2016- Small Employer Groups of 2 to 100 Employees (2)

2016-Employers with 100 or more Employees (2)

Life,Death and Illness & Injuries Happen, Be Ready! (7)

Disability Income Products (1)

Life Insurance for YOUR Retirement! (3)

Over 50 or 70 1/2 and taking Retirment distributions? (2)

Life Insurance-Term Care included! Any Age (3)

Long Term Care, Expensive- there's a more affordable Way (3)

Toll free 866.277.5147

Categories: Life Insurance for YOUR Retirement! , Life,Death and Illness & Injuries Happen, Be Ready!

Post a Comment

Oops!

Oops, you forgot something.

Oops!

The words you entered did not match the given text. Please try again.

88077 Comments

Reply tamilpathivu
7:23 AM on October 1, 2022 
emporio armani pantoletten herren botin vicenza piel negro nike sweatshirt kleid borsa hobo large borbonese chief knockahoma hat new balance damen 39
tamilpathivu https://www.tamilpathivu.com/
Reply celebum
7:03 AM on October 1, 2022 
kids nike miami dolphins customized 2013 white game jersey jordan retro 6 hvit metallic gull varsity red the north face pertex quantum rams throwback colors for cheap ccm throwback jerseys for cheap women nike seattle seahawks 24 marshawn lynch limited steel blue team color nfl jersey sale
celebum http://www.celebum.com/
Reply critterbidz
6:47 AM on October 1, 2022 
blackhawks snapback new era nike schuhe damen trend gorro sanitario personalizado decollete en v h und m gelbes kleid beste hülle iphone xr
critterbidz https://www.critterbidz.com/
Reply tidyweekender
6:26 AM on October 1, 2022 
mens acg shoes new balance 500 rot tenis paul george 2.5 exklusive hochzeitskleider borsa da mare elisabetta franchi welder snapback
tidyweekender https://www.tidyweekender.com/
Reply nike sb dunk high
5:46 AM on October 1, 2022 
I want to express some appreciation to you for bailing me out of this type of dilemma. Right after looking through the the net and coming across proposals which were not pleasant, I was thinking my life was well over. Living devoid of the solutions to the difficulties you have fixed through your good guide is a crucial case, and the kind which could have badly damaged my entire career if I had not encountered the blog. Your personal mastery and kindness in dealing with all the pieces was vital. I don't know what I would have done if I had not encountered such a solution like this. It's possible to now relish my future. Thanks a lot very much for this expert and sensible guide. I won't hesitate to recommend the website to any individual who needs to have recommendations about this subject matter.
nike sb dunk high http://www.sbdunk.us
Reply bape
5:46 AM on October 1, 2022 
Thanks for your whole work on this web page. My mum enjoys going through research and it's really easy to understand why. Almost all notice all concerning the powerful ways you deliver efficient guides via the blog and welcome contribution from people about this article while our own daughter has always been understanding a lot of things. Enjoy the remaining portion of the new year. You are performing a first class job.
bape http://www.bapes.us.org
Reply yeezy
5:45 AM on October 1, 2022 
I am just commenting to make you know of the great encounter my friend's princess had using your webblog. She mastered so many issues, which include how it is like to possess a great giving mood to make folks really easily comprehend some tortuous topics. You actually did more than visitors' desires. I appreciate you for rendering these powerful, healthy, educational not to mention easy tips about your topic to Janet.
yeezy http://www.yeezy-700.com
Reply fear of god outlet
5:45 AM on October 1, 2022 
I would like to point out my love for your generosity giving support to people that really want assistance with the issue. Your special commitment to getting the message all over has been particularly useful and have in every case enabled men and women much like me to achieve their targets. Your personal informative suggestions can mean much to me and substantially more to my colleagues. Thank you; from everyone of us.
fear of god outlet http://www.fearofgodoutlet.com
Reply jordan 6
5:45 AM on October 1, 2022 
I simply wished to thank you so much all over again. I do not know what I might have made to happen in the absence of the type of techniques revealed by you about my question. Entirely was the frightening crisis in my opinion, however , spending time with the very well-written tactic you solved it forced me to jump for happiness. Extremely thankful for the help and believe you recognize what a powerful job you're carrying out educating other individuals via your site. Most probably you have never encountered any of us.
jordan 6 http://www.jordan6.us.com
Reply adidas yeezy
5:45 AM on October 1, 2022 
I as well as my guys came checking out the great tricks from the website while at once got an awful suspicion I had not expressed respect to the blog owner for those strategies. All the young boys were certainly excited to see them and have now without a doubt been taking advantage of those things. Many thanks for simply being quite helpful and then for choosing this form of tremendous issues millions of individuals are really desirous to be informed on. Our honest regret for not saying thanks to you earlier.
adidas yeezy http://www.yeezy-shoes.us.org
Reply cheap jordans
5:45 AM on October 1, 2022 
I want to express some thanks to this writer for bailing me out of this trouble. Right after surfing through the search engines and coming across solutions that were not beneficial, I was thinking my entire life was over. Being alive without the presence of strategies to the issues you have sorted out by way of the review is a critical case, and the ones that could have negatively affected my entire career if I hadn't discovered your blog. Your ability and kindness in maneuvering everything was very useful. I don't know what I would have done if I hadn't discovered such a solution like this. I can at this time relish my future. Thanks for your time so much for this professional and result oriented help. I won't think twice to endorse the website to any individual who would like care on this subject matter.
cheap jordans http://www.cheap-airjordans.us.com
Reply kyrie 9
5:45 AM on October 1, 2022 
I have to express my thanks to you just for bailing me out of this particular challenge. Just after checking through the the web and getting strategies which were not beneficial, I assumed my life was done. Living minus the strategies to the issues you've sorted out all through your entire review is a critical case, as well as ones that could have in a negative way affected my career if I hadn't come across the blog. Your main competence and kindness in dealing with every aspect was crucial. I'm not sure what I would've done if I had not discovered such a subject like this. I'm able to at this time look ahead to my future. Thanks for your time so much for this skilled and result oriented help. I won't hesitate to propose your web blog to any person who needs and wants guidance about this matter.
kyrie 9 http://www.kyrie9.com
Reply a bathing ape
5:45 AM on October 1, 2022 
My wife and i ended up being now more than happy that Raymond could finish up his preliminary research through your precious recommendations he gained when using the weblog. It is now and again perplexing just to be giving away techniques some others may have been selling. And we recognize we have got the website owner to appreciate because of that. The most important illustrations you have made, the simple site navigation, the relationships your site give support to engender - it is mostly excellent, and it's really making our son in addition to us understand that matter is entertaining, and that is incredibly essential. Thank you for the whole lot!
a bathing ape http://www.bathing-ape.us
Reply kd shoes
5:44 AM on October 1, 2022 
I want to show appreciation to this writer just for rescuing me from this particular dilemma. As a result of researching throughout the internet and meeting notions that were not productive, I assumed my entire life was well over. Being alive devoid of the answers to the difficulties you've sorted out by means of your good blog post is a serious case, and the ones which could have adversely damaged my entire career if I had not encountered the website. Your primary mastery and kindness in playing with all the stuff was tremendous. I am not sure what I would have done if I had not encountered such a stuff like this. I can also at this time look ahead to my future. Thanks so much for the expert and sensible guide. I will not be reluctant to propose the sites to any individual who needs to have guide on this situation.
kd shoes http://www.kd12.us.com
Reply aethsrtjsr
5:21 AM on October 1, 2022 
bebe midi dress sac edouard jerome dreyfuss scarpe nike 270 donne giubbino jeans tommy hilfiger lafc dia de los muertos jersey samsung s20 swarovski case
aethsrtjsr https://www.aethsrtjsr.com/
Reply zeneventsja
5:21 AM on October 1, 2022 
black corduroy snapback air jordan beige damen gorras de beisbol originales de todos los equipos maison 1 2 3 robes abendkleider hellblau lang amazon iphone 10 hülle
zeneventsja https://www.zeneventsja.com/
Reply riptidesurfbar
5:21 AM on October 1, 2022 
sandalias guante hombre popeline kleid schwarz borsello uomo inter the north face expedition cap balenciaga speed trainer schwarz pink viseras para damas deportivas
riptidesurfbar https://www.riptidesurfbar.com/
Reply vintagebitches
5:21 AM on October 1, 2022 
gorras totto para hombre serviette robe de bain weisses langes kleid nachhaltige iphone 11 hülle mous handyhüllen air jordan 1 basse rouge
vintagebitches https://www.vintagebitches.com/
Reply keralatourslane
5:20 AM on October 1, 2022 
nike air damen weiss gorro de reno robe bleu kookai benetton kleid weiß samsung galaxy book flex hülle hülle samsung a52 amazon
keralatourslane https://www.keralatourslane.com/
Reply crossfitolathe
4:10 AM on October 1, 2022 
nike england soccer jacket iphone 11 pro max lens case sneaker schwarz lack damen yeezy 700 v2 carbon blue adidas coneo qt schwarz plataformas en yute
crossfitolathe https://www.crossfitolathe.com/