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“Earnings Sharing”…An Item Considered, but Perhaps Not Practical Under Current Social Security Rules
Social Security expert Tom Margenau, in a post on dallasnews.com, responds to a suggestion from a reader that there needs to be a better way for Social Security to compensate, in retirement, homemakers for their time outside the workforce. In analyzing the pros and cons of this suggestion, Margenau outlines the reasons why it would not be doable and explains the potential impacts of an “earnings sharing” approach to determining benefit amounts for several types of retirees. The suggestion is understandable, just not practical under the current program structure. Read Margenau’s analysis here…