132 million lock boxes can
While suffering from writer’s block on another project, I figured why not try to solve some of the world’s problems in the mean time. That is the genesis of The Content Developer’s Plan to “Save” Social Security. (version 1.2)
Ask yourself what would happen if we put a portion of our Social Security money into private accounts and invested it, not in the stock market, but strictly in US Government bonds?
First, we could double the rate of return our Social Security money is earning without adding any additional risk. Second, we would allow the creation of private accounts in such a way that provides the benefits those accounts produce while adding none of the risk. Third, we would leave the existing Social Security system in place while changing the structure just enough to force a more effective accounting of the numbers.
The devil is in the details, so let’s dig a little deeper.
First, how we double our rate of return with no added risk? Figures circulating in the Social Security debate suggest that right now our Social Security retirement money is yielding somewhere between a 1.2 and 1.7 percent return per year. For the sake of argument, let
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