Sunday, March 20, 2005
Real Social Security Preservation
Another simple explanation of Why personal accounts would work for individuals and for the solvency of the social security system.
The author cites several economic analyses that show real average return of 4.7% or better after inflation are extremely likely in a 'poor' market as well as a 'good' one. It's all a matter of investing for the long term, i.e. 20 plus years. Having studied this topic, it's hard to fathom how one could disagree with their conclusion :
"We can have personal accounts that allow individuals to build retirement nest eggs they will own and control. In fact, such accounts are the only proposal on the table that can preserve Social Security for decades to come. The time to act is now."
The author cites several economic analyses that show real average return of 4.7% or better after inflation are extremely likely in a 'poor' market as well as a 'good' one. It's all a matter of investing for the long term, i.e. 20 plus years. Having studied this topic, it's hard to fathom how one could disagree with their conclusion :
"We can have personal accounts that allow individuals to build retirement nest eggs they will own and control. In fact, such accounts are the only proposal on the table that can preserve Social Security for decades to come. The time to act is now."
