With so many debates being held in this presidential election year, it's interesting how little discussion there has been about making Social Security great again. So far, no candidate has offered meaningful ideas for achieving this. Yet, it's crystal clear that without serious reform, Social Security retirement benefits will change – for the worse.
Tell your clients The Rule of 29, namely: "In 2029, the trust funds will be exhausted, requiring a 29 percent reduction in benefits…"
That quote is from the Congressional Budget Office (CBO) in its "2015 Long-Term Projections for Social Security:"
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
