Sen. John F. Kerry "Investor of the Week"

[Tigermike 3,042]

AFP Names Sen. John F. Kerry "Investor of the Week"

Urges Lawmaker to Allow All Americans to Build Retirement Nest Eggs With Personal Accounts

4/26/05

WASHINGTON -- As the U.S. Senate Finance Committee met today for a hearing about Social Security reform, the free-market grassroots group Americans for Prosperity named one of the committee's members, Sen. John F. Kerry, its inaugural "Investor of the Week" for his outstanding personal investment record and secure retirement future. The group also urged Sen. Kerry to back legislation creating personal accounts in Social Security, which would allow all Americans to build larger retirement nest eggs by investing some of their Social Security tax dollars in safe bond funds and stock funds.

"Senator Kerry and his wife, Teresa, are to be congratulated on the fine job they've done investing their personal assets in very effective, diversified and profitable ways," said Americans for Prosperity spokesman Ed Frank "Their retirement years promise to be very secure, thanks in large part to the power of long-term free-market investments. Of course, not all workers are as fortunate as Senator and Mrs. Heinz-Kerry, which is why it's so important to allow all Americans to invest a portion of their Social Security taxes in personal accounts."

Americans for Prosperity said Senator and Mrs. Kerry have done a particularly commendable job at diversifying their assets, with the Senator's most recent personal financial disclosure form's list of trust funds, stock funds, individual stocks and other investments stretching 61 fine-print pages. For example, just one stock fund listed on Senator Kerry's personal disclosure form -- the "Heinz Family Commingled Stock Fund II" -- lists a wide variety of investments, including AFLAC, Abbott Labs, Anheuser Busch, Boeing, Bristol Myers Squibb, Cardinal Health, Carnival, Comcast, Costco, Disney, Duke Energy, Fannie Mae, Gannett, GAP, General Mills, GM, Home Depot, Honeywell, Johnson & Johnson, Kraft, Kroger, and at least 13 other corporations.

"This is the same kind of safe, highly diversified, long-term investing that personal accounts would make available to millions of American workers for the first time," Frank said. "All Americans should be able to own their retirement security and build a nest egg -- not just the rich and powerful. Hopefully, Senator Kerry will consider the sound free-market principles he's used to his personal economic advantage as he prepares to vote on personal accounts and Social Security reform."

http://www.americansforprosperity.org/news/nr_0050426a.html

[Tiger Al 0]

Can't ALL Americans already "Build Retirement Nest Eggs With Personal Accounts?"

[Auburn85 432]

Tough to answer, because if payroll taxes weren't taken out of our checks everytime for SS, I think I could build a nest egg myself.

[WarTim 3,456]

"john "hitlary" kerry has TOO much money! It should be taken away from him and distributed to the needy by the all knowing liberals in Washington!"

No. Wait a minute. That is what a liberal would say.....Nevermind.