Gongol.com Archives: August 2012
Brian Gongol

August 30, 2012

News British Green Party looks for a new boss

Business and Finance Good idea: Personal, portable savings accounts for old-age use
The sooner we all realize (a) that the government isn't any better at managing people's long-term savings than individuals are, (b) that people aren't likely to save enough for old age without some kind of mandatory savings requirement, and (c) that the Social Security system is anything but an adequate system for old-age savings (considering that it's underfunded, over-extended, and doesn't allow the individual to pass along anything to his or her heirs), the sooner we'll start to get on-board with some plans that are realistic for the future. America's personal savings rate is just 4.2% right now. That's not even close to what it should be.

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