"Black Americans in particular would benefit from this reform," notes Project 21 member and syndicated columnist Deroy Murdock. "Since we tend to die sooner than other Americans, we typically collect less of our Social Security benefits than do others. Personal retirement accounts would let black Americans enjoy this wealth sooner, and, unlike in today's system, pass it along to their heirs."
Project 21 member Eddie Huff, a financial planner, recently wrote in a New Visions Commentary: "In my experience, black Americans seem least likely to properly plan for and take the necessary actions required to leave an estate behind of any real worth... [S]uccessive generations of African-Americans must start from scratch... The Bush Administration needs to drive home the fact that transferability is a key facet of reform."
Read on.
