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 jordan shoes
3:50 PM on June 16, 2021 
I am just commenting to let you know of the impressive experience my girl encountered viewing yuor web blog. She learned several issues, with the inclusion of what it's like to have a marvelous teaching style to make many more with no trouble learn chosen complex topics. You really surpassed readers' desires. Thank you for coming up with the powerful, trustworthy, educational not to mention easy tips about your topic to Tanya.
jordan shoes
Reply Fastest Payday Loan
3:45 PM on June 16, 2021 
no credit payday loans
Reply off white jordan 1
3:39 PM on June 16, 2021 
My wife and i were really thrilled Louis managed to carry out his reports with the precious recommendations he discovered from your very own blog. It is now and again perplexing just to always be freely giving solutions which often other folks might have been trying to sell. And we all keep in mind we have got the blog owner to give thanks to for that. Most of the illustrations you made, the straightforward website navigation, the friendships you can give support to create - it's got everything wonderful, and it's really making our son in addition to our family understand the issue is satisfying, which is truly essential. Many thanks for the whole lot!
off white jordan 1
Reply moncler outlet
3:36 PM on June 16, 2021 
I am also commenting to make you understand of the helpful experience my daughter found going through your site. She picked up so many details, not to mention what it's like to have a very effective teaching style to get many others effortlessly know chosen complex matters. You actually did more than our own desires. Many thanks for coming up with the insightful, healthy, edifying and even cool tips about that topic to Julie.
moncler outlet
Reply Amybinly
3:27 PM on June 16, 2021 
sildenafil cost canada
Reply yeezy 500
2:55 PM on June 16, 2021 
I want to show thanks to the writer for rescuing me from this matter. Right after researching through the world wide web and meeting principles that were not powerful, I thought my entire life was well over. Living without the solutions to the difficulties you've sorted out by means of your main guideline is a crucial case, and ones which may have in a wrong way affected my career if I hadn't noticed the blog. The natural talent and kindness in touching everything was invaluable. I don't know what I would've done if I hadn't discovered such a stuff like this. I can at this point look ahead to my future. Thanks for your time very much for this expert and sensible help. I won't hesitate to refer your web site to anybody who would need recommendations on this issue.
yeezy 500
Reply curry shoes
2:46 PM on June 16, 2021 
I must point out my gratitude for your generosity in support of men and women that should have guidance on your field. Your special commitment to getting the message across came to be wonderfully significant and has really encouraged guys much like me to reach their ambitions. Your insightful suggestions denotes a whole lot a person like me and still more to my colleagues. With thanks; from all of us.
curry shoes
Reply Denbinly
2:38 PM on June 16, 2021 
buy cialis 5mg daily use cialis online with prescription prescription cost for cialis purchase stromectol buy viagra via paypal
Reply Loan Cash
2:35 PM on June 16, 2021 
personal loans for fair credit
Reply kevin durant shoes
2:34 PM on June 16, 2021 
I am glad for commenting to make you understand of the wonderful experience my wife's princess went through browsing your site. She came to find a wide variety of issues, which include how it is like to have a very effective helping character to have men and women clearly gain knowledge of a variety of tortuous subject areas. You truly surpassed readers' expectations. Thank you for delivering those invaluable, dependable, educational and even unique tips on that topic to Mary.
kevin durant shoes
Reply Bad Credit
2:34 PM on June 16, 2021 
Reply stone island sale
2:30 PM on June 16, 2021 
I have to voice my love for your kindness in support of those individuals that should have guidance on your study. Your real dedication to getting the message all-around had become astonishingly beneficial and have continuously enabled men and women like me to get to their dreams. Your entire invaluable hints and tips indicates so much a person like me and a whole lot more to my office workers. Thanks a lot; from everyone of us.
stone island sale
Reply supreme outlet
2:23 PM on June 16, 2021 
I needed to draft you the very small note to finally say thank you yet again on your amazing pointers you have shared on this website. It has been quite particularly generous of you to deliver unreservedly just what a few people could have made available as an ebook in making some bucks for themselves, particularly now that you might well have done it if you desired. Those secrets likewise acted to be a easy way to be certain that other people have a similar passion much like mine to see more and more related to this condition. I'm certain there are several more pleasant sessions ahead for individuals that looked over your website.
supreme outlet
Reply scrgruppen
2:14 PM on June 16, 2021 
nike lunarestoa 2 essential blue light moschino t shirt dress womens hand knitted baby boy hats list asics onitsuka tiger original seahawks zip up hoodie nike presto fly qove billig
Reply Anterie
2:10 PM on June 16, 2021 
generic cialis with dapoxetine
Reply hermes online
2:06 PM on June 16, 2021 
My husband and i ended up being absolutely satisfied when Raymond could finish off his inquiry through your ideas he came across using your weblog. It is now and again perplexing to simply always be making a gift of procedures that many men and women could have been selling. And we all keep in mind we need the blog owner to appreciate for this. Those explanations you have made, the straightforward blog navigation, the relationships you can help to promote - it is most great, and it's really aiding our son and us know that this subject matter is pleasurable, and that's exceedingly essential. Many thanks for the whole thing!
hermes online
Reply paul george
2:05 PM on June 16, 2021 
I enjoy you because of all your valuable hard work on this web site. My mother delights in getting into research and it's easy to understand why. Almost all hear all concerning the dynamic form you create informative guidance by means of the web blog and increase participation from other people on that topic then our favorite princess is really understanding a whole lot. Take pleasure in the remaining portion of the new year. You have been doing a superb job.
paul george
Reply golden goose
2:05 PM on June 16, 2021 
I and my friends happened to be going through the nice information on your web blog while before long I got an awful feeling I had not thanked the web blog owner for those techniques. All the people became joyful to read all of them and have in effect certainly been using them. I appreciate you for indeed being so accommodating and for choosing some tremendous topics most people are really wanting to learn about. My very own honest apologies for not saying thanks to you sooner.
golden goose
Reply golden goose
2:05 PM on June 16, 2021 
I would like to voice my love for your kind-heartedness giving support to visitors who need assistance with this particular idea. Your very own commitment to getting the message along came to be incredibly powerful and have continually helped others much like me to realize their endeavors. Your entire important suggestions entails a whole lot a person like me and further more to my office workers. Regards; from everyone of us.
golden goose
Reply kobe shoes
2:03 PM on June 16, 2021 
A lot of thanks for your own work on this blog. Betty enjoys managing research and it is easy to understand why. My partner and i know all concerning the compelling form you make both interesting and useful guides on the blog and as well as improve contribution from others on that content while our favorite daughter is really understanding a whole lot. Take pleasure in the rest of the year. You are always conducting a fantastic job.
kobe shoes