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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (42677)	12/25/2005 5:20:12 PM
From: Lazarus_Long	Respond to of 90947

Paid annuities. with a real, honest-to-God trust fund, have been around FAR longer than SS. 1722 Abraham De Moivre states De Moivre's theorem. 1724 Abraham De Moivre studies mortality statistics and the foundation of the theory of annuities in Annuities on Lives. 3rd1000.com At least 3 centuries there. scholar.hw.ac.uk This is what you need to know (and was known far in advance of SS): 1728.com 1728.com Given a number of years until retirement, an assumend interest rate that money can earn over those years, and an assumed number of years that a person will live off the final capital of the annuity, a yearly contribution can be calculated. The annuity fund can be hels by a trust company independent of the gov't. The funds can be insured by the gov't. If the person outlives the fund, the gov't can step in to keep annuity payments until death. A requirement can be passed into law that each person must put X% of their yearly income into the annuity. If they do not, the money they kept from the fund will be taxed at 100% plus a penalty, so they might as well.