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Financial Experts Comment on Social Security and Trump Accounts - PSCA.org
As noted in an earlier post today, Trump Accounts are off and running. So, how do they relate to Social Security, especially with respect to the long-term retirement picture for today’s younger workers. This topic was the subject of an article by PSCA.org content writer and reporter Paul Mulholland titled, “At Trump Account Summit, Speakers Debate Role Alongside Social Security.” Mulholland’s article includes remarks from Brad Gerstner, founder and CEO of Altimeter Capital and a public advocate of Trump accounts, who labeled the concept as “… a complement to Social Security and ‘not a replacement.'” His sentiment counters media commentary speculating that the concept could be viewed as a “back door” to addressing the future inadequacy of Social Security in providing meaningful retirement security for a demographically evolving workforce.
The Mulholland article includes perspectives from Kevin O’Leary, an investor and co-host of the TV show Shark Tank, and Brian Graff, the CEO of the American Retirement Association (ARA), and notes that the President did not specifically address Social Security in his remarks at the Trump Account kick-off announcement. Read the full PSCA.org post here…