Accessing Funds from your USA


The USA Plan is not an optional plan. Were it designed to be one, who in their right mind would trade a $4 million nest egg and a $33,000 a month retirement check for no nest egg and a $2,000 a month check. Since there are no options, the remaining question is when can an account holder access his money.

The Plan requires no withdrawal of funds until 65 years of age.

If the account holder dies before then, the entire balance in the account goes to whoever is designated in his or her will or by applicable law in the case of no will.

Upon reaching 65 years of age the account holder may withdraw monthly an amount equal to 1/12th of10% of the account’s balance. This should approximate the earnings for the year, leaving the balance of the account substantially where it was at the beginning of the year.

The purpose of the USA was not only to build wealth but to avoid having Americans go on welfare. Should he or she decide to take down all or a portion of their nest egg, the Plan requires an account holder to buy a for-life insurance annuity that will pay him until he dies the maximum amount Social Security pays. Every month.

In addition, he needs to buy a health insurance policy that will cover 100% of the cost of catastrophic health events.

After making such provisions, the account holder may take down the balance of his or her account.

Short-Term Account Holders

In the case of older account holders, the situation will occur where the amount in their account at 65 is not the amount that would cover their Social Security and Medicare thresholds.

For example, A man reaches 65 after 5 years in the Plan. He has accumulated $50,000 in his USA. He is still qualified to receive his full Social Security at the top rate. By most measures, he should rebate the amount in his account to the Treasury to offset his future benefits. The Plan has been designed, however, to partially benefit the account holder by having only 50% of the account returned to the Treasury and 50% left in the account to be ratably distributed monthly over a 15-year period.

The Obama Economy Was A Disaster

The Obama Economy Was A DisasterAs a part of this mid-term election, former President Barack Obama has hit the campaign trail. It appears in joining this fight his main target is countering the enormous success of the Trump economy. Barack contends that he...

read more

Do You Want to Fix Our Economy?

You should. After 241 years, according to the total US debt is just as large as all private and public assets combined. You can’t pick one reason for such a disastrous result for the most powerful, richest, and the freest country on the...

read more

Do You Want to Make the Working Poor Rich?

When asked that question many people reply with a question. Who is going to clean my house, who will pick up the garbage, where will we get stoop labor to pick our crops? Some will think this is selfish, but the reality is very compelling. If everyone is...

read more

Are You Planning for Retirement?

At some point in life, everyone must consider how to pay for retirement. That was not an issue when the Constitution was written. In those days families took care of the elderly. Today, that is the exception. Individuals have had to turn to private and...

read more

Are You Concerned About Poverty?

If you are an average American, it is unlikely that you are deeply concerned about poverty. 100 million Americans receive some sort of government financial assistance and that doesn’t include people on Social Security or Medicare. When you add government...

read more

Prosperity For All

Prosperity for all is possible with Universal Savings Accounts "We have an opportunity to make the world a better place. Rather than wasting time compromising the political ideologies of progressives and conservatives, Americans could use that time to...

read more

The USA Plan Multi-Tasks

The American Government needs to work better for the people. It needs a redo. As long as it does, let’s try to make it a comprehensive redo in which many goals are reached. The USA Plan is a step in that direction. The USA Plan multi-tasks to reach the...

read more

The Reason behind the USA Plan

When President George W. Bush just tried to partially privatize Social Security in 2004 and 2005 the CEO of the Prosperity Commission, Dick McDonald, a life-long tax man, knew Bush’s attempt would fail. He knew it would fail because it wasn’t the type of...

read more