A Quick Look at the Social Security Dilemma…And Why We Can’t Delay a Fix
In a post on the Oakland Press website. Ken Morris, Vice-President of the Society for Lifetime Planning, takes a look at the conclusions presented in the 2017 Social Security Trustees Report and analyzes the implications of the most recent insolvency projections. This quote from his post puts the essence of his remarks in perspective, “The bottom line is that Social Security is clearly not in good shape. The program’s long-term unfunded liability has increased by 166 percent in just ten years.” Read his full article here…
You might also take note of AMAC’s position on the need to resolve Social Security’s long-term solvency problem. AMAC’s Social Security Guarantee provides a legislative framework for achieving a multi-generation resolution without a tax increase, and provides a pathway to savings for future retirees. Read the details here…
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