Reply to thread

Message

<blockquote data-quote="tonyexpress" data-source="post: 2802398" data-attributes="member: 1940">How about this fix for social security? <a href="http://www.investmentnews.com/article/20170419/FREE/170419906/ric-edelman-proposes-social-security-fix-allot-7000-for-each-baby" target="_blank">http://www.investmentnews.com/article/20170419/FREE/170419906/ric-edelman-proposes-social-security-fix-allot-7000-for-each-baby</a><a href="http://www.investmentnews.com/article/20170419/FREE/170419906/ric-edelman-proposes-social-security-fix-allot-7000-for-each-baby" target="_blank">Ric Edelman proposes Social Security fix: Allot $7,000 for each baby</a>Ric Edelman, executive chairman of Edelman Financial Services, introduced a plan Wednesday in which the federal government would set aside $7,000 for each newborn baby for 35 years and invest the funds for the child&#039;s retirement. An investment board appointed by Congress and the president would make portfolio decisions. After the initial 35 years, the government would recoup its initial outlay and use the proceeds to reinvest for the next 35 years of births.After 35 years, the average value of the investment for each child would be $93,000, based on an annual 7.68% return, according to Mr. Edelman. By the time child retires at 70, he or she would have $1 million, or an average monthly payout of about $1,341, which matches the current Social Security benefit.</blockquote>

[QUOTE="tonyexpress, post: 2802398, member: 1940"] How about this fix for social security? [SIZE=5][URL='http://www.investmentnews.com/article/20170419/FREE/170419906/ric-edelman-proposes-social-security-fix-allot-7000-for-each-baby'][/URL][/SIZE] [B][SIZE=5][URL='http://www.investmentnews.com/article/20170419/FREE/170419906/ric-edelman-proposes-social-security-fix-allot-7000-for-each-baby']Ric Edelman proposes Social Security fix: Allot $7,000 for each baby[/URL][/SIZE] [/B] Ric Edelman, executive chairman of Edelman Financial Services, introduced a plan Wednesday in which the federal government would set aside $7,000 for each newborn baby for 35 years and invest the funds for the child's retirement. An investment board appointed by Congress and the president would make portfolio decisions. After the initial 35 years, the government would recoup its initial outlay and use the proceeds to reinvest for the next 35 years of births. After 35 years, the average value of the investment for each child would be $93,000, based on an annual 7.68% return, according to Mr. Edelman. By the time child retires at 70, he or she would have $1 million, or an average monthly payout of about $1,341, which matches the current Social Security benefit[B].[/B] [/QUOTE]

Verification