Guaranteed Social Security Benefits: Making The comic complicated PSA (Personal Savings Account) legislation bouncing Congress to raise taxes, increase the risk of investment, and expand the size of government. Let's stop with the application of dressings spouting arteries. We are looking for a program of guaranteed retirement benefits, and organizations capable of providing. In addition, we want the new program to reduce taxes, create jobs, stimulate the economy, lower prices and increase wages. Difficult? Not really.
This is the conceptual schema of a site plan for five years, a starting point for reflection necessary to develop the details, rules, regulations, laws and institutions. All that is needed is the will to change things productively. Politicians like to debate changes to determine why new ideas can not be implemented. Here's a plan to be implemented. Have a listen, take a hold and protect your future.
Guaranteed benefit programs have been around for over 100 years and millions of people around the world enjoy the benefits they offer. Here's how they do. Each month, they deposit money into an investment account managed trust. The money avoids the stock market (mostly), index funds, products, or MLM-like derivatives and is carefully invested in high quality debt securities, a large number of Private Placements better performance.
All earnings are reinvested in similar securities and the fund eventually produces more wins than the participating investors contribute; the trustee manages the portfolio. At retirement, the cessation of deposits and guaranteed benefits begin. The concept of service is guaranteed for life --- extraordinary, older and wiser than any living being or presidential candidate of Congress.
What if instead of donating 7.6% of your salary (15.3% if you're self-employed) to support the war from day: (a) you can choose to deposit from 3% to 5% your salary into a guaranteed retirement program maturing anytime after age 60 years, (b) the lifetime benefit is totally tax free, and (c) your employer uses his savings to either create jobs , increase non-executive salaries, reduce prices, or increase shareholder dividends. Interested?
The SSRI (Social Security Retirement Income Annuity) is an improved version of the old fixed deferred annuity retirement vehicle --- a boring but guaranteed fixed amount only. (False, I do not sell annuities --- they just happen to be the solver perfect social security problem.) There are a lot of new wrinkles: (1) The minimum contribution is mandatory for all employees, but don ' important that a social security number may be an SSRI.
(2) qualified (15 years of experience in fixed annuities) Providores SSRIs are assigned to participants randomly by SS # --- only One per participant, per lifetime, please. Since the "qualified by qualified people," companies do not Providores acquisition, retention, or advertising expenses, there are no sales commissions, administrative expenses and management fees are capped at 0.5 % of total working capital.
(3) All contracts SSRI, regardless of supplier, will contain the same terms, interest warrants, choice of retirement benefits, death benefits pre-retirement, which eliminates any incentive to internal fraud and manipulation statistics.
(4) qualified suppliers will establish separate tax exempt, "mutual" subsidiaries to manage and monitor operations, ensuring that the profits are distributed to policyholders. Profits are distributed 50% to policyholders and 50% assets to a trust fund health insurance for retired members (HITF). (5) All vendors must use the same mortality, investment income, and expense assumptions in their annuity benefit calculations, and that life and life annuities are available A +. (6) Benefi.
Posted on March 28, 2010.
