[Cincinatus' Wife]

Page 2

And it doesn't vanish into thin air when they die -- they own it.

Check it out.

[PLD]

I did not know about this..I plane to send it on to others..

Thanks Cincinatus’Wife..

[deport]

Employee and employer contributions are actively managed by a financial planner—in this case, First Financial Benefits, Inc., of Houston, which both originated the plan and has managed it since inception.

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For some reason ENRON comes to mind when I read the above......

[Track9]

Bump!

[shield]

Perry Ping....

IF you'd rather NOT be pinged FReepmail me.

IF you'd like to be added FReepmail me. Thanks.

[smoothsailing]

[Rick_Michael]

to read thanks...

[andyk]

I want in. What a great way for individuals to prepare for their retirement, and to reduce spending and power at the federal level.

[Nicojones]

Thanks for posting that CW. When Perry called social security a Ponzi scheme, he was dead on right. It meets every definition of a Ponzi scheme. The only difference is that a Ponzi schemer can’t print more money. However, did you see the establishment republicans on the talk show circuit tear him down for that comment? They were right there alongside the Dems. it was appalling. Every well meaning conservative should be coming to his defense. The new deal farce is coming to an end and its time we call it like it is. He was the first real Presidential contender to have the cojones to do it. The Texas plans you’ve posted are definitely viable alternatives.

[SoJoCo]

There isn't a whole lot new in this. As the article says, states and municipalities have done this on their own for years. My father-in-law spent 30 years paying into the state of Ohio retirement plan instead of Social Security, and got a nice pension payment as a result. Railway workers have the Railroad Retirement Board instead of Social Security. The exception of these three seems to be that they may have managed their money better. That and they didn't add on another municipal pension plan on top of Social Security like so many other governments have done.

[tumblindice]

http://www.google.com/search?sourceid=navclient&aq=0&oq=CA+teachers+social+security&ie=UTF-8&rlz=1T4TSNA_enUS355US351&q=ca+teachers+and+social+security

[narses]

+

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[painter]

Bump

[Dagny Taggart]

This is fabulous !!! I have been trying to explain this concept to several died in the wool Democrats to no avail. When I tried to print this article I got 22 pages of poopoo. Can you please post a printable version so I can make copies for friends. Thanks, Dagny

[SomeCallMeTim]

I could be wrong.. but, I don’t believe Brazoria or Matagorda County went along with this.. I KNOW Galveston County did. And, I KNOW people who are thrilled with the result.

[normy]

My brother worked for the Bedford Fire Department and he didn't pay into SS either. It was a personal retirement account because he was a city employee. Used to piss me off that I was forced to give up my 15% (I own my own business, hence the 15%)to gov’t who will pay my neighbor to sit on his butt.