Privatizing Social Security--Not!...…

April 1998
Journal of Financial Planning;Apr98, Vol. 11 Issue 2, p18
Academic Journal
The article focuses on privatized Social Security account as seen by James F. Smith, a certified financial planner and author of the book "The Path to a Successful Retirement." According to Smith, the minimal return workers would have to earn in a privatized Social Security account should equal the current benefit system. The minimal returns necessary varied depending on the level ot the worker's annual income, whether he was single or married with a working or nonworking spouse, and whether he missed as many as ten years from the job market. Smith assumed the person


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