SOCIAL SECURITY DEVASTATION!

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Joella Lynch
5 years ago
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2 SOCIAL SECURITY DEVASTATION! EXPOSED : THE NEXT SOCIAL SECURITY CUT! WHAT YOU NEED TO KNOW AND WHAT YOU NEED TO DO SET THE BURGLAR ALARM... BECAUSE WASHINGTON POLITICIANS AND BUREAUCRATS ARE ABOUT TO BREAK IN AND STEAL YOUR SOCIAL SECURITY PAGE 2

3 THE SOCIAL SECURITY BURGLARY IS ALREADY UNDERWAY... BUT YOU DON T HAVE TO BE RANSACKED The evidence is chilling. The attack on your Social Security is already happening. If you believe the axe is going to fall someday, but you don t think anything bad has happened yet, please think again... FACT: On October 20 th, 2015, Congress approved a new budget deal that strips away some of your most valuable Social Security choices... ways to maximize your benefits, gone forever. FACT: There s not enough money for The Social Security Administration. Some analysts say it would take a 33% tax hike to pick up the tab. Just about all the experts agree that the money dries up in FACT: When the reserve runs out, new money pouring in from people still working is only enough to pay 77% percent of benefits. (That s according to research from the 2014 Social Security Trustees' Report). This is what we know. Facts are facts. A bit troubling, isn t it? When we go to the sources, and look at data from the Social Security Administration itself, watchdog agencies like the Inspector General s Office, and independent organizations such as AARP, what we see is not comforting. It doesn t matter what side of the political fence you re on. Headlines from major news organizations tell the troubling story... New Social Security Rules to End Key Filing Strategies Wall Street Journal Social Security Could Be In Worse Shape Than We Thought Forbes PAGE 3

4 Will Social Security Be There When You Need It? Bankrate.com A Cut To Social Security Disability Benefits May Be Around The Corner Washington Post WHY WE RE IN TROUBLE Things are never as straightforward as we d like when the government s involved. The bureaucracy sure has a way of turning something that should be simple into something no ordinary citizen can possibly understand. (Just look at the IRS tax regulations, and the tangled web of the Affordable Healthcare Act.) It would be nice to line up some villains and blame them for the mess Social Security is in. Politicians are good at pointing fingers at each other. When it comes to Social Security, there s plenty of blame to go around. But because there s so much money on the line, and so many special interest groups, bureaucrats, and politicians involved, there s not a single bad guy we can blame. There s no Bernie Madoff. We re simply stuck with a system that s not getting the job done. But why? Where has the system gone off the rails? A good place to go looking for answers is a quiet office on the campus of Stanford University in Palo Alto, California. This is where Charles P. Blahous III works. PAGE 4

5 Blahous III is a public trustee for Social Security. He also serves as a senior research fellow at the Mercatus Center at George Mason University, and at The Hoover Institution. Blahous says three factors have collided to get us into this mess: 1. Pay as you go financing. 2. Demographic changes. 3. Wage indexing the benefit formula set up in the 1970s. The solution...benefit cuts, tax hikes, or a blend of both. This is not a conversation politicians are eager to have with the American public. WE ALL KNOW THERE S EVEN MORE TROUBLE AHEAD You Rob Peter to pay Paul... and eventually, something s gotta give. When politicians dip into the Social Security Trust fund to help pay Washington s bills, the story can t possibly have a happy ending. When more than $200 billion a year is handed out in Social Security Disability payments, where fraud is widespread, the financial drain is enormous. When you ve got more money going out that you ve got coming in, you ve clearly got a problem. The days when we stuck our heads in the sand and figured everything would work out are quickly coming to an end. We just don t know exactly when or how much we ll lose. But money is being lost right now. Something that s going away is a provision known as file and suspend. This was a way couples could delay benefits and get more later. For instance, a husband could hold off on collecting and his wife could get PAGE 5

6 his social security payment. Then the husband could collect payments at a higher rate a few years later. The file and suspend options that have been taken away cost a typical 60 year old couple with good income close to $50,000. That s the difference between starting benefits at 62 vs 70! $50,000 in benefits are now off the table. One rule at a time, the noose is tightening. EXPOSED: The Next Social Security Cut You may not know this but right now current social security recipients get periodic increases to their payout. Now it s not like they re being handed a million bucks but an across the board 1% or 2% increase is billions more the government needs to payout. This is the next cut coming! Mark my words, it won t happen in the next 6 months or year but within the next decade, Increases will be cut. That will be the start of the great unraveling. The first step will be the cutting of regular increases. It will happen quietly. The government will announce a 0% increase for one year then the next and the next It will be 3 or 4 or 5 years before everyone connects the dots and realizes the regular increases cost of living adjustments are now a thing of the past. Then it will get worse. PAGE 6

7 After they stop increases, they will start cutting back on the newest Social Security Recipients. You ll go to start collecting your guaranteed payout and whoops. We don t have enough money. So you ll get 95% or 90% of what you were promised. I m sure they ll adjust the payout dates too. Want a fast way to cut someone's benefits raise the retirement age. You didn t cut the benefit you raised the age when you can start collecting. That s the sign of a full fledged spiral. It will happen quickly too. Just give congress one good recession. They ll start spending money like drunken sailors and the US will start to borrow more and more money. The bond markets will freeze up And the next thing you know the US will default on a payment. That s all it takes and the very next action will be to stop the cash outflow. It won t be popular but it will happen Social Security will be cut and you ll be left holding a check worth only 80% or 60% of what you were promised. Scary isn t it! 5 THINGS YOU CAN DO RIGHT NOW TO GET EVERYTHING YOU DESERVE What can you do to save your neck? PAGE 7

8 Start by doing everything you can to maximize your own payouts Here s five quick tips. 1. Weigh every Social Security choice in dollars and cents. Make your decisions on when to collect with complete information. Some simple arithmetic where you map out a few different what if scenarios will help you see your choices. Add up monthly benefits over time. Compare the totals to what you ll collect later by waiting to what you get by collecting now, or earlier. An easy way to do this...use a calculator on the Social Security Administration website To get the most from your benefits, try to start collecting after they have stopped growing. The rules can be tricky, and there is no one size fits all solution. But generally speaking, the longer you wait to collect, the better off you ll be. 3. Save more money. Yep, save more money and salt it away for the rainy day. I see clouds on the horizon, and anyone who s managed to save a bunch of cash will be much much better off. 4. Do what the politicians who are afraid of leveling with taxpayers won t do. Have a honest conversation with yourself and your family. Consider working longer and paying into the system for another year or two. 5. Project the share of your overall retirement income that Social Security will provide. Research from Gallup conducted in 2015 shows that 36% of Americans say they will depend on Social Security for a majority of their retirement income. With benefits under attack, it s essential to look for ways to maximize income from other sources, such as your 401(k.) After you take those 5 important steps what s left? What should you do them? PAGE 8

9 ONE MORE IMPORTANT THING YOU MUST DO RIGHT NOW Gather the facts so you can be prepared for change. Use what Warren Buffett calls his Noah Rule. America s greatest investor once said, Predicting rain doesn't count; building arks does. Decide what kind of ark makes the most sense for you and your family. Start to build it now, before the floodwaters of Washington politics wash away your Social Security benefits. One smart move is to look for ways to make the money you have work harder. Look for smart ways to get the most from your 401(k) and any other savings. Even if you have shied away from investing in stocks, the uncertain future of Social Security has prompted people to take another look. Times are changing and the landscape is shifting. Long held beliefs about investing for retirement are now being challenged as Washington bureaucrats pull out the knives. When you look back on history, and examine the big picture, you ll see that the stock market has paid a return of 10% a year...all the way from 1928 to That s an 86 year average for the S&P 500. It takes in good years and bad years, but over the long haul, history shows that s what you can expect. But if you want retirement income, looking at the long haul doesn t help much. The good news is the stock market lets us invest in countless ways, so we can try to meet different goals. When most people look at small company stocks, also known as penny stocks, or microcap stocks, the first thing they see is risk. PAGE 9

10 Yes, penny stocks can definitely be risky. The reasons why are simple...a lot of the companies are losers. The challenge is to make a sensible investment in penny stocks. Use your common sense. Don t tie up a lot of money in a company that hasn t even proven it can deliver a profit. Fortunately, there are good stocks out there. There are reputable, profitable companies that have money in the bank and make money every year. Something most people don t know is some of these penny stocks even pay dividends. So as you give some thought to how you ll protect yourself from all the uncertainties swirling around Social Security, rethink where your income comes from. If you are interested in learning more about a common sense way to give your income a boost by investing some of it in the right kind of penny stocks... If you want to take action now to safeguard your retirement, and build up your savings so you don t have to worry about running out of money... Please click the link below intro The better informed you are, the better off you can be. Please do not make a rash decision to ignore this important information. Profitably yours, Brian Kent And The Penny Stock Research Team PAGE 10

11 Important Information: Copyright 2016 Penny Stock Publishing, LLC. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This may only be used pursuant to the subscription agreement controlling use of the Penny Stock Research website and any reproduction, copying, or redistribution of this or its contents, in whole or in part, is strictly prohibited without the express written permission of Penny Stock Publishing, LLC. 100% Unbiased Pledge : Owners, employees, and independent contractors of Penny Stock Publishing, LLC are expressly forbidden from actively trading any of the penny stocks that they are recommending to subscribers unless fully disclosed. Further, no compensation is received from any of the companies mentioned in our reports. This ensures you are getting 100% unbiased research on stocks our analysts have come across in their own due diligence. LEGAL DISCLAIMER: Neither Penny Stock Publishing LLC nor any of its employees or independent contractors are registered investment advisors or a Broker/Dealer. As such, Penny Stock Publishing, LLC does not offer or provide personalized investment advice. No communication by our employees or contractors to you should be deemed as personalized investment advice. Although Penny Stock Publishing, LLC employees and contractors may answer general customer service questions, they are not licensed under securities laws to address your particular investment situation. Nothing in this report, nor any communication by our employees or contractors to you should be considered personalized investment advice. Past performance is no guarantee of future results. All information is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell any security. All opinions, analyses and information contained herein are based on sources believed to be reliable and written in good faith, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. Investments recommended in this publication should only be made after consulting with your financial advisor. PAGE 11

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