Latest News
Warren Buffett on Social Security Reform - The Motley Fool
One of the financial world’s most seasoned icons is on record with opinions on key changes that should be considered to address Social Security’s insolvency. These opinions were recapped in a recent post by The Motley Fool contributor and Certified Personal Finance Counselor Marc Guberti and are surprisingly close to several of the recommendations embedded in the AMAC Social Security recapped in yesterday’s headline post on this site. In addition to advocating a full retirement age setback, Buffett supports further means-testing of benefits and suggests eliminating the taxable maximum (although it’s not clear whether the additional tax paid would factor into the benefit calculation).
In any event, Buffett’s reputation as a savvy financial authority is likely to be considered in the mix as Congress (eventually) grapples with the daunting task of modernizing Social Security to meet the demands of our 21st Century economy.
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.