LETTER: An alternative to Social Security

In a July 29 column, George Kennedy praised Social Security and offered several ways to improve it, if raising payroll taxes or directing the estate tax toward an over-burdened program sounds like a good idea to you. I offer what I feel is a much better approach, one that will eventually get the government out of the retirement business, allow people to save independently for the post-employment phase of their life and possibly provide a substantial nest egg they can leave to their heirs once they pass.