Via a post read from Absentee, there is a grass roots organization of college students for Social Security reform. They are Students for Saving Social Security and are pro-personal accounts. Be sure to go to the "Do The Math" section (bottom right corner of homepage). It is brought to you by The Heritage Foundation; Input a few pieces of information and compare the monthly benefits received at your retirement through the current social security system vs. Bush plan of personal accounts.
Take note; this calculator assumes a 'worst case' scenario where you make the same income from today through retirement. I think many of us competitive professionals would hope to have a promotion or two in the next 30-40 years. This would only increase our monthly benefit.
As MoreThanCorn sees it, personal accounts are a no brainer.
Wednesday, June 22, 2005
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