If you’re like most Americans, you’ve likely never heard of the “Private Social Security” payment plans used by some of the richest people in America.
Sure you’ve heard of regular Social Security – the government run fund that’s just about bone dry, at this point.
Indeed, the Social Security fund isn’t really a “fund” at all.
Back in 2000 Bill Clinton’s Office of Management and Budget noted that:
“These balances are available to finance future benefit payments … only in a bookkeeping sense. They do not consist of real economic assets that can be drawn down in the future to fund benefits. Instead, they are claims on the Treasury that, when redeemed, will have to be financed by raising taxes, borrowing from the public, or reducing benefits, or other expenditures.”
So let’s be clear: The Social Security money we think we have, isn’t any more real than the debt we sell to China.
We’re just taking it on faith that the revenue will be there to meet our obligations. There’s no guarantee that it actually will be.
And even if it is, we only have enough to last for another 15 or 16 years.
The truth is, Social Security isn’t solvent. Even if you’re already getting it today, there’s no guarantee you’ll get it tomorrow.
And that’s where Private Social Security, comes in. These plans let you fund your retirement, without relying on the government to meet its debt obligations.
These plans can return anywhere from 15-25% per year. They deliver annual payment rates 7 to 12 times greater than what you can get from most dividend stocks, bank CDs, and Treasury notes. They typically outperform bond funds and ETFs, as well.
David L. of Sugar Land, Texas, is 58 years old.
He signed up for one “Private Social Security” payment plan recently and now collects $11,110 every quarter — which works out to $3,703 per month.
Another investor, Michael H., 67, of Houston, is getting close to retirement.
But he already pockets regular payments of $23,629 every single quarter from his stake in another little-known but HUGELY profitable private payment plan.
That works out to $7,876 per month in extra income for Michael and his family.
Then there’s Bill M., 63, of Denver, Colorado.
Bill is only 63 years old, but he’s already collecting an extra $8,701 per month from Private Social Security.
This isn’t new. It’s something we’ve written about before. But it bears repeating. Private Social Security plans are an important step to safeguarding one’s retirement.
