Social Security’s funding problem has been known for decades, and yet nothing material has been done to fix it during my lifetime. The issue, of course, is that our two major political parties do not agree as to what the fixes should look like (i.e., primarily cuts in benefits or primarily increases in taxes).
Alicia Munnell (Director of the Center for Retirement Research at Boston College) recently proposed that any changes that are made should include a mechanism that would automatically make adjustments as needed going forward, in order to prevent such a situation from recurring.
Other Recommended Reading
Thanks for reading!
New to Investing? See My Related Book:
|
Investing Made Simple: Investing in Index Funds Explained in 100 Pages or Less
|
Topics Covered in the Book:
- Asset Allocation: Why it’s so important, and how to determine your own,
- How to to pick winning mutual funds,
- Roth IRA vs. traditional IRA vs. 401(k),
- Click here to see the full list.
A Testimonial:
“A wonderful book that tells its readers, with simple logical explanations, our Boglehead Philosophy for successful investing.”
– Taylor Larimore, author of The Bogleheads’ Guide to Investing
September 25, 2023
