Own Your Own Retirement

By Herman Cain

As demands on retirement plans increase, American workers will benefit from market-based accounts they control.

There are few guarantees in this life. The most widely recognized are death and taxes, but it’s also guaranteed that government isn’t as concerned about your well-being as you are. Liberals claim to support “guaranteed” retirement benefits, regardless of the cost or our ability to provide them. The reality is that guaranteed benefit plans – whether provided by government or private companies – will not be able to survive the coming generations.

Despite media skepticism, American workers are capable of handling their own retirements. They just need the tools available to save and to take their savings with them from job to job. The decline of the traditional pension only makes this need more evident. The problem is the same whether it’s Social Security or IBM’s pension fund – you can’t rely on someone else to take care of your future. The good news is, we’re up to the challenge. Read more at The Free Market Project.