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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (68726)	12/26/1999 10:37:00 PM
From: Grainne	Read Replies (1) \| Respond to of 108807

<<If we keep the current system then I'm in favor of means testing because it is essentially a welfare system and NOT a self-funded retirement plan as the AARP likes to imply.>> This is an interesting concept, but implementing it would be tricky. It seems to me that you would have to test means not on net worth but on how much the retiree has coming in every month from pension plans, etc. Because of the variance in how long people live, and market ups and downs, it doesn't seem very fair to demand that people cash in a certain percentage of their net assets every month, for example. So how would your plan work?