Tuesday, July 26, 2011

Stock Markets Tremble As Debt Ceiling Debate Rages In Washington [UPDATE]


Income Means Testing for SS recipients at every age would be helpful. Revising SS to allow private investment accounts for private contributi­ons starting right now for new entrants in the work force, up to age 35 starting next year. Continuing existing system for participan­ts ove age 35. The objective should be allowing retirement funds to maintain purchaisng power while allowing any participan­t to retire at age of their choosing over 55, so long as they meet minium retirement levels equal to last year's income from work, or inflation ajusted average income, whichever is higher.

Esisting 2.6 Trillion rolled over into 26 investment management portfolios of $100 Billion each, structured into Prudent Man portfolios and privatelly managed and administer­ed, easily doable in this era of many public mutual and investment funds of $100 Billion plus.
Read the Article at HuffingtonPost

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