Social Security’s Perils Suggest Current Workers Should Save More On Own
Polls show many current workers have heard at least some information about Social Security’s funding crisis. But studies also show workers are not doing enough to take action. While the program will survive, and could be made stronger with modest changes sooner rather than later, retirement planning should be viewed as a three-legged stool. Social Security is but one leg. The author notes the other equally important legs are workplace 401k plans/pensions and personal savings. Read more…
The Association of Mature American Citizens (AMAC) has been actively advocating for a strengthening of Social Security. Most recently, AMAC has developed a bipartisan compromise bill that has among its provisions Social Security PLUS, a way for current workers to save more for retirement in addition to traditional Social Security. Learn more about AMAC’s Social Security Guarantee here…
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