BABY BOOMERS

Social Security; What About Me?

1.  ALREADY DRAWING A SS CHECK; Current workers support “securing today” by agreeing to make your social security retiree checks good without revision until the day you expire.
   
   
2. STILL WORKING; Current retirees support “unlocking tomorrow” which creates a new individually owned retirement account (ICIRA) for every worker currently receiving a paycheck subject to social security taxation.
   
   
3. Both retirees and current workers support the ACT plan that:
       a. Addresses the social security funding burden long term by phasing out new social security retiree obligations over 35 year period.
       b. Eliminates new social security IOUs created by over payments on my children and grand children, and begins phasing out the current 2.5 trillion dollar social security IOU debt you’re on the hook for.

Social Security Benefit; So is this it?

1.  If I’m drawing a SS check, i get my social security check without revision until the day I expire
   
2. If I’m still working, I’ll have a new retirement account (ICIRA) that I own
   
3. My children and grandchildren will get a new retirement account (ICIRA) that they own
   
4. Future SS debt burdens are relieved by phasing out new SS retiree obligations over the next 35 years
   
5. There will be no more new SS IOUs on my loved ones