Issue Position: Social Security

Issue Position

I will start with stating that I do not believe in changing the current system for anyone who desires to use it in its current form. I would provide two options for citizens entering the workforce.

1. If you are stock market savvy and feel that you can manage your own investments you will be provided a brokerage account similar to a 401K that allows you to save at your own rate above a mandated minimum amount from your paycheck. You have full control of the account.

2. If you are not comfortable managing your own savings or hate the idea of investing in Wall Street you will have the opportunity to open a savings or money market account at the bank or institution of your choice. The account will accrue interest at a negotiated and guaranteed rate.

The federal government would have one responsibility and that would be to guarantee the principal of any account in the case of a bank closing or market crash. The government could also offer cash out options of the current system to people who feel they have their finances in order.

The current Social Security system would be eliminated when the last participant passes.

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