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The Townsend Plan, officially the Old-Age Revolving Pensions (OARP) plan, was a September 1933 proposal by California physician Francis Townsend for an old-age pension in response to the Great Depression, leading to a social and political movement.
Francis Everett Townsend (/ ˈ t aʊ n z ən d /; January 13, 1867 – September 1, 1960) was an American physician and political activist in California.In 1933, he devised an old-age pension scheme to help alleviate the Great Depression.
This idea was later popularized by Francis Townsend in 1933, and the influence of the "Townsend Plan" movement on debate over social security persisted into the 1950s. [5] [6] Early debates on Social Security's design centered on how the program's benefits should be funded. Some believed that benefits to individuals should be funded by ...
The Federal Employees Retirement System, or FERS, consists of three government-sponsored retirement plans: Social Security, the Basic Benefit Plan, and the Thrift Savings Plan.
About 70 million Americans invest in 401(k)s and these retirement plans hold $6.9 trillion in assets, according to the Investment Company Institute, citing data as of September 30, 2023 . Plan ...
My plan isn't necessarily right for you: You might end up spending less in retirement, or you may end up needing more. It's also possible I'm completely wrong about how much income Social Security ...