Mutual Fund & Social Security
A mutual fund is a type of professionally-managed collective investment vehicle that pools money from many investors to purchase securities. Social security is primarily a social insurance program providing social protection or protection against socially recognized conditions, including poverty, old age, disability, unemployment and others./5
Social Security is a failed system, I can invest into a mutual fund and make MORE then the federal government can.
At 6:35p on Andy Smith of the Mutual Fund Store gives us the lowdown to changes in Social Security.
Don't regret your Social Security decisions. Here are 5 facts you need to know:
ESTIMATED Financial GROWTH of INVESTMENT if placed in a Mutual fund instead of SOCIAL SECURITY . I took the estimated amount I have paid into Social Security over the years Calculated at a annual rate of growth at 10% . Some mutual funds have historically grown at rates between 1 ½ % to over 20% per year . One that was from 1929 has grown at a rate of 8½ % per year . I Took a happy medium . At a rate of 10% your money approximately doubles every 7 years . Total investment from 1977 to 2008 $137,000 LAST YEAR of INVESTMENT is 2008 TOTAL AMOUNT of MONEY to date . NET WORTH . $932,379 + added growth of principle for 2009, 2010 a Grand total of $1,128,178 . A comparison : If I went out in 2011 on Social Security Disability it would pay me $24,300 per year . If I never touched the principle and only took out the 10% annual growth I invested in the mutual fund I would be getting $112,178 per year . WHY DO I FEEL LIKE I'M GETTING A LITTLE CHEATED ? Maybe it's just greedy me .
How much money has the federal government contributed towards Social Security? _ The answer is ZERO, zilch, nothing, ever. As a matter of fact the federal government has stolen/borrowed money from Social Security. Social Security is NOT paid for by the government, and it never has been. Social Security is paid for by American workers. You, Me, Patty, Dawn, etc. we have all paid into Social Security. SS is NOT welfare. SSD is not welfare. Unlike welfare, Social Security is an entitlement because those like myself who collect SS EARNED IT!!! Just like those who collect Medicare earned it. Approx 15 % of each paycheck goes to pay for SS and Medicare. It is wrong for you to claim that government is paying my SS. Actually you are, as are anyone who has , does or will earn income in the USA. Social Security is a BAD DEAL!!! When you retire on SS you will not even be able to expect to even get back what you put into SS. This includes zero interest. Had you put just 10 % of what you put into SS into a mutual fund ...
A business group of top executives on Wednesday proposed reforms to Social Security and Medicare that would raise the enrollment age for both programs to 70 but not raise Social Security taxes paid by ...
I just got my first pay check for 2013 and I would like to thank our sorry President and Speaker for raising my Social Security tax $80 per month! I'm going to go on a rant here so bare with me. It is not my responsibility to pay for someone else's retirement. You can take the money that you pay in Social Security tax and put it in a Mutual fund over your working life and retire a millionaire at age 65. So why would someone want to forfeit millions for a few hundred bucks a week unless they have no personal responsibility or like me,I am forced to forfeit millions and will never get a dime back. The government is stealing my retirement not helping me be able to retire. I'm done for now!
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