America First Retirement Act (AFRA)

Replace Social Security with Individually Owned Accounts
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From Dependency to Prosperity

The Problem

Social Security goes bankrupt in 2033. The national debt is $36 trillion.Your kids inherit this mess.Politicians keep promising to fix it "later."
They've been saying that for 40 years.Politicians have no plan. We do.

3 Questions Congress Won't Answer

Question 1: What happens in 2033?
That's when Social Security runs out of money.
Benefits get cut 23% automatically.
Your $2,000/month becomes $1,540/month.
Can you afford a $460/month pay cut in retirement?
Congress has no plan.Question 2: Who's paying the $36 trillion debt?
We've borrowed $36 trillion.
That's $270,000 per taxpayer.
We pay $1.1 trillion/year in interest alone.
That's more than we spend on defense.
More than we spend on education.
More than we spend on veterans.
Just. Interest.
Who's paying this back? Your kids?Question 3: Why should you trust them?
They promised Social Security would last forever.
It's going bankrupt in 9 years.
They promised to balance the budget.
We add $1 trillion in debt every 100 days.
They promised your retirement would be secure.
You'll get poverty-level benefits while they retire with gold-plated pensions.
Why would you trust them to fix this?
The truth: They won't fix it. We have to.

Sarah's Story

MEET SARAH
Sarah is 35. She's a teacher. She's been paying into Social Security for 17 years.
She's paid $68,000 so far.
By retirement, she'll have paid $230,000 into the system.
What does she get back?
If Social Security still exists (big if), she'll get about $1,900/month.
That's $22,800/year.
But here's the math:
If Sarah had invested that same $230,000 at 6% returns...
She'd retire with $1.8 million.
That would pay her $10,900/month.
Social Security steals $9,000/month from Sarah's retirement.
Now meet her daughter, Emma.
Emma is 5 years old.
By the time Emma is Sarah's age, Social Security won't exist.
But Emma will still owe part of the $36 trillion national debt.
That's $107,000 per American.
Emma's share: $107,000.
She'll pay it through higher taxes her entire life.
For a benefit she'll never receive.
This is the system we're defending?
Sarah gets ripped off.
Emma inherits debt for benefits she'll never get.
There's a better way.
One that works for Sarah.
And for Emma.
And for America.

The Solution

The America First Retirement Act (AFRA) is a complete legislative framework
to replace Social Security with individual retirement accounts while
eliminating the $36 trillion national debt. Every American child receives
$5,000 at birth plus $100 per month until age 18, growing to an average
$2.5 million retirement account. The system generates $39.35 trillion in
government surplus over 50 years while honoring all existing Social Security
obligations.

Birth Accounts (Ages 0-18)

  • Government deposits $5,000 at birth

  • Government adds $100/month until age 18

  • Total government investment: $26,600 per person

  • Account grows to $53,419 by age 18 (with conservative 6% return)

  • Account grows to $928,291 at retirement age, 67, without further contributions from participant (with conservative 6% return)

Working Years (Ages 18-67)

  • Worker contributes 6.2% of wages (replaces Social Security tax- 6.2% currently)

  • Employer contributes matching 6.2% (replaces Social Security Tax, employer also currently contributes 6.2%)

  • Individual ownership (not government fund)

  • Protected from creditors, bankruptcy, government seizure

  • Invested in diversified portfolio

Retirement (Ages 55-70)

  • Account holder chooses distribution start date (ages 55-70)

  • Monthly payments calculated on life expectancy

  • 15% flat tax on distributions

  • Average account at retirement with conservative assumptions: $2.5 million

  • Average monthly payment per person: $13,055 (after tax)

  • 6.8x better than current Social Security average with conservative modeling (6% return)

The Transition

How We Move from Social Security to AFRA

AFRA doesn't leave anyone behind. The transition is designed to protect everyone currently depending on Social Security while building a better system for future generations. Here's exactly how it works:

THREE POPULATIONS, THREE PATHWAYS

1. Protected Population (Age 55+)

If you're 55 or older when AFRA passes, you stay in Social Security with complete protection:

  • All promises kept: Every dollar you were promised, you'll receive

  • No benefit cuts: Your monthly check stays exactly as calculated

  • All COLAs continue: Annual cost-of-living adjustments guaranteed

  • Medicare untouched: Your healthcare coverage continues unchanged

  • Survivor benefits: All protections remain for your spouse and dependents

Why this matters: 113 million Americans (current retirees plus workers 55+) sleep soundly knowing their retirement is secure. AFRA honors every commitment made to you.

2. Automatic Enrollment (Ages 0-29)

If your'e under 30, you're automatically enrolled in AFRA and your retirement future just got dramatically better:

Children (Ages 0-17)

  • Government gives you $5,000 at birth

  • Government adds $100/month until you're 18 ($26,600 total)

  • This grows to $53,419 by age 18

  • By retirement at 67: $5.98 million

  • Monthly retirement income: $34,000+ (vs $2,750 Social Security)

Young Adults (Ages 18-29)

  • Government gives you $5,000 seed immediately

  • You contribute 6.2% of your paycheck (same as Social Security tax now)

  • Your employer matches with another 6.2% (same as Social Security employer tax now)

  • It's your account - you own it, control it, pass it to your kids

  • By retirement at 67: $3 - 4.5 million

  • Monthly retirement income: $18,000 - $25,000 (vs $2,750 Social Security)

One requirement: If you have a 401(k) or IRA, you must convert it to AFRA within 24 months. You'll pay a 20% conversion tax (80% transfers to your AFRA account), but you'll end up far better off.

Your Choice (Ages 30-54)

You decide: Stay in Social Security or switch to AFRA.
If you're 30-54, you have a one-time, 24-month window to make an irrevocable choice:

OPTION A: SWITCH TO AFRA

  • Enhanced government seed based on your age:

  • Ages 30-35: $15,000

  • Ages 36-40: $20,000

  • Ages 41-45: $25,000

  • Ages 46-50: $30,000

  • Ages 51-54: $35,000

  • Individual ownership: Your money, your account, passes to your heirs

  • Higher returns: 6%+ growth vs Social Security's 2% effective return

  • Flexibility: Retire anytime between 55-70

  • Protection: Creditor-proof, bankruptcy-proof, divorce-protected

Requirements if you switch:

  • Convert your 401(k)/IRA to AFRA (20% tax, 80% transfers to your account)

  • Start contributing 6.2% of your paycheck immediately, replaces Social Security contribution

  • Employer matches your 6.2% contribution, replaces current Social Security contribution

  • Can contribute up to 20% total (an additional 7.6%), which can be split between participant and employer match

  • Cannot return to Social Security (decision is permanent)

Example: Sarah, age 35

  • Receives $15,000 government seed

  • Has $80,000 in 401(k), converts to AFRA

  • Pays $16,000 tax (20%), receives $64,000 in AFRA account

  • Total AFRA starting balance: $79,000

  • At retirement (age 67): $3.8 million

  • Monthly retirement: $21,000 vs $2,750 Social Security

  • AFRA advantage: 7.6x better

OPTION B: STAY IN SOCIAL SECURITY

  • Same benefits you would get under current system

  • Subject to whatever Congress does in 2033 (automatic 23% cuts without reform)

  • No ownership, no inheritance, no flexibility

  • Average benefit: $2,750/month

You have 24 months to decide. SSA will provide free calculators showing your exact projected benefits under both systems. Most people ages 30-54 (estimated 60%) will choose AFRA because the math is overwhelming.

THE FUNDING TRANSITION

How do we pay for both systems at once?
AFRA is designed to be self-funding from Day One:

YEAR 1-15: Building Phase

  • AFRA starts with $5.4 trillion in assets (seeds + contributions + 401(k) conversions)

  • These funds invest and grow at 6% annually (very conservative rate)

  • Social Security benefits continue, paid from:

  • Ongoing SS taxes from protected workers (55+)

  • AFRA surplus as it grows

  • Those not opting into AFRA

  • No general fund bailout needed

YEAR 15+: Surplus Phase

  • AFRA reaches break-even (revenue exceeds all costs including Social Security)

  • Annual surplus grows from $1.4 trillion (Year 15) to $6+ trillion (Year 50)

  • 100% of surplus goes to paying down the $36 trillion national debt

YEAR 27: Debt Eliminated

  • National Debt paid off completely

  • $2.5 trillion per year in interest savings

  • AFRA surplus now available for:

  • 50% state infrastructure funding

  • 50% income tax rebates (estimated $41,667/year per taxpayer)

YEAR 55-80: Debt Eliminated

  • Last Social Security recipient receives final check

  • Social Security officially sunsets

  • AFRA becomes the universal system

  • Every American has a multi-million dollar retirement account

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The Plan

There's a better way. Here's how it works...

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Compare AFRA vs Social Security

See exactly how much wealth the America First Retirement Act will create for your retirement—and compare it to what Social Security would provide.
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Join thousands of Americans following the America First Retirement Act. Get updates on legislative progress, share resources, and be part of the movement to secure retirement for every American.

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Contact

ABOUT THE AUTHORNed Palmer
Wesley Chapel, FloridaI'm not a politician. I'm a family man concerned about my children and, God willing, my grandchildren. I got frustrated that politicians weren't fixing Social Security and our country's debt, so I did the math and wrote the bill myself.For media inquiries, Congressional staff briefings, or questions about AFRA.

Stay Informed

Join thousands of Americans following the America First Retirement Act. Get updates on legislative progress, share resources, and be part of the movement to secure retirement for every American.