Focus Point - Something New from the NCPACommentary by Pete du Pont
January 21, 2000
I'm Pete du Pont with the National Center for Policy Analysis. Now that the Social Security Administration has begun distributing taxpayers benefit estimations, the NCPA has unveiled the most personal and accurate Internet Social Security Benefits Calculator available.
Once you use it, you'll see for yourself the huge difference between investing retirement dollars yourself and handing them over to the social security administration.
The calculator's on the NCPA website: www.ncpa.org. It factors in everything from current earnings and planned retirement age to potential investment decisions and changes in Social Security law. That last part's important, because changes in benefits payments and eligibility differ based on the person's current age.
The calculator draws on a data base of statistics, including thousands of work histories and earnings profiles of various occupations. But it doesn't matter if you're a brick layer or an investment banker. You put in your numbers, it tells you what you'd earn on your own compared to what the government's forcing you to take.
Read 'em and see for yourself how much better you'll do in the market.
Again, that's www.ncpa.org.
Those are my ideas, and at the NCPA we know ideas can change the world. I'm Pete du Pont. Next time, the newest clinton tax grab.