Personal Finance Expert Ric Edelman Reveals Solution to the Social Security Crisis

Based on the principle of compound growth, the T.R.U.S.T. Fund for America calls for the government to set aside a one-time amount of $7,000 for each child born in the United States, and to repeat this annually for the next 35 years. The money would be placed in an investment portfolio determined by an expert panel appointed by the president and Congress. After 35 years, the government would receive back its initial outlay, plus inflation, and use the proceeds to fund the program for children born during the next 35-year cycle.

Source: Personal Finance Expert Ric Edelman Reveals Solution to the Social Security Crisis

*  *  *  *  *

It’s at least a start.  Most realistic idea that I’ve heard yet.

–30–

Please leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: