Compare KissTrust to Social Security
By funding a KissTrust with a single one-time gift of $1,280 at birth; you can create a benefit greater than the projected social security benefit (1) 65 years into the future ($4,300 per month). The estimated amount of money contributed to social security by someone earning on $50,000 per year for a period of 40 years is $135,000! This means that they will have contributed over 100 times more than a funded KissTrust for less benefit.
Social Security uses an involuntary 'pay as you go' system that collects money from today's workers and employers to fund benefits of the current beneficiaries. No one is guaranteed to benefit the same amount they have contributed, nor does anyone have the choice of contribution amounts.
Social Security benefits always have the possibility of being reduced or even eliminated, as well as being subject to means testing. You have no guarantee that today's level of benefit will even be in place for your loved one.
In comparison, KissTrust is NOT a government program and it is independent from Social Security. The benefits of the KissTrust can never be taken away from your child or grandchild. This puts your loved one in control of their financial future, not a government program. The assets in your child's KissTrust are protected for its intended purposes only. With KissTrust, your loved ones will not be solely dependent on a governmental promise of benefit which may well be changed or eliminated.
Alarming Facts:
"By 2041, when workers [now] in their mid-20s begin to retire, the system will be bankrupt" (Strengthening Social Security for Future Generations - 2005)
"Unless changes are made by 2040, benefits for all retirees could be cut by 26 percent and continue to be reduced every year thereafter", (The Future of Social Security, SSA Publication No. 05-100055, ICN 462560, May 2006, http://www.ssa.gov/pubs/10055.html).
If Social Security were to fail in 2041 as MANY experts predict, just think of the disadvantage workers who retire after that. All of the money contributed ($135,000 in the example above) will realize NO return or benefit.
(1) Assumes index increase of social security benefits by two and a half percent per year.
