Monday, March 11, 2013

The Social Security Trust Fund

lets just say that you have two bank accounts, you have A account for general funds (rent, utlities, food) and you have a B account for retirement. you are able to put $2500 a month away for retirement, but you decide to sell bonds from your General account to your retirement account, you put the $2500 cash into the general fund and spend it on groceries, and bills After 10 years you have $300,000 worth of bonds in your retirement, how much money do you have to retire with?

This is the problem of the Social Security Trust Fund

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