ACP Platform Principles Summary

These are in no order of importance please check out the full platform plank for full details if more details are listed in following sections.

Social Security & Retirement- Give American options and the control over their own finances and retirement.

The Social Security system has been the ATM for Congress for far too long.  Congress has raided this fund any and every time it needed money and couldn't get elsewhere, leaving an I.O.U. for the plundered funds.  Meanwhile, modern medical science has made it possible for people to live longer than previously planned for.  Thus the "Baby Boomer" generation is using Social Security funds being paid-in by later generations, and if this trend continues without some type of realistic fix, those currently paying into the fund will have nothing left when they need it later on.  In politics, it's called business as usual.  For the rest of us, it's called "embezzlement" and carries stiff penalties.

  The ACP does not believe that the federal government should be involved in private citizens' financial planning decisions, nor force them to save for their retirements at all.  However, those who are comfortable with the current Social Security system may wish to continue the same automatic deduction, but be assured that their money remains under their control. Thus, the ACP supports:

1.The ACP proposes a new program where working Americans are given a choice of whether they want to pay into a medical/retirement savings account administered by the government, provide proof of a private retirement plan (and have their payments deposited into it), or not participate at all (thus giving them more take-home pay, but less future savings). 

2. All payments made by citizens thus far in their working lives would be deposited into their medical/retirement savings plans for their own personal use.  No government officials would have access to these funds, much like existing private savings accounts.

3. Those that opt out of the program entirely would have their existing Social Security monies already paid in refunded to them immediately, with no further payments required.

4. Those who opt-in to the new savings program and spend their medical/retirement money will have the option to have more money paid-in (from their own funds), much like a reloadable credit card. 

Universal Pension Plan:

1. The Universal Pension Plans system will start when you begin your first job and are able to and open a 401(k).

2. This plan streamlines the nearly twenty odd choices that you have for tax deferred plans but the plan is still tax deferred.

3. Each individual decides which investment portfolio is right for them, not the government.

4. When you leave a job your 401(k) with that employer the money you have in your 401(k) rolls over into your pension plan. This makes switching plans easier as the 401(k) just rolls into your overall retirement plan.