Monday, July 4, 2011

Rich's orginal idea, to help Social Security

Rich is a CPA, so he would be in expert, in improving the federal tax rates and spending. Rich has a new generation skipping plan for Social Security. Many Americans retire and receive pensions, causing them to decide that they don't need Social Security. Rich thinks that those people should have the choice to not receive Social Security benefits. Instead, they could tell the federal government to save the money for one or more of their grandchildren. The Social Security Administration would send documentation to the retiree and his or her grandchild (or grandchildren), promising to give that money to the grandchild (or grandchildren) upon their retirement. If Congress passes a bill, with this suggestion, and some retirees use choose to use this plan, the Social Security payments, would decrease.

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