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Solving Social Security is No Big Deal - The Solution (August, 2006) |
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Submitted by Steve Selengut
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Are you surprised that there is no Social Security Trust Fund... no investments and no Investment Managers. This is a gigantic Government designed and controlled Ponzi scheme that has worked incredibly well in spite of congressional tinkering and prohibitively high cost. There was always a tax plan for funding the benefits, but never an Investment Plan.
The Solution... Continued from "Solving Social Security is No Big Deal - The Details"
Solving Social Security: Fire the Politicians!
What Social Security Trust Fund: Fire the Politicians!
Simplified Social Security: A Personal Approach
There is no "Social Security Trust Fund"... no investments and no Investment Managers. There was always a tax plan for funding the benefits, but never an Investment Plan. This is a gigantic Government designed and controlled Ponzi scheme that has worked incredibly well in spite of congressional tinkering and prohibitively high cost.
The SSRIA is a personal retirement program, funded by a much smaller, yet flexible, payroll deduction, and it is designed to be the foundation of a retiree's total retirement package... a benefit floor. The SSRIA is a new and improved version of the ancient Deferred Fixed Annuity Contract... a boring but guaranteed retirement benefit vehicle.
Click for Details --> The Details <--
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