Maurice Youakim

Social Security and Medicare for the New Millenium Maurice Youakim

Social Security and Medicare have been a great concern for millions of Americans, especially those who are approaching the retirement years. They are concerned that the funds will not be there. In response to the justified alarm, the author of Social Security and Medicare for the New Millenium proposes a guaranteed plan to insure that the funds for Social Security and Medicare will be there for the American public. Each working individual will have two accounts in a Social Security and Medicare Bank in his or her state. All the money deducted from their salaries and their employer contribution will be deposited in their accounts. That money will be placed in safe investments allowing individuals to live off their accounts during their retirement years. Of course, the monthly retirement income would depend on the total amount deposited and the accrued proceeds from investments. Many examples are given to explain the plan as it applies to individuals with different income levels.