Of course congress blocked this. They would not have our money to spend.
Galveston County: A Model for Social Security Reform
http://www.ncpathinktank.org/pub/ba514
Workers making $17,000 a year are expected to receive about 50 percent more per month on our alternative plan than on Social Security - $1,036 instead of $683. [See the Figure.]
Workers making $26,000 a year will make almost double Social Security’s return - $1,500 instead of $853.
Workers making $51,000 a year will get $3,103 instead of $1,368.
Workers making $75,000 or more will nearly triple Social Security - $4,540 instead of $1,645.
Galveston County’s survivorship benefits pay four times a worker’s annual salary - a minimum of $75,000 to a maximum $215,000 - versus Social Security, which forces widows to wait until age 60 to qualify for benefits, or provides 75 percent of a worker’s salary for school-age children.
In Galveston, if the worker dies before retirement, the survivors receive not only the full survivorship but get generous accidental death benefits, too. Galveston County’s disability benefit also pays more: 60 percent of an individual’s salary, better than Social Security’s.
Buy stock to make money for retirement.
I have AMD stock right now which at the current value would be enough for me to get by for a few decades even if I spent the principle and never invested it again.
If the stock gets to $110 I figure I can retire more comfortably plus if you add in the near $2,000 a month social security check I would not ever run out of money.
I started trading stock in 2009 with Ford and started back trading again in 2014 when over the years since bought stocks that went up and up. How did I pick the stocks? I did a search on best performing stocks and choose the ones that had done well and what I hoped would be future growth. Apple, Netflix, Nvidia and now AMD. If AMD (53.50) performs like Nvidia (357.30) (similar product) then I can buy me a real nice boat.