Looking at Social Security as an Insurance Program
Forbes Contributor Tim Worstall, in a post on Forbes.com, takes a look at recent suggestions for expansion of Social Security benefits, suggesting the existence of a fallacy in looking at the program solely as a pension plan. Citing supporting opinions from Andrew Biggs, Resident Scholar at the American Enterprise Institute in Washington, Worstall takes a look at the importance of personal savings as a complementary part of retirement planning and considering Social Security as insurance against depleting savings in later years. Read the article here…
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