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Social Security: Problem And Solution
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Social Security is not a problem right now; in fact, it runs a large surplus every year. However, Americans are living longer, and drawing more Social Security payments than they ever put in. Early in the next century, we will be paying out more than we take in, and Social Security will have to dip into its surplus, which is currently u .... Middle of paper
.... available. For instance, and perhaps the simplest, is to invest the funds into a money-market account, which will on average receive 1-1 1/2% more interest than a traditional savings account. From the time the average American starts working - say 16 or 17 - till the time he retires, there will be a lot of money that has accumulated in this account. Another option is a tax-sheltered annuity. This is an option available to anyone - as long as th ....
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Number of words: 731
Number of pages: 3 (approx. 250 words per double-spaced page)
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