![]() So here we are… now it’s not a “plan” or a “list” that you join, but a company whose shares you buy, and which is then obligated to pay you some of the profits. “And allowed the company to escape paying corporate taxes at the same time.”Īnd, apparently, thanks to President Eisenhower, this company is “legally obligated to pay you a share of its profits.” “The folks in Washington paid them more than $227 million last year to oversee it. “The company behind the plan I’m sharing with you today provides a resource so immense, expensive, and time-consuming to control… “Unlike outfits who provide overlooked “everyday” services like internet access, electric, or even garbage collection… What else do we learn about this company? More from Pearce… Lots of meaning in that little change of phrase. I bet you know where this is going, and it’s going away from “get payouts” and toward “buy payouts”. Government.”Īha then, there’s a “private sector company” involved. “When you submit the postcard-sized membership form it goes directly to a private sector company that has one of the most unique financial relationships ever formed with the U.S. “Remember, this plan has nothing to do with the actual Social Security fund. “And there’s no way you can be turned down. “… the form which allows you to collect payments that average up to $1,003 a month is so simple to understand… More about how easy it is to “collect payments”… I’m sure they really exist and do (or did) have income at those levels… but there’s nothing very specific said about how they got that income other than those nebulous references to “loopholes.” I don’t know who these folks are, of course, they’re presumably subscribers to Personal Finance who sent in comments to the publisher, or perhaps folks who were interviewed about this in some publication and have had their names changed. “Which amounts to a 73% income boost this former California avocado farmer can count on each and every year.” who’s 69, raked in $12,040 last year thanks to this loophole. a 57-year-old from Pennsylvania collected $6,020. “Even though he’s 48-and decades from retirement-he was still able to tap this opportunity for more than $1,720. They make us sit through more of the spiel first… he throws out a few examples of folks who are collecting this money…. ![]() ![]() Gosh, a “plan” that offers income to everyone? And all you have to do is “put your name on the list?” I knew those “coastal elites” were getting something cool and free that I didn’t have! How do I get it? “In fact, my research shows 100% of the people who put their name on this plan’s list were approved.” “This income boost is available to EVERYONE. ![]() “Plus, it doesn’t matter how much money you currently make. Because it allows you to boost your income by up to $12,040. “This income-boosting loophole is so obscure, less than 1/10 of 1% of Americans are taking advantage of it. Pearce starts us off with the promise of “income” … So let’s dig into this latest spiel, shall we? It’s from Personal Finance, a venerable investment newsletter that has gone through almost as many editors in the past few decades as Zsa Zsa Gabor had husbands (if you don’t get that reference, you’re not in the prime target demographic for newsletter promoters), currently being helmed by Jim Pearce (whose signature also rests at the bottom of the ad). These newsletter ads that promise “government payouts” or “extra Social Security” or other “free” money probably generate more questions (and complaints) than even the “get rich quick” spiels about the next hot gold miner or biotech breakthrough.Īnd you can see why - the target audience for investment newsletters is “folks in their 60s and 70s”, for the most part, and the complexity of Social Security often makes people feel like they might be doing something wrong… and, of course, the tendency for all of us is to feel like we deserve more than we’re getting, so the notion that the government owes us money can ring true on a subconscious level, even if we know it’s probably claptrap. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |