Shopping Cart
Your Cart is Empty
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



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) 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 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


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, you forgot something.


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


Reply birkin bag
10:18 PM on November 30, 2022 
Good post. I study one thing more challenging on completely different blogs everyday. It would all the time be stimulating to learn content material from different writers and apply a bit of something from their store. I�d choose to use some with the content material on my blog whether you don�t mind. Natually I�ll provide you with a hyperlink on your net blog. Thanks for sharing.
birkin bag
Reply Thomascuh
9:39 PM on November 30, 2022 
Hi! online pharmacy oxycodone 30mg great web site
Reply BrianMah
7:38 PM on November 30, 2022 
????? ??????????? ???? ????? ????? ???????????????? neoline x cop 9100s ???? ??????? ?????? ?????? ??? ????????
Reply usnhjvggbco
4:58 PM on November 30, 2022 
ll3latnfn0z internet pharmacy generic viagra how to order viagra from canada l484 pill viagra and high blood pressure
no prescription viagra what would happen if a girl took viagra canadian pills buy discount viagra cheap viagra india
canada drugs online how much does cialis cost canadian drugstore canada drug stores pharmaceuticals from canada
Reply BrianDeemi
4:32 PM on November 30, 2022 
???????????????? neoline x cop 9100s ????
Reply Robertsypom
3:52 PM on November 30, 2022 
Hi! online pharmacies canada excellent website
Reply jktgo78ous6
2:41 PM on November 30, 2022 
eylgoi8bgbl natural substitute for viagra how long does viagra last lowest price on cialis canadian pharmacy and viagra
viagra canadian pharmacy canada online drugs cialis cost online pharmacy without a prescription canada pharmacies online
viagra online without prescription viagra 100mg price is there a generic cialis cialis canadian pharmacies cialis pharmacy rx one
Reply lsawveewjjs
1:49 PM on November 30, 2022 
utc4o4iboc6 buying viagra natural viagra alternatives viagra overnight shipping generic cialis canadian canada viagra
online prescription viagra generic viagra reviews cialis online in canada calais pills from canada viagra and high blood pressure
purchase viagra in canada canadian drugs without a prescription canada drugs online pharmacy without a prescription how does cialis work
Reply JamesHycle
10:05 AM on November 30, 2022 
neoline x cop 9100s ??????
Reply fear of god t shirt
9:45 AM on November 30, 2022 
I just wanted to write a simple remark to be able to appreciate you for all of the remarkable steps you are sharing at this website. My particularly long internet search has finally been honored with brilliant information to go over with my co-workers. I 'd claim that we visitors are rather blessed to exist in a really good website with so many outstanding individuals with useful ideas. I feel really fortunate to have used your webpages and look forward to some more fabulous moments reading here. Thanks once more for a lot of things.
fear of god t shirt
Reply air jordans
9:45 AM on November 30, 2022 
I have to convey my affection for your kind-heartedness in support of individuals that should have help on this one theme. Your very own commitment to getting the solution all-around appears to be definitely powerful and has in every case enabled those like me to reach their aims. The informative help denotes much to me and additionally to my office workers. Thanks a lot; from all of us.
air jordans
Reply a bathing ape
9:45 AM on November 30, 2022 
I wish to point out my affection for your kind-heartedness giving support to those who should have assistance with this important niche. Your very own commitment to getting the message all over was definitely effective and have in every case permitted some individuals like me to arrive at their goals. Your personal insightful suggestions can mean this much a person like me and somewhat more to my office workers. Thanks a lot; from all of us.
a bathing ape
Reply golden goose
9:45 AM on November 30, 2022 
I simply wanted to thank you very much yet again. I do not know what I would have done without the entire pointers revealed by you relating to that theme. It absolutely was a real frightening scenario in my view, nevertheless finding out a well-written avenue you treated that made me to cry for gladness. Now i'm grateful for the advice and then have high hopes you are aware of a powerful job you happen to be undertaking educating the mediocre ones with the aid of your web page. Most probably you have never encountered any of us.
golden goose
Reply kyrie irving shoes
9:45 AM on November 30, 2022 
I as well as my guys were found to be checking out the best solutions found on the blog while immediately came up with an awful feeling I had not expressed respect to the website owner for those secrets. All the guys became for that reason stimulated to see all of them and already have honestly been tapping into those things. We appreciate you really being simply kind and also for using this kind of fantastic subject areas millions of individuals are really eager to know about. My sincere apologies for not expressing gratitude to earlier.
kyrie irving shoes
Reply Robertsypom
9:43 AM on November 30, 2022 
Hello there! pharmacies online beneficial internet site
Reply JamesHycle
9:19 AM on November 30, 2022 
???? ????????? ??????????? ??????? ??????
Reply JamesHycle
9:13 AM on November 30, 2022 
leptigen meridian diet ?????? ? ???
Reply canadian pharmacy online
7:52 AM on November 30, 2022 
viagra 100mg
url= says...
buy viagra generic
tadalafil canada cialis in usa pharmacy discount meds
Reply goyard outlet
7:21 AM on November 30, 2022 
Youre so cool! I dont suppose Ive read anything like this before. So good to search out any individual with some authentic thoughts on this subject. realy thanks for starting this up. this web site is something that's wanted on the internet, someone with slightly originality. helpful job for bringing one thing new to the internet!
goyard outlet
Reply EstebanHague
6:42 AM on November 30, 2022 
how to get lexapro