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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (117387)	5/31/2005 3:55:23 PM
From: carranza2	Read Replies (1) \| Respond to of 793762

That's a high compliment, coming from a CPA. If I had any idea what compounding interest could do to my present financial situation, I would have started investing when I was 18 or earlier. Could have retired in my 40s. This is the solution to SS. Every body gets $5-10K upon birth from the Government. It gets put into a melange of safe investment vehicles, then starts to get distributed at 62 or 65. If someone dies before being entitled to distributions,the amounts invested go to the heirs as determined by state law, and distributed or allowed to further accumulate depending on the heirs' age. It's the switchover from the present way things work to the new system I think would work like a dream that is tough.