How would you like to earn Social Security for half the price, pay no
income tax on it, and pass the benefits on to your heirs?
Now you can because I am selling off the rights to
my future benefits.
Here's how it works.
- You purchase "Social Security Certificates" (SSCs) from me for $50 each.
- Each SSC means you'll get exactly what I'll get from Social Security for
paying $100 in FICA.
-
So when I retire (or become disabled or die)
each SSC pays a piece of my Social Security (or survivor benefit) equal to the portion that
is $100 worth of my lifetime FICA.
SSCs also offer benefits that Social Security won't give you. They are liquid, transferrable, and not subject to income tax.
Some investors might be concerned about the uncertainties.
- What if they raise the retirement age?
- What if wage-indexing is changed to price-indexing?
- What if my income fluctuates?
- What if they add a means test for benefits?
When you pay
your own FICA, you do so without being sure of when you'll retire, what your earnings will be, how long you'll live, what benefit you'll get, or even if you'll get a benefit at all!
We all face these same risks with our investment in Social Security.
Investing in
my Social Security is no different than investing in your own.
With SSCs however, you can be sure that you're getting twice the bargain that Social Security offers you and most leading economists agree that 1) Social Security is in great shape and
2) it the best investment available to workers today. I've documented some of this in my
economist roundup.
So hurry and buy some today. Don't let this offer pass you by!
Read more of the
detailed numbers if you want a fuller picture of the financials.
