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 janicecarlin
12:57 AM on September 23, 2021 
mens athletic fitness cross training 4 automotive welding systems automotive gasket removers home kitchen lamp bulbs 3 tools home improvement table saw blades industrial scientific vise grips locking pliers
Reply sometimenow
11:45 PM on September 22, 2021 
youth nike buffalo bills 90 shaq lawson royal blue team color vapor untouchable limited player nfl jersey big jute torebki iphone silicone case flamingo aimee kestenberg leer rugzak iphone x illuminated pouzdro long leopard shirt šaty
Reply reinery
11:29 PM on September 22, 2021 
dolphins stocking hat jones nike hypervenom phantom black out billig signature red sole shoes retro 1 jordans grade school tim hardaway jr. all black grey classic golf outfit
Reply JudyPew
11:26 PM on September 22, 2021 
cheap doxycycline online
Reply birkin bag
10:37 PM on September 22, 2021 
I together with my guys have been analyzing the excellent key points found on your web blog and before long developed an awful feeling I never expressed respect to the blog owner for them. Those women came as a result glad to study them and have truly been taking advantage of those things. We appreciate you really being very helpful and for picking this kind of outstanding topics most people are really wanting to understand about. My personal honest regret for not expressing gratitude to you sooner.
birkin bag
Reply porno interracial
10:35 PM on September 22, 2021 
With thanks, Good stuff.
porno interracial
classic porno
Reply moncler
10:24 PM on September 22, 2021 
I wish to express thanks to you just for bailing me out of such a difficulty. Just after looking out throughout the search engines and getting methods which are not productive, I figured my entire life was well over. Living without the approaches to the problems you have solved by means of your entire short article is a crucial case, and the ones that would have in a wrong way damaged my entire career if I hadn't noticed your web page. Your main knowledge and kindness in touching almost everything was precious. I'm not sure what I would have done if I had not come upon such a thing like this. I can also at this moment look forward to my future. Thanks a lot very much for your specialized and sensible guide. I won't hesitate to suggest your web blog to any person who should get assistance about this situation.
Reply kobe shoes
9:56 PM on September 22, 2021 
A lot of thanks for your entire efforts on this web site. My mum really likes doing internet research and it's easy to understand why. I learn all regarding the compelling manner you render efficient steps through your web blog and in addition strongly encourage response from the others on the area of interest so our child is in fact discovering so much. Have fun with the rest of the year. You are always performing a useful job.
kobe shoes
Reply lebron shoes
9:42 PM on September 22, 2021 
I wish to show my admiration for your kindness in support of individuals that need help with this one subject matter. Your very own commitment to getting the solution throughout came to be remarkably advantageous and have specifically helped associates just like me to attain their targets. Your personal informative report indicates a lot to me and much more to my peers. Thank you; from everyone of us.
lebron shoes
Reply BooPew
9:20 PM on September 22, 2021 
prednisone 10 mg tablet price cialis for men buy 10 mg prednisone tadalafil medicine online can you buy viagra canada
Reply JimPew
8:51 PM on September 22, 2021 
how much is viagra generic
Reply evestips
8:49 PM on September 22, 2021 
san diego padres hats brown quarters reception dress for nike air max tavas premium rojo us navy crew neck sweater broncos chubb jersey for cheap kobe reebok shoes
Reply retro jordans
8:28 PM on September 22, 2021 
I wanted to post you this very small word in order to thank you very much the moment again relating to the gorgeous opinions you have shared on this page. It's simply surprisingly open-handed of people like you to present unreservedly all that numerous people could have marketed for an electronic book to end up making some profit for themselves, notably since you could have tried it in case you considered necessary. Those pointers in addition worked to be the great way to know that other individuals have a similar interest just as my personal own to realize a little more in regard to this condition. I'm certain there are some more pleasurable times ahead for many who browse through your blog post.
retro jordans
Reply jordan shoes
8:23 PM on September 22, 2021 
I needed to put you this little note to be able to say thanks again on your magnificent views you have documented on this page. It has been remarkably generous of you to give publicly just what a few people could possibly have supplied for an electronic book in order to make some money for themselves, principally considering the fact that you could have done it in the event you decided. These advice in addition acted to become great way to be sure that the rest have similar desire just like mine to find out a lot more with respect to this problem. I know there are several more enjoyable situations ahead for individuals that see your blog.
jordan shoes
Reply kyrie 7
8:23 PM on September 22, 2021 
I have to voice my affection for your generosity for people that have the need for guidance on in this topic. Your very own commitment to getting the message all around had become exceptionally significant and have without exception permitted somebody much like me to realize their desired goals. Your new interesting guide denotes so much to me and substantially more to my mates. With thanks; from everyone of us.
kyrie 7
Reply kyrie 5
8:22 PM on September 22, 2021 
I'm just commenting to let you understand of the terrific experience my child gained visiting your site. She noticed several pieces, with the inclusion of how it is like to possess a great giving nature to get the others clearly understand some specialized topics. You really did more than our own expected results. Thanks for offering those valuable, trustworthy, informative as well as cool thoughts on the topic to Jane.
kyrie 5
Reply yeezy boost 350 v2
8:21 PM on September 22, 2021 
Thanks for your entire effort on this blog. Kate really loves managing investigations and it's really simple to grasp why. All of us notice all about the dynamic means you make helpful tips via the web site and therefore boost contribution from visitors on that topic while my child is truly studying a whole lot. Enjoy the rest of the new year. You're the one carrying out a very good job.
yeezy boost 350 v2
Reply curry shoes
8:20 PM on September 22, 2021 
I precisely needed to say thanks once more. I'm not certain what I might have taken care of without these suggestions discussed by you about my subject. It became an absolute traumatic dilemma in my opinion, but coming across the very well-written avenue you treated that made me to jump for contentment. Extremely happier for your support and as well , believe you recognize what a powerful job you were getting into teaching people all through your web page. I am certain you haven't encountered any of us.
curry shoes
Reply hermes belt
8:20 PM on September 22, 2021 
I needed to post you one little bit of observation to help thank you so much the moment again on the striking suggestions you've shown in this case. It was certainly strangely generous with you to grant openly just what a number of us could have advertised for an ebook to help with making some cash for their own end, most notably considering the fact that you might well have tried it if you ever desired. These strategies additionally acted to be a good way to be certain that someone else have the identical eagerness just as my own to find out a little more around this matter. I am certain there are millions of more enjoyable periods ahead for folks who read through your blog.
hermes belt
Reply yeezy
8:19 PM on September 22, 2021 
I wish to convey my passion for your kind-heartedness supporting individuals who really need help on this concept. Your very own commitment to passing the message all through ended up being really effective and have specifically made some individuals just like me to get to their pursuits. Your entire informative tutorial means a lot to me and far more to my office colleagues. Warm regards; from all of us.