Privatization
An Argument for privatizing Social Security
Speaking at the firm’s Retirement Summit program, Blackrock CEO Larry Fink spoke in favor of individual savings accounts funded by employer and employee contributions and market-based investment management as a better way to ensure continuity of Social Security. He based his…
Ask Rusty – About Investing Social Security Money in the Stock Market
Dear Rusty: For most folks collecting Social Security, you get back what you put in within 3-5 years, so for those that scream – “SS is not an entitlement, it is my money”- that is not entirely accurate beyond 3-5…
Viewpoints on Privatization of Social Security In the News Again
Since the Social Security Board of Trustees issued the 2024 Report on the status of the Old-Age and Survivors and Disability Insurance trust funds earlier this month, the tempo has been building regarding the program’s future financial problems. Nothing in…
Privatization of Social Security…An On-again/Off-again Issue
Quite a bit has been written on the subject of privatizing Social Security funding via stock market investment, and for many years, the basic premise has been a volatile issue for governmental administrations. Take, for example, President George W. Bush’s…