Retirement Funds

One of the many arguments against relying too much on the Social Security Ponzi scheme is the fact that, despite what many people may believe, there is no such thing as a trust fund holding the money you have been paying in all of your working lives. Again, anyone who claims that there is such an account is either a liar, an idiot or both, and not to be trusted.

When a person passes away, there is no money or account to pass on to one's heirs, other than a measly monthly payment for some surviving spouses, until they die. This very real rip-off definitely earns the SS system the right to be called the Death Tax For The Other 98% of Americans (other than the evil rich top 2% who have to pay estate tax).

While my game plan has always been to help clients legally avoid paying anything into the SSA Ponzi scheme and use that $10,000 to $20,000 per year in savings to better invest for their own futures, Bush's idea to allow some privately controlled investing of money that would normally go to those corrupt rascals in DC is a step in the right direction. In fact, sticking that money under your mattress would yield a better rate of return than sending it in to DC for most people.

KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 2/16/2003 09:14:00 PM Send this post: