Thursday, December 2, 2010

Amazing but True: Currently being advertised on US television - your Social Security will not be enough

Ascot Advisory Services, Dec. 2, 2010

Styled after the popular game show, Who wants to be a Millionaire? - The US Social Security Administration is advising citizens through its new commercials how to find out what their projected social security retirement benefits will be. More amazing, is the blatant disclaimer at the end of the commercial, that Social Security is not meant to be an all-inclusive government sponsored retirement plan, and that citizens should supplement future retirement income from private savings.

This is the first time in my life I can ever remember such a public advertisement notice, or information bulletin from the US Social Security Administration. It is quite amazing and ironic that they should make such an announcement now, when it was never done before. What’s the spin? Basically that Social Security is or will be broke very soon and that Mr. or Ms. US citizen should beware or at least forewarned. In other words, Social Security is letting you know – Don’t complain to us when you retire, we told you in 2001 that we can’t support you (but thanks for sending in all your money during the years you were working).

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