The Future of Social Security
There are many proposals floating around that promise to fix the solvency problem faced by Social Security, and each candidate is touting their own plan as part of their platform. All of these plans come with their own pros and cons and it is important to know the ins and outs of these proposals before they make it to the final stage. Currently embedded in these proposals are plans to raise the retirement age, lower benefits, raise taxes, and many more confusing and roundabout ways to “fix” the system. The only constant among these plans is that none of them are a quick fix, Social Security will remain a cornerstone for ensuring the retirement of seniors for the foreseeable future no matter what changes end up being made. For more information on this topic, visit this article by Ann Brenoff with The Huffington Post.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.